Repayment Letter definition

Repayment Letter means a letter from the bank to you the consumer or 6. 3. If no payment is forthcoming from your employer via your wage/salary, you your employer confirming that a loan has been granted setting out the loan give the Bank permission to deduct the monthly/fortnightly/weekly amounts details. payable from your bank account directly and authorise the Bank to deduct the instalment from my bank account at whichever financial institution I hold
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Repayment Letter means the document given to an Employee that lists the Employee’s monthly instalment, interest rate applicable to the loan and the terms and conditions applicable to the loan read together with the Credit Agreement;
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Examples of Repayment Letter in a sentence

  • Letter Agreement On Repayment Schedule Biztree Com Files Consumerfinance Gov Loan Repayment Letter Sample E Sample Letters Form Of Employee.

  • The Ormesa Loan Repayment Account may be funded by one or a combination of the following: (i) cash; and (ii) an Ormesa Repayment Letter of Credit.

  • The Collateral Agent shall deposit the amounts received from such Ormesa Repayment Letter of Credit provider in payment of such drawing in the Ormesa Repayment Account to be applied in accordance with this Section 3.7.

  • Upon such payment, Sprint shall deliver to the Joint Venture, with a copy to FT and DT, a repayment letter, pursuant to which Sprint acknowledges repayment in full of all indebtedness for money borrowed by the Joint Venture from Sprint and its Affiliates (the "Repayment Letter").

  • Owners shall promptly return and release the Repayment Letter of Credit following notice of termination pursuant to Section 21.3.1.

  • Amounts in the Ormesa Loan Repayment Account, when added to the amount available to be drawn under the Ormesa Repayment Letter of Credit, in excess of the Ormesa Repayment Requirement shall be transferred to Ormat Nevada.

  • The Depositary shall deposit the amounts, if any, received from the provider of such Ormesa Loan Repayment Letter of Credit to the Ormesa Loan Repayment Account and, on the Disbursement Date utilize such amounts to pay the principal, premium and interest due with respect to the Ormesa Credit Agreement on such Ormesa Payment Date.

  • If the Ormesa Loan Repayment Account is funded with an Ormesa Repayment Letter of Credit, Ormat Nevada or certain of the Issuer's Affiliates (other than Subsidiaries of the Issuer) will be permitted to replace the Ormesa Loan Repayment Letter of Credit with cash or another Ormesa Repayment Letter of Credit.

  • The amount of the Repayment Letter of Credit shall thereafter be adjusted annually, such that the adjusted value reflects the aggregate of the amounts of the Earned Fee theretofore paid to Contractor and thereafter expected to be paid to Contractor in the following twelve (12) months.

  • Redemption and The Trustee will comply with the terms of the Repayment: Letter with regard to redemptions and --------- repayments of the Notes.