Repayment Term definition
Examples of Repayment Term in a sentence
Such Reimbursement Obligations shall mature on a date or dates, subject to the limitation set forth in the Maximum Reimbursement Obligation Repayment Term defined herein, and bear interest at a market rate, to be determined at the time of issuance of such Reimbursement Obligations.
Loan Balance Repayment Term $7500 - $39,999 Up to 20 years $40,000 - $60,000 Up to 25 years Greater than $60,000 Up to 30 years Note: Repayment terms are based on a Borrower's consolidated loan balance; these terms may be changed by the Borrower after the Borrower has completed one full year of full principal and interest payments.
At such time as the District issues Reimbursement Obligations to evidence an obligation to repay advances made under this Agreement, the repayment terms of such Reimbursement Obligations shall control and supersede any otherwise applicable provision of this Agreement, except for the Maximum Reimbursement Obligation Repayment Term (as defined below).
If the Amortization Term is longer than the Repayment Term, we have the option, upon sixty (60) days prior written notice to you, to offer to renew this Agreement at the end of the Loan Term on the same Terms and Conditions as set out herein.
The Repayment Term of this Agreement will start and interest will begin to accrue on the Loan Advance Date and continue throughout the entire Repayment Term.