Balloon Payment. Not applicable.
Balloon Payment. Borrower acknowledges that the unpaid principal amount of this Loan and all unpaid interest accrued thereon will be immediately due and payable to Lender in full as one balloon payment on the Maturity Date.
Balloon Payment. Parties hereby agree that in the event the BUYER opts to make a balloon payment, the following shall apply: If made within the Insert year here e.g. 1st put N/A if not applicable year to insert year here e.g. 2nd put N/A if not applicable year of the Contract Period, there shall be no interest on the principal amount. If made after the Insert year here put N/A if not applicable year of the Contract Period, the INTEREST RATE for the year when the balloon payment is made shall apply in addition to the principal amount.
Balloon Payment. BORROWER ACKNOWLEDGES AND AGREES THAT A SUBSTANTIAL PAYMENT WILL BE DUE ON THE MATURITY DATE, AS THE MONTHLY PAYMENTS DUE WITH RESPECT TO THE LOAN HAVE BEEN CALCULATED BASED ON AN AMORTIZATION PERIOD THAT EXCEEDS THE TERM OF THE LOAN; THEREFORE, A MAJOR PORTION OF THE PRINCIPAL AMOUNT OF THE LOAN WILL NOT HAVE BEEN PAID BY WAY OF THE MONTHLY PAYMENTS.
Balloon Payment. The entire contract balance, including all interest and fees owing, must be paid in full not later than the first day of the Twenty-fourth (24th) month from full execution of this agreement.
Balloon Payment. Any Claim arising out of or in connection with the failure of the Borrower to make any payment of principal and/or interest due under a Loan:
Balloon Payment. THIS AGREEMENT PROVIDES FOR A BALLOON PAYMENT. BORROWER ACKNOWLEDGES THAT LENDER HAS NOT AGREED TO REFINANCE THAT PAYMENT.
Balloon Payment. On the Maturity Date, all outstanding principal, plus accrued but unpaid interest thereon, plus all other outstanding amounts due to the Holder shall be paid to the Holder (except that, if such date is not a Business Day, then such payment shall be due on the next succeeding Business Day).
Balloon Payment. Any Loss arising out of or in connection with failure of the Borrower to make any payment of principal and/or interest due under a Loan which payment arises because the Insured exercises its right to call or accelerate such Loan (except as a result of a Default) or because the term of such Loan is shorter than the amortization period, and which payment is for an amount more than twice the regular periodic payments of principal and interest (including any additional amounts escrowed for taxes or insurance) that are set forth in such Loan (commonly referred to as a "Balloon Payment"). This exclusion shall not apply to Loss resulting from the refusal of the Borrower to accept an extension or renewal from the Insured or its Servicer of the Loan at market rates.
Balloon Payment. All remaining unpaid principal and interest will be payable in full on the date which is the 36 month anniversary of the date of this Note (the “Maturity Date”).
