Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.
Annual Installment means, with respect to each Assessed Property, each annual payment of: (i) the principal of and interest on the Assessments as shown on the Assessment Roll or in an Annual Service Plan Update, and as shown in Exhibit F-2 to the Service and Assessment Plan, and calculated as provided in Section VI of the Service and Assessment Plan, (ii) Annual Collection Costs and (iii) the Additional Interest.
Annual Installment means any installment payment required to be paid to a Participant, the amount of each of which shall be determined by multiplying each Account Balance as of the Valuation Date immediately preceding the date of the Annual Installment by a fraction, the numerator of which shall be one (1) and the denominator of which shall be the number of Annual Installments remaining to be paid to the Participant.
Examples of Annual Installment in a sentence
As a result, it may not be necessary to collect the full amount of the Annual Installment Part A to repay the Tax Revenue Bonds.
The Principal Portion of Special Assessments and Annual Installment shall be set and reallocated in the same manner as the Special Assessments.
The Adjusted Annual Installment Part A for a Parcel shall equal the Annual Installment Part A for such Parcel less the Annual Part A Credit for the Parcel.
Non-Operating Expenses may not be paid from the operating account until the Annual Installment has been calculated.
The portion of the Annual Installment required to be collected each year to repay the Bonds and to pay Administrative Expenses is the Annual Payment.
More Definitions of Annual Installment
Annual Installment means the annual installment payment of an Assessment as calculated by the Administrator and approved by the City Council, that includes: (1) principal; (2) interest; (3) Annual Collection Costs; and (4) Additional Interest.
Annual Installment means the annual installment payment of the Operations and Maintenance Assessment as calculated by the Administrator and approved by the City Council, plus Annual Collection Costs.
Annual Installment shall have the meaning assigned to such term in the Indenture.
Annual Installment means, with respect to each Parcel, the annual installment payment of an Assessment as calculated by the Administrator, approved by the City Council, and shown on an Assessment Roll, and includes: (1) principal; (2) interest; and (3) Annual Collection Costs.
Annual Installment means the portion of the loan amount that is due for a particular year under the loan agreement.
Annual Installment means the annual installment payment on the Assessment as calculated by the Administrator and approved by the City Council, that includes: (1) principal; (2) interest;
Annual Installment is defined in the SAP.