Balloon Date definition

Balloon Date means any Principal Maturity Date or Put Date for Balloon Obligations in a Balloon Year.
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Balloon Date means any maturity or principal payment date or any date on which a holder may elect to have Balloon Indebtedness redeemed, prepaid, purchased directly or indirectly by the Borrower, or otherwise paid, in a Balloon Year.
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Balloon Date means any date of a Principal Installment or any date on which a Holder may elect to have Balloon Obligations redeemed, prepaid, purchased directly or indirectly by the Metropolitan Government, or otherwise paid, in a Balloon Year.
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Examples of Balloon Date in a sentence

  • For the purpose of calculating the Debt Service Requirement on Balloon Obligations not described in the preceding sentence, the principal payable on such Bonds during the Balloon Year shall be calculated as if paid on the Balloon Date.

  • For the purpose of calculating the Annual Debt Service on Balloon Bonds (A) which are not subject to a Commitment and (B) which have a Balloon Date within 12 months from the date of calculation, the Principal payable on such Bonds on the Balloon Date shall be calculated as if paid on the Balloon Date.

  • Creditors will receive significantly greater value than it would under a Chapter 7 case: Class 1, 2 and 3 Claims will be paid in full; Class 4 will receive $1,111,340.00 during years five through ten of the Plan and a balloonpayment on the Balloon Date; and Class 5 and 6 holders will receive membership interests in the Reorganized Debtor in proportion to their prepetition TIC Interests in the Property.

  • Beyond Blue recognises that the use of social media plays an important role in the professional and personal lives of our staff.

  • Class 4 Claims will receive $1,111,340.00 during years five through ten of the Plan and a balloon payment of $4,271,977 on the Balloon Date.

  • On the Balloon Date, WBCMT will be paid the balance of 60% of its Class 3 Claim to bring the total paid to WBCMT on account of its Class 1 and Class 3 Claims to $17,500,000, with a present value of the payments of $10,793,294.

  • For the purpose of calculating the Debt Service Requirement on Balloon Indebtedness not described in the preceding sentence, the principal payable on such Bonds during the Balloon Year shall be calculated as if paid on the Balloon Date.

  • It may be unrealistic or un- reasonable to halt any and all cooperation with the sanctioned state.


More Definitions of Balloon Date

Balloon Date means any Principal Maturity Date or Put Date on which more than 25% of the Principal of related Balloon Bonds mature or are subject to mandatory redemption or could, at the option of the Registered Owners, be required to be redeemed, prepaid, purchased directly or indirectly by the Water District, or otherwise paid.
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Related to Balloon Date

  • Balloon Payment shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • Origination Date means, with respect to each Mortgage Loan, the date of the Mortgage Note relating to such Mortgage Loan, unless such information is not provided by the Borrower with respect to such Mortgage Loan, in which case the Origination Date shall be deemed to be the date that is 40 days prior to the date of the first payment under the Mortgage Note relating to such Mortgage Loan.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Due Date The day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Final Repayment Date means the date falling on the earlier of (i) the date falling on the sixth anniversary of the Drawdown Date and (ii) 30 November 2023.

  • Securitization Date means the effective date on which the Securitization of the first Note or portion thereof is consummated.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Collection Date means the date on which the aggregate outstanding principal amount of the Advances have been repaid in full and all Interest and fees and all other Obligations (other than contingent indemnification and reimbursement obligations which are unknown, unmatured and/or for which no claim giving rise thereto has been asserted) have been paid in full, and the Borrower shall have no further right to request any additional Advances.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).