Last Interest Only Payment Date definition

Last Interest Only Payment Date has the meaning set forth in the Summary of Loan Terms, if applicable.
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Last Interest Only Payment Date has the meaning set forth in the applicable Schedule of Advance Terms.
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Last Interest Only Payment Date. The first day of , 20 . [Only applies if there is a Partial Interest-Only Period. Insert the date that the last interest-only payment is due.] Lender: The holder of this Note.
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Examples of Last Interest Only Payment Date in a sentence

  • Commencing on the First Interest Only Payment Date and on the first day of every month until and including the Last Interest Only Payment Date, consecutive monthly installments of interest only shall be payable and in an amount equal to one of the following (check one only): ¨ 30/360.

  • Commencing on the First Interest Only Payment Date and on the first day of every month until and including the Last Interest Only Payment Date, consecutive monthly installments of interest only shall be payable and in an amount equal to one of the following (check one only): 30/360.

  • Interest Rate Type Structured ARM Last Interest Only Payment Date The first day of November, 2022.

  • Commencing on the First Interest Only Payment Date and on the first day of every month until and including the Last Interest Only Payment Date, consecutive monthly installments of interest only shall be payable and in an amount equal to one of the following (check one only): [ ] 30/360.

  • Interest Rate Type Structured ARM Last Interest Only Payment Date The first day of April, 2022.

  • Interest Rate Type Structured ARM Last Interest Only Payment Date The first day of November, 2021.

  • Thereafter, on each Payment Change Date until and including the Last Interest Only Payment Date, the Required Monthly Interest Only Payment shall change based on the then-applicable Adjustable Rate and the actual number of calendar days during the applicable month.

  • Interest Only Term 0 months Interest Rate The Fixed Rate Interest Rate Type Fixed Rate Last Interest Only Payment Date Not Applicable Maturity Date The first day of September, 2027, or any earlier date on which the unpaid principal balance of the Advance becomes due and payable by acceleration or otherwise.

  • Interest Only Term 84 months Interest Rate The Fixed Rate Interest Rate Type Fixed Rate Last Interest Only Payment Date The first day of August, 2025.

  • If the Advance is a partial interest only Advance, consecutive monthly installments of interest only, each in the amount of the Required Monthly Interest Only Payment (defined below), shall be payable on the First Interest Only Payment Date and on each Payment Change Date until and including the Last Interest Only Payment Date.

Related to Last Interest Only Payment Date

  • Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

  • Interest Only Loan means a Mortgage Loan which only requires payments of interest for a period of time specified in the related Mortgage Note.

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

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Redemption Payment Date As defined in Section 13.1.

  • Payment Date means the 15th day of each month, or, if any such date is not a Business Day, the next succeeding Business Day, commencing April 17, 2017.

  • Floating Rate Interest Payment Date has the meaning provided in Section 2.7(b).

  • Accrued Interest means, with respect to Single Family Shared-Loss Loans, the amount of earned and unpaid interest at the note rate specified in the applicable loan documents, limited to 90 days.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Interest Date means the last day of an Interest Period.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Fixed Rate Interest Payment Date has the meaning set forth in clause (d) of Section 2.01 of this Supplemental Indenture.