Quarterly Installments definition

Quarterly Installments means that MGE will pay each Annual Community Impact Fee to the Town in four equal, quarterly installments over the course of a 365-day period (366 days when the period includes February 29th of a leap year), with the first installment due on the day the Project is first Open for Business to the General Public, or the annual anniversary thereof, and each of the three subsequent installments each year due on the same date of the month of the first installment, but three, six, and nine months thereafter. By way of example, if the Project is first Open for Business to the General Public on June 10th, then the first quarterly installment would be due on that date and the subsequent quarterly installments would be due on September 10th, December 10th, and March 10th. If the date for payment of a quarterly installment falls on a weekend or holiday, MGE will pay that quarterly installment on or before the next following business day. MGE may pay at its election any quarterly installment before it is due; any such early payment by MGE of a quarterly installment will not change the dates on which subsequent quarterly installments are due.
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Quarterly Installments means the quarterly installments in which the Second Phase Reimbursement Amount must be paid, the amount and number of which are determined in accordance with Section 3.1 (subject to the other provisions of this Agreement) .
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Quarterly Installments means that MGE will pay each Annual Community Impact Fee to the Town in four equal, quarterly installments over the course of a 365-day period (366 days when the period includes February 29th of a leap year), with the first installment due on the day the Project is first Open for Business to the General Public, and thereafter on the annual anniversary of that day, and each of the three subsequent installments each year due on the same date of the month of the first installment, but three, six, and nine months thereafter. By way of example, if the Project is first Open for Business to the General Public on June 10th, then the first quarterly installment would be due on that date and the subsequent quarterly installments would be due on September 10th, December 10th, and March 10th. If the date for payment of a quarterly installment falls on a weekend or holiday, MGE will pay that quarterly installment on or before the next following business day. MGE may pay at its election any quarterly installment before it is due; any such early payment by MGE of a quarterly installment will not change the dates on which subsequent quarterly installments are due.
Sample 1

Examples of Quarterly Installments in a sentence

  • Gupta and Mr. H.R. Gupta.(iv) The loan facilities are further secured by the pledge of 100% of the equity share capital held by the promoters of the Company.i) Buyer’s credit [Rs. 1,053.72 (Previous year: Rs. 524.35)]The facility is secured as described in (h) above j) Bill discounted [Rs. 1,157.44 (Previous year: Nil)]The facility is secured as described in (h) above Repayment term:22 stepped up Quarterly Installments commencing from 31st December, 2013 and ending on 31st March 2019.

  • The Term Loan is repayable in 40 Quarterly Installments of Rs. 27,250,000 started from September 2010.

  • Foreign Currency Loan is repayable from December 2013 in 12 Quarterly Installments.

  • Repayable in Five years with Quarterly Installments starting from 31.12.2017.

  • Repayment term:29 stepped up Quarterly Installments commencing from 31 March 2014 and ending on 31 March 2021.Rate of interest:Interest shall be charged @ 11.00% p.a. Repayment term:29 stepped up Quarterly Installments commencing from 31st March 2014 and ending on 31st March 2021.Rate of interest:Interest shall be charged @ 11.00% p.a. The loan is repayable in 35 equated monthly installments in accordance with terms and conditions of bank started from 1 Nov 2010 till 01 Sept 2013.

  • AMOUNT OF MONEY AND SOURCE: Annual Rent Quarterly Installments $399,169.55 $99,792.39 Account No.: 1001-000000-1480-166400-603096 BACKGROUND/EXPLANATION The annual rent for the renewal term will be determined by May 1st of each year.

  • Proposals will be evaluated based on a Trade-Off Methodology assessing non-cost and cost factors.

  • These loans are repayable in Quarterly Installments starting from 31st December 2013 and ending in 30th September 2026.

  • Corporate Loan with the outstanding balance of` 1921.43 lacs (March 2013 : ` Nil) is secured by exclusive charge on the specific immovable property along with the subservient charge on movable fixed assets & current assets Repayable in 10 Quarterly Installments with the moratorium period of Six months.

  • Students may enroll for the full Policy Year but pay in Quarterly Installments.


More Definitions of Quarterly Installments

Quarterly Installments means payments, to be made on each March 20, June 20, September 20 and December 20, equal to one quarter of the then applicable Annual 2 Rent, with appropriate adjustments made for changes in the number of Building Square Feet during the relevant period. Other terms are defined throughout this Lease.
Sample 1
Quarterly Installments means payments, to be made on each January 1, April 1, July 1 and October 1, equal to one quarter of the then applicable Annual Rent, with appropriate adjustments made for changes in the number of Building Square Feet during the relevant period. Exhibit A to the Lease is amended to read in its entirety as follows: Commerce Center at Enchxxxxx Xxxxx, Xxx 0X, Xxxxx X, xx the same is shown and designated on the plat entitled "SUMMARY PLAT, LOT 0X, XXXXX X, X XXXXXX XX XXX 0 XX XXXCK A AND A PORTION OF UNPLATTED LANDS, COMMERCE CENTER AT ENCHANTED HILLS, WITHIN THE UNPLATTED PORTION OF UNIT TWENTY, BEING A PORTION OF SECTXXX 00, XXXXXXXX 00 XXXXX, XXXXX 0 XXXX, XXX XXXXXX PRINCIPAL MERIDIAN, CITY OF RIO RANCHO, SANDXXXX XXXNTY, NEW MEXICO", filed in the office of the County Clerk of Sandxxxx Xxxnty, New Mexico on October 27, 1995 in Vol. 3, Folio 1333-B, Instrument No. 00000 (Xxx Xxxxxx Xxxxxxx Plat Book No. 8, page 50).
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Related to Quarterly Installments

  • Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

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

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Payable in installments means that payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment excluding the down payment, a transaction is “payable in installments”.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Quarterly Dates means the last Business Day of March, June, September and December in each year, the first of which shall be the first such day after the date hereof.

  • Installment Date as defined in Section 2.12.

  • Quarterly Commencement Date means the 1st day of each of April, July, October and January in each year.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Prepaid Installment With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Prepayment with respect to such Mortgage Loan.

  • 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.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Quarterly Valuation Date means the last Business Day of the last month of each fiscal quarter of the Trust in each fiscal year of the Trust, commencing October 31, 2001.

  • Quarterly Date means the last Business Day of March, June, September and December in each year, the first of which shall be the first such day after the date hereof.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).