Examples of Amortisation Table in a sentence
The Borrower shall repay each Tranche by instalments on the Payment Dates specified in the relevant Disbursement Offer in accordance with the terms of the Amortisation Table for that Tranche delivered pursuant to Article 2.3 (Confirmation by the Bank).
The Complainant details that the Illustrative Amortisation Table in the European Standardised Information Sheet he received with his Loan Agreement, dated 28 May 2007, provides for a tracker interest rate of ECB + 0.9% and that it is reasonable for him to conclude that the European Standardised Information Sheet, which refers to the tracker interest rate of ECB+ 0.9%, forms part of his legally binding loan agreement.
The worksheet with a burgundy background colour (Loan Amortisation Table EEM, Loan Amortisation Table EEM+DR, First In_Out Redemption EEM, First In_Out Redemption EEM+DR, Shared Savings Redemption EEM and Shared Savings Redemption EEMDR) are calculation worksheets only.
The Parties acknowledge and agree that if any amendment is made to the repayment schedule for principal under the Bonds with the consent of EFSF in accordance with this Clause 2.3(b), the Parties shall enter into such consequential amendments to the Debt Documents as are necessary to reflect such amendments in the Common Amortisation Table and/or each equivalent table in each other Debt Document.
The Provider submits that the interest rate on which the Illustrative Amortisation Table is based, is clearly indicated to be for illustrative purposes.
The information contained in the Illustrative Amortisation Table could not reasonably be construed as a commitment to the tracker interest rate of ECB + 0.90% at the end of the fixed interest rate period which would end in July 2009.
The Complainant has submitted, in evidence, a copy of an Illustrative Amortisation Table issued by the Provider to another customer in or around the same time the Complainant was furnished with the Illustrative Amortisation Table applicable to his mortgage loan.
The information contained in the Illustrative Amortisation Table was for illustrative purposes only and was prepared on the basis of the rates applicable at the time the mortgage loan issued in April 2008.
Amortisation Table Bank Confirmation Difference Balance 7 975 308,09 9 901 506,82 -1 926 198,73 Accrued finance costs* 60 830,84 60 830,84 - Total 8 036 138,93 9 962 337,66 1,926 198,73 * Accrued finance costs was calculated using the balance of the amortisation table at year end.The above is due to the fact that reconciliations are not appropriately and frequently performed on a monthly basis per loan account.
The Provider submits that the Illustrative Amortisation Table was based on the tracker mortgage rate available to customers in the Complainant’s position in 2007, and was not, nor was it ever intended to be, an indication of the rate that would be available on the expiry of the two year fixed period in 2009.