Balloon Installment definition
Examples of Balloon Installment in a sentence
All prepayments of the Term Loan shall be applied first to the Balloon Installment, until paid in full, and then pro rata against the remaining Quarterly Installments.
Each subsequent installment for such Advance shall be paid on each subsequent Quarterly Payment Date, and the last installment together with the Balloon Installment shall be paid on the Maturity Date for such Advance all as set forth in Schedule 7.
The first Quarterly Installment shall be due and payable on the first Business Day in October, 2000, the subsequent Quarterly Installments shall be due and payable on the first Business Day in each of the months of January, April, July and October thereafter, and the Balloon Installment shall be due and payable on the Maturity Date.
The principal amount of each Term Loan shall be repaid by the Borrower to which such Term Loan was made in nine equal and consecutive quarterly installments (each a "Quarterly Installment"), followed by a final installment (the "Balloon Installment").
The payment of the Balloon Installment does not relieve the Lessee from its obligations to repay the remaining outstanding and outstanding amounts under the Lease Contract.
The Employee shall be entitled to an insurance pension (the “Pension Fund”) as of the commencement date of the Employee's employment with the Company.
All prepayments of each Term Loan shall be applied first to the Balloon Installment applicable to such Term Loan until paid in full, and then pro rata against the remaining Quarterly Installments applicable to such Term Loan.
Tranche A: 40 quarterly installments, plus the Balloon Installment, according to the Tranche A Payment Schedule, starting in the third month computed from the Closing Date.
Each such prepayment of any Term Loan Advances shall be applied first, to the Term Loan Balloon Installment, and second, to the remaining outstanding installments of the Term Loan Advances on a ratable basis.
The right to Balloon Installment does not limit the Lessee's right to repay the obligations under the Lease Contract in advance at any other time of the Lease Term.