Balloon Instalments definition

Balloon Instalments has the meaning given in Clause 6.1 (Repayment of Loan).
Sample 1Sample 2Sample 3
Balloon Instalments means either or both of them;
Sample 1Sample 2
Balloon Instalments have the meaning given in Clause 9.2(a);
Sample 1

Examples of Balloon Instalments in a sentence

  • The terms and conditions of the transfer of the Loan Receivables are explained with more detail in section 3.3(b) of the Additional Building Block, in which reference is made to the elements not included in the same, such as the Balloon Instalments, as further explained therein.

  • The terms and conditions of the transfer of the Loan Receivables are explained with more detail in section 3.3.2 of the Additional Building Block, in which reference is made to the elements not included in the same, such as the Balloon Instalments, as further explained therein.

  • Such Shortfall Amount shall be applied in or towards prepayment of the then outstanding Repayment Instalments and Balloon Instalments in order of maturity.

  • If any part of the Facility is cancelled, the Repayment Instalments (including the Balloon Instalments) falling after that cancellation shall be reduced pro rata by the amount cancelled.

  • We also hereby confirm and agree that the terms of Clauses 8.1(a) (u) and 8.1 (b) of each Loan Agreement (dealing with the Repayment Instalments and Balloon Instalments of the Additional Advances), shall not apply to each Additional Advance in respect of the Ship and each such Additional Advance shall be repaid in accordance with the Schedule to this Letter.

  • The first Repayment Instalment in respect of the DNB Commitment shall be repaid on 5 April 2018 with the remaining Repayment Instalments in respect of the DNB Commitment to be repaid at 3-monthly intervals thereafter and the last Repayment Instalment together with the Balloon Instalments in respect of each of the C-Exim Commitment and the DNB Commitment shall be paid on the date falling on 4 January 2019.

  • We also hereby confirm and agree that the terms of Clauses 8.1(a)(ii) and 8.1(b) of each Loan Agreement (dealing with the Repayment Instalments and Balloon Instalments of the Additional Advances), shall not apply to each Additional Advance in respect of the Ship and each such Additional Advance shall be repaid in accordance with the Schedule to this Letter.

  • For the determination of the Audited Portfolio, all the elements being part of the Loan Receivables have been taken into account according to the following section 3.3(b) (among which Balloon Instalments are not included).

  • Clauses 8.1(a)(ii) and 8.1(b) of each Loan Agreement shall, as they relate to the Repayment Instalments and Balloon Instalments and the Balloon Instalment for each Additional Advance in respect of that Ship, be read and construed accordingly.

  • Each partial prepayment shall be applied if made pursuant to Clause 8.6, proportionately between each Lenders' Commitment, in inverse order of maturity, first against the Balloon Instalments and then against the then outstanding Repayment Instalments.


More Definitions of Balloon Instalments

Balloon Instalments has the meaning given to it in Clause 8.1 (Amount of repayment instalments);
Sample 1
Balloon Instalments means any or all of them;
Sample 1
Balloon Instalments means the Tranche A Balloon Instalment and the Tranche B Balloon Instalment and in the singular, means either of them;
Sample 1
Balloon Instalments has the meaning given to it in clause 4.1.1, as the same may reduce from time to time, and in the singular means each of them;
Sample 1

Related to Balloon Instalments

  • Balloon Instalment has the meaning given in Clause 8.1;

  • 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”.

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

  • Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).

  • Instalment Date means each date specified as such in the Final Terms.

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

  • Balloon means a non-power-driven lighter-than-air aircraft;

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

  • 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).

  • Bill Due Date means thirty (30) calendar days from the bill date.

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

  • 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.

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

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

  • Balloon Loan Any Mortgage Loan which, by its terms, does not fully amortize the principal balance thereof by its stated maturity and thus requires a payment at the stated maturity larger than the monthly payments due thereunder.

  • 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.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • 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.

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • 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.

  • 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.

  • 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.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.