Basic Loan Payment definition

Basic Loan Payment means the amount indicated as the Basic Loan Payment, due monthly in advance or in arrears, as set forth in the applicable Request for Advance and Loan Schedule.
View Source
Basic Loan Payment means, as of each Basic Loan Payment Date, (i) the amount set forth in Schedule B to Exhibit A to the Loan Agreement corresponding to such regularly scheduled Basic Loan Payment Dates and designated as a Basic Loan Payment, as the same may be restated in accordance with the terms of the Loan Agreement, consisting of a Principal Portion and an Interest Portion, and (ii) upon prepayment or acceleration, the payment of all or a portion of the Purchase Option Price or Mandatory Purchase Price as set forth in the Loan.
View Source

Examples of Basic Loan Payment in a sentence

  • Except as may otherwise be provided in any Loan Schedule, Basic Loan Payment shall begin to accrue on the Commencement Date and shall be due and payable by Borrower on the first day of each period (advance) or the last day (arrears) of each period, as set forth in the applicable Loan Schedule.

  • In addition to the Basic Loan Payment Borrower shall pay Daily Loan Payment due as indicated in this Loan Agreement, or on any Loan Schedule, or any Rider hereto or thereto.

  • The Basic Loan Payment payable hereunder during the Basic Loan Term is as set forth in the Loan Schedule.

  • Any overdue Basic Loan Payment shall bear interest from the related Bond Payment Date until paid at the Post-Default Rate ford overdue Debt Service payments.

  • Lender shall provide a Notification of Schedule Adjustment to Borrower should the Basic Loan Payment be adjusted as provided for in Paragraph 8 above.

  • Lender and Borrower agree that the Basic Loan Payment described herein is based on a Loan Rate Factor of 2.7196% which equates to $27.196 for each full $1,000 of the Advance.

  • Lender and Borrower further agree that the Basic Loan Payment and Loan Rate Factor described herein may be adjusted in accordance with the provisions of Section 4(a) of the Loan.

  • Lender and Borrower further agree that the Basic Loan Payment and Loan Rate Factor described herein may be adjusted in accordance with the provisions of Section 1(c) of the Master Loan and Security Agreement.

  • The Basic Loan Payment is conditional upon Lender acquiring the Collateral at the Collateral Cost indicated above.

  • Lender shall provide a Notification of Schedule Adjustment to Borrower should the Commencement Date or the Basic Loan Payment be adjusted as provided for in Paragraph9 above.

Related to Basic Loan Payment

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

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