Basic Loan Payments definition

Basic Loan Payments means the loan payments payable by the Company to the Issuer, described under the subheading “Basic Loan Payments” in the Loan Agreement and the Promissory Notes.
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Basic Loan Payments shall have such meaning as set forth in Section 4.2 of the Loan Agreement.
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Basic Loan Payments shall have the meaning given to such term in Section 2.8 hereof.
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Examples of Basic Loan Payments in a sentence

  • The first and last Basic Loan Payments shall be due on the Commencement Date, and at Lender’s option, may be deducted from the Collateral Cost funded on the Advance Date.

  • The terms of payment of principal, premium and interest with respect to the Series 2010A Bonds (and the corresponding Basic Loan Payments under the Loan Agreement with respect to the Series 2010A Bonds) are hereby adopted by reference and made a part of this note as if set out herein in full.

  • Reference to this Cautionary Statement in the context of a forward-looking statement or statements shall be deemed to be a statement that any one or more of the following factors may cause actual results to differ materially from those in such forward-looking statement or statements.

  • The terms of payment of principal, premium and interest with respect to the Series 2010B Bonds (and the corresponding Basic Loan Payments under the Loan Agreement with respect to the Series 2010B Bonds) are hereby adopted by reference and made a part of this note as if set out herein in full.

  • The payments due on this note shall correspond to the Basic Loan Payments due under the Loan Agreement with respect to the Bonds.

  • In order to secure the payment of the principal of and the interest and premium (if any) on the Bonds, the Authority will pledge and assign under the Indenture the Authority's interest in this Loan Agreement (other than certain expense payment and indemnification rights and certain rights which are herein expressly provided to be exercised by the Authority), including particularly the "Basic Loan Payments" payable hereunder by the Company.

  • The terms of payment of principal, premium and interest with respect to the Bonds (and the corresponding Basic Loan Payments under the Loan Agreement with respect to the Bonds) are hereby adopted by reference and made a part of this note as if set out herein in full.

  • The payments due on this Series 2010A Note shall correspond to the Basic Loan Payments due under the Loan Agreement with respect to the Series 2010A Bonds.

  • No. R-______ $42,000,000 OXXX CORPORATION Series 2010 Note OXXX CORPORATION, a Virginia corporation (the “Corporation”), for value received, hereby promises to pay to Mississippi Business Finance Corporation, a Mississippi public corporation (the “Issuer”) or its assigns, amounts corresponding to the Basic Loan Payments as and when due under the Loan Agreement described below with respect to the Bonds described below, as provided in Section 4.2 of such Loan Agreement.


More Definitions of Basic Loan Payments

Basic Loan Payments means (i) the payments made by the Company pursuant to the provisions of Section 3.4 of the Loan Agreement, (ii) any other payments made by the Company pursuant to the Loan Agreement to provide for the payment of the principal of and the interest and premium (if any) on the Bonds (other than the aforesaid moneys payable pursuant to Section 3.4 of the Loan Agreement), and (iii) any other payments made by the Company pursuant to the Loan Agreement that are referred to herein as Basic Loan Payments.
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Basic Loan Payments means the amounts payable by the Company pursuant to Section 4.2(a) of the Loan Agreement. Bond shall mean the Original Bond, as amended and restated by the Amended and Restated Bond delivered pursuant to this Amended and Restated Financing Agreement.
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Related to Basic Loan Payments

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

  • 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.”

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • 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.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

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

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or the Collateral (as defined in any Indenture).

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Payments of Principal and Interest Payments of Principal and Interest. Promptly after each Regular Record Date, the Trustee will deliver to the Company and DTC a written notice specifying by CUSIP number the amount of interest, if any, to be paid on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with a Maturity Date) and the total of such amounts. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the daily bond reports published by Standard & Poor's. On such Interest Payment Date, the Company will pay to the Trustee, and the Trustee in turn will pay to DTC, such total amount of interest due (other than on the Maturity Date), at the times and in the manner set forth below under "Manner of Payment". If any Interest Payment Date for any Note is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Interest Payment Date.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).