Capital and Interest definition

Capital and Interest. Repayment is specified in the Key Terms, unless you choose, or are required under this Loan Agreement, to repay the Loan earlier, you will pay the instalments specified in the Key Terms (or, if less, the amount of the Loan then outstanding) on each Payment Date, starting on the Repayment Commencement Date set out in the Key Terms. Each instalment shall include interest accrued but unpaid in respect of the Loan and shall be applied first in paying that interest and second towards repayment of the Loan. On the date of the last such instalment, you will pay all other amounts payable under this Loan Agreement (to the extent not already paid) including, without limitation, any Exit Fee specified in the Key Terms. The Lender reserves the right to vary the amount of the instalments payable as it determines in its absolute discretion if it considers it necessary to ensure that the Loan and all interest and other amounts payable under this Loan Agreement are discharged in full at the end of the Term. The Lender will promptly notify you if it varies the instalments payable under this paragraph 4.2. During the period prior to the Repayment Commencement Date, you will pay interest accruing on the Loan in accordance with the applicable provisions of paragraph 5 and, if applicable, paragraph 24.
View Source

Examples of Capital and Interest in a sentence

  • In addition, although the stated principal amount of the Note shall be equal to the Commitment amount of the Lender, such Note shall be enforceable with respect to the Borrower’s obligation to pay the principal thereof only to the extent of the unpaid principal amount of the Capital and Interest and all other amounts outstanding hereunder and thereunder at the time such enforcement shall be sought.

  • Such agreement shall detail who is financially responsible for such certifications.

  • To be inserted if the loan is Bullet Repayment and Capital and Interest is accrued.

  • Any outstanding Capital and Interest payments to be paid at termination of the lease or end of the term if appropriate.

  • Capital and Interest Repayments Capital Repayments, Interest Applied to a Separate Account All Equal and Regular Repayment Loans irrespective of whether interest is compounded or applied to a separate account.

  • Additional Changes to be made if Loan is repaid by Equal and Regular instalments and Capital and Interest is accrued AND there is to be a Capital Repayment holiday (Interest during the Capital Holiday accrued to the Loan Account) Additional Changes to be made if Loan repaid by Equal and Regular instalments and Capital and Interest is accrued AND there is to be a Capital Repayment holiday (Interest during the Capital Holiday accrued to a Separate Account.

  • The Repayments of Capital and Interest for the period ending 31st December 2021 are planned in the Company’s forward - looking projections and will be made on or before that date.

  • Based on the newly approved Level I Allocation, the Allocation Holder is responsible for three (3) percent of the Total Capital and Interest Costs, totaling $200,437.80 (i.e. 3% x $6,681,259.94).

  • Based on the increase in Level I Allocation, the Allocation Holders are responsible for seven and two tenths (7.2) percent of the Total Capital and Interest Costs, totaling $481,050.72 (i.e. 7.2% x $6,681,259.94).

  • Option Two - Time Charterparty 40 days at $11,250 per day delivery St Petersburg and redelivery Antwerp/Hamburg Range (AHA) Finance Cost (Capital and Interest) - $7,000 per day Operating Costs (Crew, insurance, maintenance etc.) - $4,000 per day Fuel Costs - 15 knots at 25 tpd at $100 pt.