Demand Instalment Loan definition

Demand Instalment Loan means an Instalment Loan that is payable upon demand. Such a Loan may be either at a fixed or a floating rate of interest.
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Demand Instalment Loan means a loan that is repayable in regular instalments (or interest only) as indicated in the Letter and is repayable in full upon demand, even if certain Facilities in the Letter indicate that regular instalments (or interest only) are payable and there is reference to a Last Regular Scheduled Payment Date. Such Demand Instalment Loan may be either a Fixed Rate Loan or a Variable Rate Loan.
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Demand Instalment Loan means an Instalment Loan that is a Demand Credit. “EBITDA” means, for any person for any period, the Net Income of such person on a consolidated basis for such period plus all amounts deducted in the calculation thereof on account of Interest Expense, taxes, depreciation and amortization and any extraordinary non-cash charges.
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Examples of Demand Instalment Loan in a sentence

  • If you have a Fixed Rate Demand Instalment Loan and we make demand for payment, you will owe us (i) all outstanding principal, (ii) interest, (iii) any other amount due under this Agreement, and (iv) a prepayment fee.

  • ACTION: AF to discuss with Suffolk Highways if it is acceptable to erect signage at the crossroads.

  • In the case of a Demand Instalment Loan, the Borrower shall make such consecutive periodic payments of principal as are specified with the entire balance of such loan repayable as provided below.

  • If the Credit Facility includes a Demand Instalment Loan, the Borrower may borrow up to the limit specified in respect of such loan at any time and the Bank may withdraw any unutilized portion thereof at any time without notice.

  • Loan Amount: (rounded to the nearest dollar) CDN$ 458,333.Purpose: This Facility is to be used for: Loan # 01081/8581150 required originally for the amount of $500,000 to finance equipment.Description: A non-revolving Demand Instalment Loan.

  • With respect to any Demand Instalment Loan, we will (unless and until you make demand for repayment) make the specified Instalment Payments.

  • We will draw down the Original Amount specified with respect to a Demand Instalment Loan, or such lesser amount as you may in your sole discretion determine, as soon as you confirm that such amount is available.

  • If the amount of any Blended Payment is insufficient to pay all interest then due on a Demand Instalment Loan, together with all outstanding principal over the Amortization Period specified, then the amount of the Blended Payments will be increased to an amount specified by you for such purposes.

  • Submissions should be presented in a digital file (Word, PDF, etc.) format and must include the following elements as part of their proposal: • COVER LETTERBriefly describe the proposed team structure, relevant experience, and qualifications.

  • Further disbursement of this loan is available for working capital needs and capital expenditure.Description A non-revolving Demand Instalment Loan.

Related to Demand Instalment Loan

  • Instalment Amount means, in respect of a Note and an Instalment Date, an amount determined by the Calculation Agent equal to the amount specified as such in the applicable Issue Terms or the amount determined in accordance with the formula or method for determining such amount specified therein.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

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

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • 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).

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Subsequent Interest Period has the meaning specified in Section 307.

  • B/A Equivalent Loan shall have the meaning assigned to such term in Section 2.22(h).

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.