Final Balloon Payment definition

Final Balloon Payment means an amount of thirty nine million two hundred thousand Dollars ($39,200,000), less any voluntary cancellation pursuant to Clause 2.4.2 or any mandatory prepayment pursuant to Clause 2.4.3 or Clause 2.4.4, which shall be payable on the Termination Date.
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Examples of Final Balloon Payment in a sentence

  • On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two million five hundred thousand Dollars ($2,500,000), which shall leave the Final Balloon Payment as being payable on the Termination Date.

  • On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by five million two hundred thousand Dollars ($5,200,000), which shall leave the Final Balloon Payment as being payable on the Termination Date.

  • On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two million one hundred and fifty thousand Dollars ($2,150,000), which shall leave the Final Balloon Payment as being payable on the Termination Date.

  • On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by seven million three hundred thousand Dollars ($7,300,000), which shall leave the Final Balloon Payment as being payable on the Termination Date.

  • On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by five million one hundred and fifty thousand Dollars ($5,150,000), which shall leave the Final Balloon Payment as being payable on the Termination Date.

  • Installment Payment with Final Balloon Payment is the same (paying the loan in periodic installments), with the addition of one large balloon payment to be paid on the final due date.