First Instalment definition
Examples of First Instalment in a sentence
The Deposit and the First Instalment paid to the Sellers (or any other payment made by the Buyer pursuant to clause 2.5 of this Agreement) shall be returned in full to the Buyer within Ten (10) Business Days upon this Agreement being automatically terminated pursuant to this clause.
Consequently, the Borrower hereby irrevocably instructs the Agent on behalf of the Lenders to pay the Second Instalment to SACE on the Drawdown Date in accordance with Clause 2.1(c) of this Agreement and to reimburse the Borrower by the Borrower drawing under the Loan the amount of the First Instalment in accordance with Clause 2.1(b) of this Agreement.
XI of the Building Contract, except were caused by Seaspan’s default under this Agreement), ▇▇▇▇▇ shall return to Seaspan the First Instalment and all monies on the Change Limit Trust Account (both as defined hereafter) including interest immediately; otherwise such funds are to remain with and be released to ▇▇▇▇▇.
The monthly instalments subsequent to the First Instalment shall fall due on such dates, in the following calendar months, corresponding to the date on which the CONTRACT is entered into by MOBOX and the CUSTOMER (e.g. if the CONTRACT is entered into on the 15th of July instalments shall be due on the 15th of each of August, September, etc.).
The First Instalment and Second Instalment each financed by the Loan will be repayable in any event by the Borrower to the Lenders in the manner specified in Clause 5 (Repayment) and under any and all circumstances including but without limitation in the event of prepayment or acceleration of the Loan.