Installment definition
Examples of Installment in a sentence
If an Installment Payment is payable for any period shorter or longer than a full Installment Payment Period, such Installment Payment shall be computed on the basis of the actual number of days elapsed per 30-day month.
Furthermore, if any date on which an Installment Payment is payable is not a Business Day, then payment of the Installment Payment on such date shall be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay.
Each Installment Payment for any Installment Payment Period shall be computed on the basis of a 360-day year of twelve 30-day months.
These calculations include, but are not limited to, determinations of Installment Payments, the Repurchase Price or the Redemption Price, if applicable, and accrued interest payable on the Notes.
The date on which the final Installment Payment on the Notes shall be due, unless the Notes are accelerated pursuant to the terms hereof or otherwise paid prior to maturity in connection with a Holder’s exercise of the Repurchase Right, shall be the Maturity Date.