Examples of Installment Due Date in a sentence
The amount of each monthly installment of interest only payable pursuant to this Subsection 3(d)(i) on an Installment Due Date shall vary, and shall equal $__________ [insert the per diem amount derived by multiplying the original principal balance of the Loan by the Fixed Interest Rate and dividing the product by 360] multiplied by the number of days in the month prior to the Installment Due Date.
If Lender, or Loan Servicer on Lender’s behalf, withdraws funds from the Rental Achievement Reserve Fund, then Lender will apply the funds as of the next Installment Due Date to reduce the unpaid principal balance of the Loan.
Subject to Section 4.04(b), on each Installment Due Date until the Loan is paid in full, Borrower will pay the Monthly Replacement Reserve Deposit to Lender for deposit into the Replacement Reserve Fund.
If an Installment Due Date (as defined in Section 1(a)) falls on a day which is not a Business Day, then with respect to payments made under this Section 10 only, (A) the term “Installment Due Date” will mean the Business Day immediately preceding the scheduled Installment Due Date and (B) the calculation of any required prepayment premium will be made as if the prepayment had actually been made on the scheduled Installment Due Date.
Prepayment Structure Prepayment Charge 1%, with a Lockout Period from the Effective Date through the day before the 12th Installment Due Date After expiration of the Lockout Period, the Prepayment Charge is 1% of the principal being prepaid.