Instalment Loan definition

Instalment Loan means a loan that is repayable either in fixed instalments of principal, plus interest, or in blended instalments of both principal and interest. A Demand Instalment Loan is repayable on demand. A Committed Instalment Loan is repayable only upon the occurrence of an Event of Default.

Instalment Loan has the meaning given to it in Clause 4.1(c).

Instalment Loan has the meaning ascribed thereto in the Prospectus;

Examples of Instalment Loan in a sentence

• You may prepay all or part of a Floating Rate Instalment Loan (whether it is a Demand or a Committed Loan) at any time without notice or penalty.

• Interest on the Card Instalment Loan Facility calculated at such rate specified by us shall be payable on the Approved Funds Transfer Facility Amount.

• You may at any time apply for the Plus! Card Instalment Loan Facility (the Card Instalment Loan Facility), subject to the Plus! Credit Cardmembers Agreement and any other rules, procedures or instructions which we may issue.

• Each application for the Card Instalment Loan Facility is subject to (i) a minimum amount specified by us to be applied for under the Card Instalment Loan Facility and (ii) the amount applied for and the interest to be charged, not exceeding the available credit limit of your Card Account less the Processing Fee (as defined below) at the time of the application for the Card Instalment Loan Facility.

• Upon approval of the Card Instalment Loan Facility, your Credit Limit shall be reduced by the Aggregate Instalment Amount (as defined below).

More Definitions of Instalment Loan

Instalment Loan means a loan that is repayable either in fixed instalments of principal, plus interest, or in blended instalments of both principal and interest, and that (notwithstanding any such specified instalments) is repayable on demand by CIBC at any time if so specified in this Agreement.

Instalment Loan means the outstanding principal amount of each drawdown of a loan made under Part A of these terms. It includes a top up loan.

Instalment Loan means an instalment loan granted by us to you in accordance with these Instalment Loan Terms and Conditions.

Instalment Loan means an instalment credit, other than an instalment sale, in the form of a loan which is in a principal amount of $1,500 or less; but the definition does not include any loan u p on th e se c u r ity o j any obligation which arises out of any instalment sale or instalment loan.

Instalment Loan. ’ means the term loan to be obtained by RESREIT on Closing from a Canadian chartered bank and to be secured by RESREIT’s rights and entitlements under pledges of the Receipt Units sold by RESREIT pursuant to the Offering referred to under the heading ‘‘Use of Proceeds’’.

Instalment Loan means an instalment credit, other than an instalment sale, in the form o f a loan which is in a principal amount o f $5,000 or less; !l but the definition does not include any loan upon the security o f any obligation which arises out of any instalment sale or instalmept loan.

Instalment Loan means a loan that is repayable either in fixed instalments of principal, plus interest, or in blended instalments of both principal and interest, and may be either a Demand Credit or a Committed Credit as provided in the Letter.