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.

• If you have a Fixed Rate Demand Instalment Loan and we make demand for payment, you will owe us (i) all outstanding principal, (ii) interest, (iii) any other amount due under this Agreement, and (iv) a prepayment fee.

• Upon approval of the Card Instalment Loan Facility, whether in whole or in part, the amount approved (the Approved Funds Transfer Facility Amount) shall be credited into a Singapore dollar denominated bank account held by you as specified in your application.

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

• The first Monthly Instalment Amount shall be debited from the Card Account when the Card Instalment Loan Facility is approved.

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 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 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 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.

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