Last Installment definition

Last Installment means a payment totaling fifty (50) percent of the Settlement Amount, that is, three million, six hundred sixty-five thousand, three hundred seventy-five dollars ($3,665,375.00).
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Last Installment means the last installment in the amount equal to fifteen (15)% of the Initial Sublease Fee to be payable by the Sublessee to KMIC in accordance with the Installment Schedule.
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Examples of Last Installment in a sentence

  • The amount of the installment payable on the Last Installment Date shall be equal to the balance of the principal sum then outstanding, together with all interest accrued thereon.

  • For the avoidance of doubt and by way of example, if the CNA Parties’ First Installment were to be paid on December 31, 2010, its Last Installment would be due twenty (20) days later, on January 20, 2011.

  • In addition, the Company promises to pay to the order of the Director a monthly service fee equal to one-twelfth (1/12) of one percent (1.0%) of the principal balance outstanding from time to time under this Note (the “Service Fee”), and such Service Fee shall be due and payable on the first day of each calendar month commencing on the first day of the second month after the first Escrow Funding Date and continuing each following month until and including the Last Installment Date.

  • For the avoidance of doubt and by way of example, if Munich Re’s First Installment were to be paid on December 31, 2010, its Last Installment would be due twenty (20) days later, on January 20, 2011.

  • For the avoidance of doubt and by way of example, if, for example, Mutual Marine’s First Installment were to be paid on December 31, 2010, its Last Installment would be due twenty (20) days later, on January 20, 2011.

  • Borrower has requested that Bank waive the requirement under Section 8.7 that the Order be discharged, paid or satisfied within thirty (30) days as to the Last Installment which is not due until sixty (60) days after the effective date of the Order and that Advances be made prior to the date the Order is satisfied, paid and discharged so long as Borrower otherwise satisfies the applicable conditions to Advances as set for in the Loan Agreement.

  • If the reduction exceeds the Last Installment (the “Overpayment”), then the Seller shall, within ten (10) calendar days after such determination, pay to the Purchaser the Overpayment as a return of the Purchase Price.

  • The Sublessee shall complete the first stage of the factory construction within the Subject Lot, as set out in the Approvals on the factory construction to be obtained by the Sublessee, within three (3) years from the Last Installment Due Date.

  • If the Final Survey is completed at least [ten (10)] business days prior to the date on which the Last Installment is due and payable by Sublessee to Developer in Article 3.3.2 (“Last Installment Due Date”) and, if the Survey Size is different from the Initial Size, then Developer will provide a written notice to Sublessee as to the Survey Size and the Adjusted Sublease Fee at least [five (5)] business days prior to the Last Installment Due Date.

  • If the Final Survey is completed at least [ten (10)] business days prior to the date on which the Last Installment is due and payable by the Sublessee under the Installment Schedule (“Last Installment Due Date”) and if the Survey Size is different from the Initial Size, then KMIC will provide a written notice to the Sublessee as to the Survey Size and the Adjusted Sublease Fee at least [five (5)] business days prior to the Last Installment Due Date.

Related to Last Installment

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Installment Date as defined in Section 2.12.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Home improvement installment contract or "contract" means an agreement covering a home improvement installment sale, whether contained in 1 or more documents, together with any accompanying promissory note or other evidence of indebtedness, pursuant to which the buyer promises to pay in installments all or any part of the time sale price or prices of goods and services, or services. It does not include such an agreement:

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.