Loan Instalment definition

Loan Instalment means any obligation of a Debtor under a Loan Contract to pay principal, interest, fees, costs, prepayment penalties (if any), and default interest owed under any relevant Loan Contract or any Related Collateral relating to any of the foregoing;
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Loan Instalment means, in relation to a Mortgage, each payment (whether of principal, interest or both) due to be made in respect of that Mortgage on a periodic or regular basis.
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Loan Instalment has the meaning given to that term in Clause 7.1;
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Examples of Loan Instalment in a sentence

  • Such records shall describe the entity's activities in monitoring delinquent loans including, for example, phone calls, letters and Loan Instalment rescheduling plans in cases where the delinquency is deemed temporary (eg illness or unemployment).

  • Loan Instalment Care is based on 35% per annum (2017: 35%).Surrender volume and values: Loan Plus surrender volumes are based on a sliding scale which is modelled from actual experience adjusted for expected future experience.

  • Loan Instalment and Principal·−− · −−First, we calculate the value of a single instalment π.

  • Name/Description of the Product Consumer Loan Term (Repayment Period) of the Loan Amount of the Loan (TL) Loan Instalment Amount (TL) Total Repayment Amount (TL) BITT Rate (%) Banking and Insurance Transactions Tax; shall be charged at the rate of 10% based on cost, fee, and interest amounts within the scope of the taxes and funds paid to the State.

  • Computer software is being amortised on a straight line basis using rates between 10% to 36% per annum.Other intangible assets represent the future profits to be earned from existing customers acquired in the acquisition of the Loan Instalment Care ("LIC")business.

  • A Home Loan Instalment will in the beginning be more than a rental payment and will every now- and-again increase or decrease as interest rates go up and down.

  • If the last Friday of the month happens to be a holiday, the preceding working day shall normally be the payday.Payments of Total Monthly Compensation shall be made net of all statutory and other deductions, such as Provident Fund, Income Tax (TDS), Loan Instalment, etc., as per legal and other requirements in force.

  • Interest on the Second Instalment and the Second Loan Instalment shall in each case accrue and be calculated (but not compounded) on a daily basis, both before and after judgment, at the rate of 3% per annum above the base rate from time to time of Barclays Bank plc in respect of the period commencing on the Completion Date and ending on and including the Second Instalment Payment Date or, if earlier, the date on which the Second Instalment is paid.

  • The operations comprise the selling, underwriting and administration of its Life Plus, Loan Plus, and Loan Instalment Care (“LIC”) life insurance contracts.

  • It is essentially an apportionment of yearly Income Tax liability over 12 months.88 Use of Spreadsheet in Business Application  Recovery of Loan Instalment (LOAN) : Any amount signified by the employee for deduction on account of any loan taken up by him/her. Any Other Deduction : It may include any other deduction not included above such as Recovery of “Advance against Salary”, deductions on account of “Food Grain Advance”, “Festival Advance”, etc.


More Definitions of Loan Instalment

Loan Instalment means, with respect to each Loan Agreement, from which the Receivables are originated, the amount corresponding to the total amount due on a monthly basis by the relevant Debtor.
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Loan Instalment means any obligation of a Debtor under an Auto Loan Contract to make a scheduled payment of principal (including, without limitation, in respect of any Auto Loan Contract which is a Balloon Loan, any Balloon Amount), interest, arrears, fees or costs under any relevant Auto Loan Contract or any Related Collateral relating to any of the foregoing;
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Loan Instalment. : shall mean the monthly loan instalment due to Bayport in terms of the Credit Agreement, excluding any instalments which are in arrears and any interest due in relation to such instalments which is due for payment prior to the date upon which a Claim becomes payable under the Policy.
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Related to Loan Instalment

  • Balloon Instalment has the meaning given in Clause 8.1;

  • Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

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

  • Instalment Date means each date specified as such in the Final Terms.

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Loan Date means the date of the Loan Agreement as set forth in Exhibit A.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Drawdown means a drawdown of a Facility.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • 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.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Payable in installments means that payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment excluding the down payment, a transaction is “payable in installments”.

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that: