Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.
Minimum Monthly Payment. For each Mortgage Loan, the scheduled payment of interest or principal and interest on a Mortgage Loan (which payment may be less than the amount of interest accrued on such Mortgage Loan due to the related Monthly Payment Adjustment Terms) (including any amounts due from a Buydown Fund, if any) which is due on the related Due Date for such Mortgage Loan.
Minimum Monthly Payment. With respect to any HELOC and any month, the minimum amount required to be paid by the related Mortgagor in such month. With respect to any HEL and any month, the scheduled monthly payment due on the related Due Date.
Examples of Minimum Monthly Payment in a sentence
The Letter of Credit shall be substantially in the form specified in Schedule-E and shall come into effect on the Appointed Date, and shall be modified once every year to reflect the revision in Minimum Monthly Payment in accordance with the provisions of this Agreement.
More Definitions of Minimum Monthly Payment
Minimum Monthly Payment. With respect to any Home Equity Loan and any month, the minimum amount required to be paid by the related Mortgagor in such month.
Minimum Monthly Payment. With respect to any Option ARM Mortgage Loan, the minimum payment required to be paid by a Mortgagor pursuant to the payment options under the related Mortgage Note on each Due Date.
Minimum Monthly Payment. With respect to any Mortgage Loan and any month, ----------------------- the minimum amount required to be paid by the related Mortgagor in that month.
Minimum Monthly Payment. For any Mortgage Loan, the product of (x) the related Payment Limit and (y) the related Fully Amortizing Monthly Payment.
Minimum Monthly Payment means, with respect to any Mortgage Loan and any month, the minimum amount required to be paid by the related Mortgagor in such month.
Minimum Monthly Payment. For each Mortgage Loan, the minimum Monthly Payment required to be paid by the Mortgagor pursuant to the terms of the related Mortgage Note.
Minimum Monthly Payment shall have the meaning as set forth in Clause 13.1.3; “Mis-declaration” shall have the meaning as set forth in Clause 11.5.5;