Monthly Installments definition

Monthly Installments means the eighteen (18) approximately equal installments of principal and interest, each payable on the Monthly Payment Dates, in the amount necessary to fully amortize the Loan after the final payment of the Monthly Installment on the Maturity Date and based on the amount of principal and interest outstanding on the First Payment Date, which principal and interest shall have been reduced by any amounts forgiven that have been reimbursed to Lender by the SBA.

Monthly Installments has the meaning given that term in Section 2.2(a).

Monthly Installments. Monthly installments in the amount of $______ (based on a 25 year amortization schedule), (interest only), shall be due on the first day of each month (the "Monthly Payment Date") commencing on the first calendar day of the second month following the Closing Date. Such payments shall be applied first to interest with the remainder, if any, to be applied to principal. Interest will be applied on the basis of a 360-day year and 30-day month. Borrower shall pay at closing interest from and including the Closing Date to the first day of the first calendar month after the Closing Date occurs; interest paid at closing shall be calculated on the basis of a 365-day year and the actual number of days from the Closing Date to the first day of the first calendar month following closing. June 26, 1997 Page 1 141 1.7 Prepayment and Prepayment Fee: The Loan is closed to prepayment (the "Closed Period") until the third anniversary of the first Monthly Payment Date, each such annual period being hereinafter referred to as a "Loan Year". Borrower may prepay the Loan in full, but not in part, on any Monthly Payment Date after the Closed Period provided Borrower gives Lender 60 days' prior written notice and pays a prepayment fee (the "Prepayment Fee") calculated as follows: The greater of (a) 1% of the then-existing balance of the Loan, or (b) Yield Maintenance as defined below. In the event of a prepayment during the Closed Period resulting from a default, acceleration or any other reason, Borrower shall pay the Lender a prepayment fee (the "Default Prepayment Fee") calculated as follows: (a) 2% of the then existing balance of the Loan, plus (b) Yield Maintenance as defined below.

Examples of Monthly Installments in a sentence

• Monthly Installments of Base Rent shall be payable in advance on the first day of each calendar month of the Term.

• The Bank will explain to the customer upfront the method of calculation of interest and how the Equated Monthly Installments (EMI) or payments through any other mode of repayment will be appropriated against interest and principal due from the customers.

• If after expiration of the Term, Tenant remains in possession of the Premises with Landlord's permission (express or implied), Tenant shall become a tenant from month to month only, upon all the provisions of this Lease (except as to term and Base Rent), but the "Monthly Installments of Base Rent" payable by Tenant shall be increased to one hundred fifty percent (150%) of the Monthly Installments of Base Rent payable by Tenant at the expiration of the Term.

• The bank will explain to the customer upfront the method of calculation of interest and how the Equated Monthly Installments (EMI) or payments through any other mode of repayment will be appropriated against interest and principal due from the customers.

• If you accept a financing plan offer or offers for particular Transactions, such as Apple Card Monthly Installments, then the process below determines your Minimum Payment Due: • First, we calculate the payment due for your balances that are not in a financing plan.

More Definitions of Monthly Installments

Monthly Installments means the amount payable by the Borrower to the Lender comprising of the interest, or as the case may be, the Loan Amount and/or interest, at intervals as mentioned in the Loan Documents;

Monthly Installments. Means the monthly installment to be paid by the Borrower to the Chargee as the financier as provided under the Loan Agreement;

Monthly Installments of Annual Base Rent. Three Thousand Seven Hundred Forty Eight and 00/100 Dollars ($3,748.00). (Subject to adjustment in Addendum Paragraph 41).

Monthly Installments means equal monthly installments of interest that has accrued on the Loan Amount at the Applicable Rate for the prior calendar month determined in accordance with this Note.

Monthly Installments. Months 1 through 75: Eight thousand nine hundred forty one dollars and forty two cents ($8,941.42).

Monthly Installments. Borrower will make an installment payment on the 1th day of each month beginning March 1, 2019.

Monthly Installments. As set forth in Section II, Article 1 Periodic Rent Increase Date: N/A