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 to it in Section 2.2(d).
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.
Examples of Monthly Installments in a sentence
Within five (5) business days after the Effective Date, Lessee shall pay County the total of the Monthly Installments due for the period between the Commencement Date and the Effective Date.
More Definitions of Monthly Installments
Monthly Installments or “EMIs”, means the amount repaid every month by the Customer to BFL comprising of interest, or as the case may be, principal amount of the Loan and/or interest;
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 means monthly installment payments calculated in the following manner. Each monthly installment shall be equal to the Participant's Account Balance as of the date of the Participant's Retirement, death, Disability or Termination of Employment, divided by the number of months over which the elected monthly installment payments shall be paid. The Participant's Account Balance remaining after each payment shall be appropriately adjusted to reflect the appreciation or depreciation in value and the net income or loss on the funds which remain in the Deferral Account.
Monthly Installments. Months 1 through 75: Eight thousand nine hundred forty one dollars and forty two cents ($8,941.42).
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:
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).