Monthly Repayment Amount definition

Monthly Repayment Amount shall be a fixed equal amount including a portion of the principal and monthly payable interest. In which, the monthly payable interest is the interest arising within a month calculated on the decreasing outstanding balance of the Facilities (the formula of interest calculation is specified in Article 2 of these General Terms and Conditions) and the monthly payable principal shall be the difference of the Monthly Repayment Amount and the monthly payable interest of the corresponding month.

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Monthly Repayment Amount means, in relation to any Repayment Date, the monthly amortization instalment amount for such Repayment Date set forth on Schedule 1.1(b) hereto, as such Schedule 1.1(b) may be revised and replaced by the Lender from time to time based on the actual amount Advanced to the Borrower in respect of any Tranche; the Lender shall promptly provide the Borrower with any subsequent, replacement Schedule 1.1(b).

Examples of Monthly Repayment Amount in a sentence

On the first business day of each calendar month commencing as of July 1, 2005, Tenant shall provide to Landlord, together with Tenant's monthly payment of Rent under the Lease, an amendment or a replacement to the Letter of Credit evidencing that the amount available under the Letter of Credit has been increased by the Monthly Repayment Amount payable for such calendar month.
The Borrower agrees to repay the total amount in [Insert Number] monthly installments of $[Insert Monthly Repayment Amount] each.
The Borrower clearly understands and accepts that when the Funding Cost changes, the value of the Monthly Repayment Amount will change accordingly.
Provided always that, the Bank shall reserve rights to adjust the Monthly Repayment Amount as the Bank deems appropriate in accordance with this Agreement and the applicable laws and regulations.
When the change of the Funding Cost leads to changes of the Loan Interest Rate and the Monthly Repayment Amount, the Bank shall notify the Borrower of the changed Loan Interest Rate together with the new Monthly Repayment Amount, and such notice shall be binding to the Borrower.
Any service charges incurred for vehicle-related equipment will also be incorporated into the Monthly Repayment Amount charged to Agency.
The Monthly Repayment Amount and other Payment Obligations payable by the Borrower (if any) shall be due on the Monthly Repayment Date and paid in full and timely by the Borrower to the Bank until the Borrower’s complete discharge of all of its Payment Obligations toward the Bank.
With respect to the overdue Monthly Repayment Amount when the Borrower are incapable of paying the entire Monthly Repayment Amount, the Bank shall collect debts in the following order: (i) overdue principal, (ii) interest on the overdue principal (both in-term and default interest), (iii) principal (on due), (iv) unpaid interest on the due principal, (v) default interest on overdue interest, or in another order as stipulated by law at the collection time.
These costs will be incorporated into the Monthly Repayment Amount charged to Agency.
The Borrower shall on each Monthly Repayment Date repay the Loan in instalments by paying the Monthly Repayment Amount to the Lender as specified in a fully-amortising repayment schedule (the “Repayment Schedule”) as attached as Schedule B.

More Definitions of Monthly Repayment Amount

Monthly Repayment Amount means, in relation to any Repayment Date, an amount equal to: [*];

Monthly Repayment Amount means, in relation to any Repayment Date, an amount equal to: [information intentionally deleted];

Monthly Repayment Amount means the respective amount payable by the Borrower to the Lender on each Monthly Repayment Date as set out in the Loan Facility Terms above;

Monthly Repayment Amount means the amount provisionally calculated as the principal and interest payable monthly by the Borrower to the Bank via the Repayment Account on the Monthly Repayment Date. The Monthly Repayment Amount shall be notified by the Bank to the Borrower within seven (7) Business Days after the Utilization Date. Monthly Repayment Date: means, unless otherwise agreed by the parties, the date be determined as follows: the 25th day of each month as agreed by the Bank and the Borrower and stated in the relevant Notice of Utilization and Debt Assumption. In the event the Monthly Repayment Date in a given month is not a Business Day, the Monthly Repayment Date in that month shall be the first Business Day immediately after such date.

Monthly Repayment Amount means, in relation to any Repayment Date, an amount equal to: (i) the quotient of: the Original Principal Balance divided by 12, divided by (ii) the product of: the Spot Price multiplied by 0.75; By way of example, assuming that all of the Advances are advanced such that the Original Principal Balance is $8,000,000.00 and the relevant Spot Price is $1,650.00, the Monthly Repayment Amount would be 538.7205 ounces of Gold, as demonstrated by the following example calculation: Example (assuming $8,000,000 drawn and a $1,650.00 spot price): [($1,650.00 X 0.75)] For the avoidance of doubt, on each Repayment Date, the Borrower shall be required to pay the Profit Participation Amount for such Repayment Date in addition to the Monthly Repayment Amount, as set out in Section 3.1.