Pre EMI definition

Pre EMI means the amount payable by the Borrower at the interest indicated on the Loan from the Effective Date to the date immediately prior to the date of commencement of instalment.
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Pre EMI means, the interest on the Loan payable for the period starting from the respective date/ date(s) of Disbursement up to the date from which the interest becomes payable as part of the EMIs.
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Pre EMI means the repayment of interest calculated on the Loan during the Moratorium period, if any before the commencement of repayment of EMIs/ Installment(s) fixed by the Bank.
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Examples of Pre EMI in a sentence

  • Xxxxxxxx hereby gives his / her consent for deduction of the Pre EMI amount from the loan amount being disbursed.

  • The Lender may at its discretion grant an option to the Borrower to service only the Interest component, which option would be available only till the Pre- EMI End Date or such earlier date as intimated by the Lender.

  • Till the regular EMIs are made, the Borrower shall pay the Pre- EMI interest as mentioned in the Schedule 2 of this Agreement.

  • Pending commencement of EMIs, Pre- EMI Interest is payable every month.

  • Rossmann (1950) mentions dimmerfoehn very briefly, insinuating that it occurs only in the Glarus Alps.

  • However, the Pre EMI will be collected on 4th of December, along with the first EMI.

  • The first instalment may be different depending on the date of disbursal known as Pre EMI.

  • We have opted for servicing of Pre -EMI interest and have already delivered or hereby undertake to deliver p ost-dated cheques drawn at monthly intervals for servicing of the amounts of Pre -EMI interest during the moratorium period.

  • However, the Pre EMI will be collected on 4th of December, along with the first EMI).

  • Pre- EMI Interest is payable every month from date of each Disbursement up to date of commencement of EMI.

Related to Pre EMI

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Credited Service means the member's total period of service

  • Grandfathered Service means service which is no longer available for new customers and is limited to the current customer at their current locations with certain provisioning limitations, including but not limited to upgrade denials, feature adds/changes and responsible/billing party.

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Accrued Benefit have the meanings specified in ERISA.

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Years of Service means the total number of full years in which a Participant has been employed by one or more Employers. For purposes of this definition, a year of employment shall be a 365 day period (or 366 day period in the case of a leap year) that, for the first year of employment, commences on the Employee's date of hiring and that, for any subsequent year, commences on an anniversary of that hiring date. Any partial year of employment shall not be counted.

  • Eligible Executive means any employee of the Company or an Affiliate of the Company who (i) is designated by the Committee as an “Eligible Executive” who is eligible to participate in the Plan; (ii) has executed and returned a Participation Agreement to the Company; (iii) is not covered under any other severance plan, policy, program or arrangement sponsored or maintained by the Company or any of its Affiliates; and (iv) is not a party to an employment or severance agreement with the Company or any of its Affiliates pursuant to which such employee is eligible for severance payments or benefits. The Committee shall have the sole discretion to determine whether an employee is an Eligible Executive. Eligible Executives shall be limited to a select group of management or highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Female employee means an employed female who is pregnant or is caring for a child she has borne or a child who has been placed with her for adoption purposes.

  • SERP Benefit means the benefit described in Section 5.1.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.