Prepaid Installment definition

Prepaid Installment. With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Prepayment with respect to such Mortgage Loan.
Prepaid Installment means the amount of the prepaid principal of the Long Term Rate portion which would have been paid on a single Original Payment Date.
Prepaid Installment means the amount of the prepaid or redeemed principal which would have been paid on a single Original Payment Date.

Examples of Prepaid Installment in a sentence

  • The Bank will first determine the amount of interest which would have accrued each month for the Prepaid Installment had it remained outstanding until the applicable Original Payment Date, using the interest rate applicable to the Prepaid Installment under this Note.

  • The Bank will then subtract from each monthly interest amount determined in (i) above, the amount of interest which would accrue for that Prepaid Installment if it were reinvested from the date of prepayment through the Original Payment Date, using the Treasury Rate.

  • You will use the Wi-Fi net of the bus at your own risk, and always must comply with the applicable regulations, without any liability from the company for any failure imputable to you because of the use of this net.

  • If (i) minus (ii) for the Prepaid Installment is greater than zero, the Bank will discount the monthly differences to the date of prepayment by the Treasury Rate.

  • The Noteholder will first determine the amount of interest which would have accrued on each annual period ending 1 at the rate of interest borne by the Note for the Prepaid Installment had it remained outstanding until the applicable Original Payment Date, using the interest rate applicable to the Prepaid Installment under this Agreement.


More Definitions of Prepaid Installment

Prepaid Installment. With respect to any Mortgage Loan, any Monthly Payment thereon received by the relevant Servicer prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Principal Prepayment or Curtailment with respect to such Mortgage Loan.
Prepaid Installment means the amount of the prepaid principal of a Term Rate Advance which would have been paid on a single Original Payment Date.
Prepaid Installment means the amount of the Principal Component of the Basic Rent Payments represented by the Series 2010C Certificates to be prepaid pursuant to the terms hereof which would have been paid on the Maturity Date.
Prepaid Installment means the portion of the prepaid principal of the Loan which would have been paid on a single Original Payment Date.
Prepaid Installment. With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due
Prepaid Installment. With respect to any Loan, any payment thereon received prior to the scheduled Due Date for such installment, intended by the Borrower as an early payment thereof and not as a Prepayment with respect to such Loan.
Prepaid Installment has the meaning set forth in Section 4.5(b) hereof.