Regular Payments means payments made by way of a series of equal instalments at the end of equal consecutive periods, not longer than one year each, as from the date upon which a money lending transaction or a credit transaction or a leasing transaction was concluded: Provided that for the purposes of this definition -
Regular Payments means any and all regularly scheduled payments of principal of and interest on the Obligations required to be made in accordance with their original terms and without regard to any subsequent amendment or modification thereof except amendments or modifications to which CIFG NA has given its prior written consent. Regular Payments shall include (i) with respect to any Distribution Date, (a) the amount, if any, by which the amount Policy Number CIFG NA-674Effective Date: December 30, 2005available to be paid as interest to the Obligations, pursuant to Section 5.02(c) in the Trust Agreement, is less than the Current Interest and Carryforward Interest allocable to the Obligations and (b) the amount of any Group 1 Applied Loss Amount allocated to the Obligations on such Distribution Date and (ii) to the extent unpaid on the Final Scheduled Distribution Date, after taking into account all distributions to be made on such date, any remaining Class Principal Amount of such Obligations. Regular Payments shall not include, nor shall coverage be provided under this Policy in respect of: (1) payments which become due on an accelerated basis as a result of (a) a default by the Depositor or any other person, (b) an election by the Depositor to make payment on an accelerated basis, (c) early or rapid amortization of the Obligations, (d) redemption for any reason, or (e) any other cause, unless CIFG NA shall elect, in its sole discretion, to pay any amount due upon such acceleration together with any accrued interest to the date of acceleration; (2) any amounts due in respect of the Obligations attributable to any increase in interest rate, penalty or other sum payable by the Trust Fund by reason of any default or event of default in respect of the Obligations, whether by the Depositor or any other person, or by reason of any deterioration of the creditworthiness of any other person, (3) any taxes, withholding or other charge imposed by any governmental authority due in connection with the payment of any Regular Payment to the Policyholder or (4) any amounts due in respect of the Obligations but unpaid as a result of any Net Prepayment Interest Shortfalls, any Relief Act Shortfalls or any Basis Risk Shortfalls.
Regular Payments. As defined in the Class II-A-2 Policy.
Examples of Regular Payments in a sentence
The Parties' Application on approving terms of "Regular Payments" Banking Service shall be submitted by the Client to the Bank already filled in and signed by the Client's authorized person, when Bank approves the Application for approving terms of "Regular Payments" Banking Service it is subsequently signing by Bank's authorized representatives.
At the same time, the Banking Service is provided solely with respect to the Client's Current Account(s) which is (are) specified in the Application for approving terms and conditions of "Regular Payments" Banking Service.
The application for approving the terms and conditions of "Regular Payments" Banking Services may be concluded for each Client's Current Account separately, or simultaneously for several or all Client's Current Accounts.
At this clause 5.3. of the Agreement, the Banking Service should be understood as "REGULAR PAYMENTS" Banking Service 5.3.1. Based on the Application for approving terms of "Regular Payments" Banking Service, the Client shall entrust the Bank with the right to write off money to execute Client's Regular Payments (as this term is specified in clause 5.3.3 of this Agreement) from Client's Current Account specified in the Application for approving Terms of "Regular Payments" Banking Services.
You will pay these amounts in Regular Payments beginning on the First Payment Date and continuing on each Payment Date until the Balance Due Date.
More Definitions of Regular Payments
Regular Payments means a monthly Payment into your Account made by direct debit in accordance with your application or your subsequent instructions to us.
Regular Payments. As defined in the Class A1A Policy.
Regular Payments. As defined in the Class A8 Certificate Insurance Policy or Class A9 Certificate Insurance Policy, as applicable.
Regular Payments means any and all regularly scheduled payments of principal of and interest on the Obligations required to be made (or which would have been required to be made in the absence of Applied Realized Losses) applied to such Obligations in accordance with their original terms and without regard to any subsequent amendment or modification thereof except amendments or modifications to which CIFG NA has given its prior written consent. Regular Payments shall include (i) with respect to any Distribution Date, the amount, if any, by which the amount available to be paid as interest to the Obligations, pursuant to the priority of payments set forth in the Pooling Agreement, is less than the Current Interest plus any Interest Carryforward Amount (calculated without regard to any Applied Realized Losses applied to such Class II-A-2 Certificates) payable to the Obligations and (ii) to the extent unpaid on the Final Scheduled Distribution Date, after taking into account all distributions to be made on such date, any remaining Certificate Principal Balance of such class of certificates. Regular Payments shall not include, nor shall coverage be provided under this Policy in respect of: (1) payments which become due on an accelerated basis as a result of (a) a default by the Issuer or any other person, (b) an election by the Issuer to make payment on an accelerated basis, (c) early or rapid amortization of the Obligations, (d) redemption for any reason other than the exercise by the master servicer or the majority holder of the Class CE Certificates of its optional termination right under the Pooling Agreement, or (e) any other cause, unless CIFG NA shall elect, in its sole discretion, to pay any amount due upon such acceleration together with any accrued interest to the date of acceleration; (2) any amounts due in respect of the Obligations attributable to any increase in interest rate, penalty or other sum payable by the Issuer by reason of any default or event of default in respect of the Obligations, whether by the Issuer or any other person, or by reason of any deterioration of the creditworthiness of any other person, (3) any taxes, withholding or other charge imposed by any governmental authority due in connection with the payment of any Regular Payment to the Policyholder or (4) any amounts due in respect of the Obligations but unpaid as a result of any Prepayment Interest Shortfalls, any shortfalls resulting from the application of the Relief Act or Basis Risk Shor...
Regular Payments means payment of interest and principal which are agreed to be made during the Term of this Policy in accordance with the original terms of the Obligations when issued and without regard to any amendment or modification of such Obligations thereafter; payments which become due on a accelerated basis as a result of (a) a default by the Issuer or any other person, (b) an election by the Issuer to pay principal or other amounts on an accelerated basis or (c) any other cause, shall no constitute “Regular Payments” unless CIFG NA shall elect, in its sole discretion, to pay such principal due upon such acceleration together with any accrued interest to the date of acceleration. “Term of this Policy” has the meaning set forth in Endorsement No. 1 hereto. This Policy sets forth in full the undertaking of CIFG NA, and shall not be modified, altered or affected by any other agreement or instrument, including any modification or amendment thereto or to the Obligations (except a contemporaneous or subsequent agreement or instrument given by CIFG NA or to which CIFG NA has given its written consent) or by the merger, consolidation or dissolution of the Issuer. The premiums paid in respect of this Policy are nonrefundable for any reason whatsoever, including payment, or provision being made for payment, of the Obligations prior to maturity. This Policy may not be cancelled or revoked during the Term of this Policy, including for nonpayment of premium due to CIFG NA. Payments under the Policy may not be accelerated except at the sole option of CIFG NA. In witness whereof, CIFG ASSURANCE NORTH AMERICA, INC. has caused this Policy to be executed on its behalf by its authorized Officer. By: ___________________________________________________________
Regular Payments means payments made by way of a series of equal instalments at the end of equal consecutive periods, not longer than one year each, as from the date upon which a money lending
Regular Payments shall have the meaning set forth in Section 6.2.