Regularly Scheduled Payments definition

Regularly Scheduled Payments. The Issuer shall repay the Note in full on August 31, 2015 (the “Maturity Date”), together with all accrued and unpaid interest thereon and all other obligations arising under this Note that are due and payable at such time.
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Regularly Scheduled Payments means principal and interest payments on any Debt on the maturity or due date or any scheduled mandatory redemption date, but shall not, in any case, include amounts payable as a result of prepayment or other early payment resulting from a default, an early termination event, or any other similar event or contingency. For the avoidance of doubt, voluntary prepayments, other than in those situations described in the prior sentence, and Basic Loan Payments shall be treated as Regularly Scheduled Payments.
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Regularly Scheduled Payments means only the following: (i) if the Maturity Date is extended to a date on or after the Fleet Payment Date, and so long as Borrower has timely delivered the No Default Certificate and has not delivered (and has not been obligated to deliver) an Updated Certificate of Default and Borrower is not in Default immediately before or immediately after giving effect to such payment, the Fleet Payment; and (ii) on each February 28, May 29, August 29 and November 29 (or within any applicable cure period) through and including August 29, 2004, and the first day of each calendar month from and after October 1, 2004 (or within any applicable cure period) during the term of the Fleet Agreement, interest on the Fleet Notes. The parties hereby agree that this clarification regarding what payments of Subordinated Indebtedness pursuant to the Fleet Agreement constitute "regularly scheduled payments" is not intended to modify the rights and obligations of Fleet National Bank (and any of its successors and assigns) or any of the other lenders party to the Fleet Agreement and Borrower, or the rights of the Banks and the Agent, pursuant to or arising out of the Subordinated Indebtedness pursuant to the Fleet Agreement; provided that nothing herein shall be construed to be a consent by the Banks (in their capacity as Banks under this Agreement) and the Agent to any payment of any Subordinated Indebtedness that is prohibited by this Agreement.
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Examples of Regularly Scheduled Payments in a sentence

  • After the Interest Adjustment Date, you will begin to make Regularly Scheduled Payments, starting on the First Regular Payment Date, and continuing on each subsequent Regularly Scheduled Payment Date thereafter, until the end of the Term.

  • For additional details regarding your Regularly Scheduled Payments, please refer to your Additional Provisions.

  • If your Mortgage allows the skip-a-payment feature, you can skip up to four of your Regularly Scheduled Payments during the period in which any amount remains outstanding under the Loan.

  • If, for any reason, you do not pay the Property Taxes when required, we may require that you pay them as part of your Regularly Scheduled Payments.

  • OR For Variable Rate Loans:As your Interest Rate changes over time, your Regularly Scheduled Payments will also change accordingly.

  • If your Loan allows the skip-a-payment feature, you can skip up to four (4) of your Regularly Scheduled Payments during the period in which any amount remains outstanding under the Loan.

  • You promise to pay Compound Interest at the same frequency as the Regularly Scheduled Payments until the outstanding balance of the Mortgage, and any unpaid interest, is paid in full.

  • OR For Lines of Credit and Redrawable Hypothecs:As your Interest Rate changes over time, your Regularly Scheduled Payments will also change accordingly.

  • You promise to pay Compound Interest at the same frequency as the applicable Regularly Scheduled Payments until the outstanding balance of the Loan, and any unpaid interest, is paid in full.

  • After the Interest Only Expiry Date, your Loan automatically converts to an amortizing loan, and depending on your outstanding balance, Regularly Scheduled Payments will be adjusted to cover both Principal and interest.


More Definitions of Regularly Scheduled Payments

Regularly Scheduled Payments means any payments of the City pursuant to a Derivative Product, which are not Non-Scheduled Payments and are scheduled (at the time such Derivative Product is executed) for payment on Obligation Payment Dates related to interest payment dates for the Series 2016 Obligations and which are intended to be “interest-like” when the interest on the Series 2016 Obligations and such payments are viewed together.
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Regularly Scheduled Payments means any payments scheduled (at the time such Derivative Agreement is executed) for payment on dates corresponding to interest payment dates with respect to the related Derivative Indebtedness and which are intended to be “interest-like” when the interest on the related Derivative Indebtedness and such payments are viewed together.
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Regularly Scheduled Payments means any payments on a Permitted Swap Agreement scheduled (at the time such Permitted Swap Agreement is executed) for payment on dates related to interest payment dates in respect of the Certificates (or other Debt of the District) and which are intended to be “interest like” when the interest in respect of the Certificates (or other Debt of the District) and such payments are reviewed together.
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Related to Regularly Scheduled Payments

  • Scheduled Payments means, as to each Insured Distribution Date, payments which are required to be made to Holders in accordance with the original terms of the Obligations when issued and without regard to any subsequent amendment or modification of the Obligations or of the Indenture except amendments or modifications to which Financial Security has given its prior written consent, which payments are (i) the Noteholders' Interest Distributable Amount with respect to the related Distribution Date, (ii) the Noteholders' Remaining Parity Deficit Amount with respect to the related Distribution Date and (iii) with respect to the Final Scheduled Distribution Date for any class of Obligations, the outstanding principal amount of such class on such Final Scheduled Distribution Date, after taking into account reductions on such Date of such outstanding principal amount from all sources other than this Policy. Scheduled Payments do not include payments which become due on an accelerated basis as a result of (a) a default by the Obligor, (b) an election by the Obligor to pay principal on an accelerated basis, (c) the occurrence of an Event of Default under the Indenture or (d) any other cause, unless Financial Security elects, in its sole discretion, to pay in whole or in part such principal due upon acceleration, together with any accrued interest to the date of acceleration. In the event Financial Security does not so elect, this Policy will continue to guarantee payment on the Obligations in accordance with their original terms. Scheduled Payments shall not include (x) any portion of a Noteholders' Interest Distributable Amount due to Holders because the appropriate notice and certificate for payment in proper form as required by paragraph 2 hereof was not timely Received by Financial Security, (y) any portion of a Noteholders' Interest Distributable Amount due to Holders representing interest on any Noteholders' Interest Carryover Amount accrued from and including the date of payment of the amount of such Noteholders' Interest Carryover Amount pursuant hereto or (z) any Note Prepayment Amounts, unless Financial Security elects, in its sole discretion, to pay such amount in whole or in part. Scheduled Payments shall not include any amounts due in respect of the Obligations attributable to any increase in interest rate, penalty or other sum payable by the Obligor by reason of any default or event of default in respect of the Obligations, or by reason of any deterioration of the credit worthiness of the Obligor, nor shall Scheduled Payments include, nor shall coverage be provided under this Policy in respect of, any taxes, withholding or other charge with respect to any Holder imposed by any governmental authority due in connection with the payment of any Scheduled Payment to a Holder.

  • Scheduled Payment The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified herein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Unscheduled Payments With respect to any Distribution Date, all payments and collections received with respect to the Whole Loan or upon foreclosure or liquidation of the Property (net of related foreclosure expenses and Liquidation Expenses) during the related Collection Period including, but not limited to, prepayments due to acceleration of the Whole Loan, Net Liquidation Proceeds, Net Foreclosure Proceeds, Condemnation Proceeds, Insurance Proceeds, voluntary prepayments and other payments and collections on the Trust Loan or Whole Loan, as applicable, not scheduled to be received, other than Monthly Payments or any Balloon Payment.

  • Remaining Scheduled Payments means, with respect to the Called Principal of any Note, all payments of such Called Principal and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on which interest payments are due to be made under the Notes, then the amount of the next succeeding scheduled interest payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such Settlement Date pursuant to Section 8.2 or Section 12.1.

  • Overdue Scheduled Payment means any Scheduled Payment which is not in fact received by the Subordination Agent within five days after the Scheduled Payment Date relating thereto.

  • Final Scheduled Payment Date means the Class A-1 Final Scheduled Payment Date, the Class A-2a Final Scheduled Payment Date, the Class A-2b Final Scheduled Payment Date, the Class A-3 Final Scheduled Payment Date, the Class A-4 Final Scheduled Payment Date or the Class B Final Scheduled Payment Date, as the context requires.

  • Assumed Scheduled Payment means: (i) with respect to any Balloon Mortgage Loan as to which advancing is required hereunder for its Maturity Date (provided that such Balloon Mortgage Loan has not been paid in full, and no Final Recovery Determination or other sale or liquidation has occurred in respect thereof, on or before the end of the Collection Period in which such Maturity Date occurs) and for any subsequent Due Date therefor as of which such Balloon Mortgage Loan remains outstanding and part of the Trust, if no Scheduled Payment (other than the related delinquent Balloon Payment) is due for such Due Date, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Scheduled Payment that would have been due in respect of such Balloon Mortgage Loan on such Due Date, if it had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule in effect immediately prior to, and without regard to the occurrence of, its most recent Maturity Date (as such may have been extended in connection with a bankruptcy or similar proceeding involving the related Mortgagor or a modification, waiver or amendment of such Balloon Mortgage Loan granted or agreed to by the Master Servicer or the Special Servicer pursuant to the terms hereof), and (ii) with respect to any REO Mortgage Loan for any Due Date therefor as of which the related REO Property or an interest therein remains part of the Trust, the scheduled monthly payment of principal and interest deemed to be due in respect thereof on such Due Date equal to the Scheduled Payment (or, in the case of a Balloon Mortgage Loan described in clause (i) of this definition, the Assumed Scheduled Payment) that was due in respect of the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan. The amount of the Assumed Scheduled Payment for any A Note shall be calculated solely by reference to the terms of such A Note (as modified in connection with any bankruptcy or similar proceeding involving the related Mortgagor or pursuant to a modification, waiver or amendment of such Mortgage Loan granted or agreed to by the Master Servicer or the Special Servicer pursuant to the terms hereof) and without regard to the remittance provisions of the related Intercreditor Agreement.

  • Class E Final Scheduled Payment Date means the Payment Date occurring in June 2023.

  • Scheduled Principal Payments means, with respect to any Series or any Class of any Series of Notes, any payments scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series or Class on a periodic basis that are identified as “Scheduled Principal Payments” in the applicable Series Supplement.

  • Class A-4 Final Scheduled Payment Date means the October 2026 Payment Date.

  • Class C Final Scheduled Payment Date means the Payment Date occurring in April 2021.

  • Class B Final Scheduled Payment Date means the December 15, 2025 Payment Date.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in May 2023.

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2028.

  • Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.

  • Scheduled Principal Payment Date means, with respect to any Series, Class or Tranche of Notes, the scheduled due date of any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case such Scheduled Principal Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).