Examples of Repayment Date in a sentence
No Mortgage Loan has a shared appreciation feature, any other contingent interest feature or a negative amortization feature (except that an ARD Mortgage Loan may provide for the accrual of the portion of interest in excess of the rate in effect prior to the Anticipated Repayment Date) or an equity participation by the Seller.
The number of Principal Instalments and the amount of each Principal Instalment shall be calculated by dividing the total amount of the Loan by the number of periods of 12 months falling between the Drawdown Date for the Loan and Final Repayment Date provided that the last Principal Instalment will be paid on the Final Repayment Date and will be equal to the balance of the outstanding Loan as at the Final Repayment Date.