Examples of Repayment Installment in a sentence
Upon written request of the Trustee, the Borrower shall pay any Repayment Installment directly to the Paying Agent.
Notwithstanding the foregoing, if on any date the amount held by the Trustee in the Bond Fund is insufficient to make any required payments of principal of (whether at maturity or upon redemption or acceleration) and interest and premium, if any, on the Bonds as such payments become due, the Borrower shall forthwith pay such deficiency as a Repayment Installment hereunder.
Not later than each Repayment Installment Date, the Municipality shall, from the moneys in the Income Fund, transfer to the Trustee the Repayment Installment due and payable on that Repayment Installment Date.
To follow up with the Borrower for the payment of any unpaid Repayment Installment.
Time in respect of the payment of each Repayment Installment is of the essence.