Semiannual Loan Payment definition

Semiannual Loan Payment means the payment due from the Local Government to the Department at six-month intervals.
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Semiannual Loan Payment means the payment due from the Project Sponsor to the Department at six-month intervals.
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Semiannual Loan Payment means the payment due at six-month intervals.
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Examples of Semiannual Loan Payment in a sentence

  • Each Semiannual Loan Payment shall be in the amount of $36,241 until the payment amount is adjusted by amendment.

  • The withdrawal of moneys from the Loan Debt Service Account shall be for the sole purpose of making the Semiannual Loan Payment or for discharging the Project Sponsor’s obligations pursuant to Section 8.01.

  • As a result of such adjustment, the Semiannual Loan Payment shall be reduced accordingly, as addressed in Section 10.05.

  • The first five deposits each shall be at least equal to one-sixth of the Semiannual Loan Payment.

  • Beginning six months prior to each Semiannual Loan Payment, the Project Sponsor shall make six Monthly Loan Deposits.

  • The Semiannual Loan Payment shall be computed based upon the principal amount of the Loan less the Principal Forgiveness plus the estimated Loan Service Fee and the principle of level debt service.

  • It accrues and is compounded annually from the time when disbursements are made until six months before the first Semiannual Loan Payment is due.

  • The sixth Monthly Loan Deposit shall be at least equal to the amount required to make the total on deposit in the Loan Debt Service Account equal to the Semiannual Loan Payment amount, taking into consideration investment earnings credited to the account pursuant to Section 3.02.

  • After the final disbursement of Loan proceeds, the Semiannual Loan Payment shall be based upon the actual Project costs, the actual Loan Service Fee and Loan Service Fee capitalized interest, if any, and actual dates and amounts of disbursements, taking into consideration any previous payments.

  • The Semiannual Loan Payment amount may be adjusted, by amendment of this Agreement, based upon revised information.


More Definitions of Semiannual Loan Payment

Semiannual Loan Payment means the payment due from the Local Borrower at six-month intervals.
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Related to Semiannual Loan Payment

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

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

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