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

  • The interest portion of each Semiannual Loan Payment shall be computed on the unpaid balance of the principal amount of the Loan, which includes Capitalized Interest.

  • The Semiannual Loan Payment amount is based on the total amount to be repaid of $553,850, which consists of the Loan principal plus the Loan Service Fee with its capitalized interest.

  • 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.

  • 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 the Loan Service Fee capitalized interest, if any, and actual dates and amounts of disbursements, taking into consideration any previous payments.

  • Interest shall be computed as of the due date of each Semiannual Loan Payment.

  • 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.

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

  • Each Semiannual Loan Payment shall be in the amount of $27,693 until the payment amount is adjusted by amendment.


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

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to: