Unpaid Instalment definition

Unpaid Instalment means an instalment which, at a given date, is due but not fully paid and remains such for at least 15 days, following the date on which it should have been paid, under the terms of the relevant Mortgage Loan.
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Unpaid Instalment means any Instalment that is not duly paid by the relevant Debtor within five days from the scheduled date for payment thereof in relation to Loan Agreements providing for monthly, quarterly and semi-annual payments.
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Unpaid Instalment means an instalment which, at a given date, is due but not fully paid and remains such for at least 20 (twenty) days, following the date on which it should have been paid under the terms of the relevant Loan, unless any such non-payment results from the relevant Borrower’s exercise of any right given to it by any applicable law to suspend payments of any Instalment due under the relevant Loan.See “The Servicing Agreements and the Back-up Servicing Agreement”, below. 4. THE ACCOUNTS OF THE ISSUERThe Accounts......................................... Pursuant to the Agency and Accounts Agreement, the Issuer hasopened the following accounts with the Transaction Bank (collectively, the “Accounts”):
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Examples of Unpaid Instalment in a sentence

  • For the purposes of this agreement the number of Instalment Shortfall Units and the Unpaid Instalment Amount at any time is the number of Instalment Units and the Unpaid Instalment Amount most recently advised to the Underwriters under this clause 8.3.

  • The Responsible Entity must immediately notify the Underwriters in writing if at any time before the Instalment Shortfall Sale Date the forfeiture of an Instalment Shortfall Unit is cancelled in accordance with the Scheme Constitution and must advise the Underwriters of the revised number of Instalment Shortfall Units and the revised Unpaid Instalment Amount.

  • Upon clause 8.5 being complied with by an Underwriter or the Responsible Entity failing to provide an Unpaid Instalment Notice or Certificate in accordance with clause 8.2 or 8.4, the liability of that Underwriter under this agreement with respect to underwriting the payment of the Final Instalment on the Allotted Units shall cease and be extinguished.


More Definitions of Unpaid Instalment

Unpaid Instalment means an instalment which, at a given date, is due but not fully paid and remains such for at least 20 (twenty) days, following the date on which it should have been paid under the terms of the relevant Mortgage Loan, unless any such non-payment results from the relevant Borrower’s exercise of any right given to it by any applicable law to suspend payments of any Instalment due under the relevant Mortgage Loan.
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Unpaid Instalment means an instalment which, at a given date, is due but not fully paid and remains such for at least 30 (thirty) calendar days, following the date on which it should have been paid under the terms of the relevant Loan. 4. THE ACCOUNTS OF THE ISSUER Accounts held with the Interim Account BanksPursuant to the terms of the Agency and Accounts Agreement, the Issuer has opened with:
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Unpaid Instalment means an Instalment which, at a given date, is due but not fully paid and remains such for at least one calendar month following the date on which it should have been paid, under the terms of the relevant Loan.The Servicing Agreement has been amended on 30 October 2012 and on the Subsequent Execution Date in respect of, inter alia, the purchase ofthe Subsequent Portfolio and the issuance of the Subsequent Notes. See “The Servicing Agreement” below.
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Unpaid Instalment means an Instalment which, at a given date, is due but not fully paid and remains such for at least one calendar month following the date on which it should have been paid, under the terms of the relevant Loan. See “The Servicing Agreement” below.
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Related to Unpaid Instalment

  • Prepaid Installment With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Prepayment with respect to such Mortgage Loan.

  • Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).

  • Instalment Date means each date specified as such in the Final Terms.

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

  • Instalment Amount means, in respect of a Note and an Instalment Date, an amount determined by the Calculation Agent equal to the amount specified as such in the applicable Issue Terms or the amount determined in accordance with the formula or method for determining such amount specified therein.

  • Unpaid Interest means, on any Distribution Date with respect to any Class of Interests or Certificates (other than the Residual Certificates), the portion of Distributable Certificate Interest for such Class remaining unpaid as of the close of business on the preceding Distribution Date, plus one month's interest thereon at the applicable Pass-Through Rate.

  • Balloon Instalment has the meaning given in Clause 8.1;

  • Unpaid Sum means any sum due and payable but unpaid by an Obligor under the Finance Documents.

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • unpaid A Debt which has not been fully paid;

  • Unpaid Drawing shall have the meaning provided in Section 3.4(a).

  • Class Unpaid Interest Amounts As to any Distribution Date and Class of interest bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount.

  • Reimbursement Obligation the obligation of the Borrower to reimburse the Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Reimbursement Obligations means at any time, the aggregate of the Obligations of the Borrower to the Lenders, the Issuing Bank and the Administrative Agent in respect of all unreimbursed payments or disbursements made by the Lenders, the Issuing Bank and the Administrative Agent under or in respect of the Facility Letters of Credit.

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • LC Payment Date is defined in Section 2.20.5.

  • Defaulted Advance means, with respect to any Lender Party at any time, the portion of any Advance required to be made by such Lender Party to the Borrower pursuant to Section 2.01 or 2.02 at or prior to such time that has not been made by such Lender Party or by the Administrative Agent for the account of such Lender Party pursuant to Section 2.02(e) as of such time. In the event that a portion of a Defaulted Advance shall be deemed made pursuant to Section 2.15(a), the remaining portion of such Defaulted Advance shall be considered a Defaulted Advance originally required to be made pursuant to Section 2.01 on the same date as the Defaulted Advance so deemed made in part.

  • Unliquidated Advance Any Advance previously made by a party hereto that has been previously reimbursed, as between the Person that made the Advance hereunder, on the one hand, and the Trust Fund, on the other, as part of a Workout-Delayed Reimbursement Amount pursuant to subsections (ii) (B) and (C) of Section 3.06(a) of this Agreement but that has not been recovered from the Mortgagor or otherwise from collections on or the proceeds of the Mortgage Loan or REO Property in respect of which the Advance was made.

  • Repayment Dates means, subject to clause 7.3, each of the dates falling at six (6) monthly intervals after the Drawdown Date up to and including the date falling one hundred and forty four (144) months after the Drawdown Date;

  • Unpaid MQD has the meaning assigned to such term in Section 6.1(c)(i)(B).

  • Unpaid income tax means income tax due but not paid by the date the income tax is required to be paid under applicable law.

  • Accrued Interest means, with respect to Single Family Shared-Loss Loans, the amount of earned and unpaid interest at the note rate specified in the applicable loan documents, limited to 90 days.

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.