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 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 therelevant Mortgage 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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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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Examples of Unpaid Instalment in a sentence

  • 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.

  • 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.

  • Liability extinguished 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.

  • 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.

  • The term Unpaid Instalment means an instalment which, at a given date, is due but not fully paid and remains such for at least (i) 5 days following the date on which it should have been paid, for repayments which have a monthly, bimonthly, quarterly and semi-annual frequency.


More Definitions of Unpaid Instalment

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, bi-monthly, quarterly, semi-annual and 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 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 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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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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Related to Unpaid Instalment

  • 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.

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

  • Reimbursement Obligations means, at any time, the aggregate of all obligations of the Borrower then outstanding under Section 2.18 to reimburse the LC Issuers for amounts paid by the LC Issuers in respect of any one or more drawings under Facility LCs.

  • 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.