Capital Payment definition

Capital Payment means a Monthly Payment made by a Borrower under a Mortgage Loan (other than a Flexible Mortgage Loan) that is greater by (GBP)200 or more than the amount due for that month, and in respect of which the Borrower has notified the Seller that such overpayment is intended to reduce the Capital Balance of the related Mortgage Loan;

Capital Payment has the meaning set out in Schedule 8 [Payments];

Capital Payment means the component of the monthly payment to be made by the Province to the Contractor under Section 9.2 that is described as the Capital Payment in Schedule 14;

Examples of Capital Payment in a sentence

• The O&M Payment component of the Payment (but not the Capital Payment component of the Payment) is subject to annual indexing for inflation in the manner and at the times set out in Schedule 10 (Index Factor).

• When making an application for an Interim Capital Payment, the Concessionaire shall submit to HPTE all the supporting documentation required by the TIFIA Lender pursuant to the terms of the Phase 2 TIFIA Loan and any other documentation submitted to the Senior Lenders when applying to draw funds under those facilities in order to establish that the amount of the Construction Sub-Contract Price Payment is due and payable under the Construction Sub-Contract.

• Notwithstanding anything else in this Section 28 the aggregate value of all Interim Capital Payments shall not exceed the HPTE Capital Payment.

• Applications for an Interim Capital Payment may not be made more than once every calendar month.

• Whenever a Construction Sub-Contract Price Payment is due the Concessionaire may also apply for an Interim Capital Payment in accordance with this Section 28.

More Definitions of Capital Payment

Capital Payment means a Monthly Payment made by a Borrower under a Mortgage Loan (other than a Flexible Mortgage Loan) that is greater by {pound-sterling}200 or more than the amount due for that month, and in respect of which the Borrower has notified the Seller that such overpayment is intended to reduce the Capital Balance of the related Mortgage Loan;

Capital Payment means any payment except one which, if made to the lessor—

Capital Payment means the payment described in Section 2.1(m) of this Schedule;

Capital Payment means the principal repayment on the Senior Notes and the payment of the Junior Redemption Amount on the Junior Notes to which the Noteholders are entitled upon redemption of the Notes.

Capital Payment has the meaning specified in Section 5(a).

Capital Payment means an overpayment by a Borrower which is intended to reduce the Capital Balance of the related Mortgage Loan.

Capital Payment means the sum for each Payment Period set out in Table 1 [Capital Payments] of Appendix 8C [Service Payments];