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How is First Installment Payment Date defined in a legal contract?

• First Installment Payment Date means the first payment due date that comes after the start of the amortization. Seen in 15 SEC filings
• First Installment Payment Date means ninety [number] days from the term loan option date. Seen in 4 SEC filings
• First Installment Payment Date means the date on or after the scheduled payment date that the first payment is made. Seen in 2 SEC filings
• First Installment Payment Date means the payment due date in the month of May, 2011. Seen in 1 SEC filing

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• First Installment Payment Date means the date on or after the start of amortization when the first payment is due.

Relevant Contract Types

• Real Estate Mortgage
• Car Loan Agreement
• Student Loan Contract
• Personal Loan Agreement

Relevant Circumstances

• Buying a property or a vehicle
• Taking a student loan for higher education
• Borrowing money for personal use

Relevant Sectors

• Real Estate Sector
• Automobile Sector
• Education Sector
• Financial Service Sector

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Genie Definition 2

• First Installment Payment Date means ninety [number] days from the term loan option date.

Relevant Contract Types

• Business Loan Agreement
• Investment Loan Agreement

Relevant Circumstances

• Starting a new business or expanding an existing one
• Making an investment

Relevant Sectors

• Business and Commerce
• Investment and Capital Market

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