Deferred Payment Schedule Sample Clauses
Deferred Payment Schedule. QUARTER MINIMUM DEFERRED PAYMENT ------- ------------------------ Q4 2003 $0 Q1 2004 Actual Results Q2 2004 Actual Results Q3 2004 Actual Results Q4 2004 $45,000 Q1 2005 $47,000 Q2 2005 $52,000 Q3 2005 $55,000 Q4 2005 $60,000 Q2 2006 and thereafter $60,000 per quarter until the outstanding principal and accrued and unpaid interest under the Promissory Note is paid in full.
Deferred Payment Schedule. For students enrolled prior to 1 October of the current school year, Parents have the choice of making full tuition payment upon enrollment or deferring 50% of the tuition payment until 15 December of the current school year. For students enrolled after the 30 September of the current school year, tuition is due in full upon enrollment. An interest charge o f 1 . 5 % will be assessed on families who choose to pay in installments. The interest charge’s rate and calculation method is determined by the School and may vary by year.