Common use of Early Amortization Clause in Contracts

Early Amortization. The loan granted to the debtor is to finance the promotion of a building under construction that consists of a certain number of registered properties (homes, garages and commercial premises), therefore, as each of the built is completed, the debtor agrees to partially repay the principal of the loan in the amount resulting from multiplying the amount of the total loan granted by the coefficient of participation that the transferred property has over the total built property. Said partial amortization must be liquidated within thirty days following the date of deed of the property transferred