Fixed and Fully Amortizing Payments Clause Samples

Fixed and Fully Amortizing Payments i) Confirm that the Contract requires a fixed payment amount that is due at identified intervals ii) Confirm that the number and amount of payments fully amortize the Amount Financed by maturity and pay finance charges at the Annual Percentage Rate iii) For any Contract with the heading Note and Security Agreement, skip procedure F) ii) and instead confirm that the total of all payments is accurate based on the Amount Financed and the stated interest rate(s).
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Fixed and Fully Amortizing Payments a. Confirm that the Contract requires fixed payment amounts b. Confirm that the payment on the Contract is based on a fixed interest calculation. For non-interest bearing contracts, confirm that the interest rate is reflected to be zero c. Confirm that the Contract allows for prepayments without premium or penalty at any time d. Confirm that the number and amount of payments fully amortize the Amount Financed by maturity and pay finance charges at the Annual Percentage Rate
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Fixed and Fully Amortizing Payments i) Confirm that the Contract requires fixed payment amounts Confirm that the payment on the Contract is based on a fixed or variable interest calculation ii) Confirm in a periodic risk based audit completed by [▇▇▇▇ Deere Financial] that that the Contract allows for prepayments without premium or penalty at any time iii) Confirm in a periodic risk based audit completed by [▇▇▇▇ Deere Financial] that that the number and amount of payments fully amortize the Amount Financed by maturity and pay finance charges at the Annual Percentage Rate
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Related to Fixed and Fully Amortizing Payments

  • Repayment Terms (a) The Borrower will pay interest on February 28, 1997 and on the last day of each month thereafter until payment in full of any principal outstanding under this line of credit. (b) The Borrower will repay in full all principal and accrued unpaid interest or other charges outstanding under this line of credit no later than the Expiration Date.