Fixed Principal Installments Sample Clauses
The Fixed Principal Installments clause establishes a repayment schedule where the borrower pays a set amount of principal in each installment over the life of the loan. Typically, this means that while the principal portion of each payment remains constant, the interest portion decreases over time as the outstanding balance is reduced. For example, if a loan requires $10,000 in principal to be repaid over 10 years, the borrower would pay $1,000 in principal each year, plus interest calculated on the remaining balance. This clause provides predictability for both parties by ensuring a clear, consistent reduction of the loan principal, which helps manage repayment expectations and simplifies financial planning.
Fixed Principal Installments. Subject otherwise to the terms and provisions of the Vienna Term Note, the principal balance of the Vienna Term Loan shall be payable in the amount of EIGHT THOUSAND THREE HUNDRED THIRTY THREE AND 33/100 DOLLARS ($8,333.33) on August 1, 2003, with the balance thereof payable in full on August 11, 2003.
Fixed Principal Installments. Subject otherwise to the terms and provisions of the North Canton Term Note, the principal balance of the North Canton Term Loan shall be payable in two (2) equal monthly installments of ELEVEN THOUSAND ONE HUNDRED ELEVEN AND 11/100 DOLLARS ($11,111.11) each on June 1, 2003 and July 1, 2003, with the balance thereof payable in full on July 9, 2003.
Fixed Principal Installments. Subject otherwise to the terms and provisions of the LaGrange Term Note, the principal balance of the LaGrange Term Loan shall be payable in three (3) consecutive, equal monthly installments of EIGHT THOUSAND EIGHT HUNDRED EIGHTY-EIGHT AND 89/100 DOLLARS ($8,888.89) each, commencing on July 1, 2002 and continuing on the first day of each calendar month thereafter with the balance thereof payable in full on October 1, 2002.
Fixed Principal Installments. Subject otherwise to the terms and provisions of the LaGrange Term Note, the principal balance of the LaGrange Term Loan shall be payable in two (2) equal monthly installments of EIGHT THOUSAND EIGHT HUNDRED EIGHTY-EIGHT AND 89/100 DOLLARS ($8,888.89) each, on March 3, 2003 and April 1, 2003, with the balance thereof payable in full on April 4, 2003.
Fixed Principal Installments. Subject otherwise to the provisions of the Term Note, the principal balance of the Term Loan shall be payable in sixty (60) equal monthly installments of Five Thousand Dollars ($5,000) each, commencing on January 31, 1994, and continuing on the last day of each successive month thereafter until paid in full.
Fixed Principal Installments. Subject otherwise to the terms and provisions of the applicable Term Note, the principal balance of Term Loan C shall be payable in sixty-seven (67) consecutive equal monthly principal installments of One Hundred Eighty-Five Thousand Seven Hundred Fourteen Dollars ($185,714) each, commencing January 1, 1997, and continuing on the 1st day of each month thereafter and a final principal installment of Three Million One Hundred Fifty-Seven Thousand One Hundred Sixty-Two Dollars ($3,157,162) on August 1, 2002.
Fixed Principal Installments. Subject otherwise to the terms and provisions of the Equipment Term Note, the principal balance of the Equipment Term Loan shall be payable in eighty-three (83) consecutive equal monthly installments of TWENTY TWO THOUSAND SIX HUNDRED DOLLARS ($22,600.00) each, commencing on June 1, 1997 and continuing on the first day of each calendar month thereafter and a final installment of TWENTY FOUR THOUSAND TWO HUNDRED DOLLARS ($24,200.00) payable on May 1, 2004.
Fixed Principal Installments. Subject otherwise to the terms and ----------------------------- provisions of the Term Note, the principal balance of the Term Loan shall be payable in forty-eight monthly installments as follows: (a) forty-seven (47) equal monthly installments of Thirty-Five Thousand Dollars ($35,000) each, commencing April 1, 2000, and continuing on the last day of each month thereafter, and (b) a final payment of Five Thousand Dollars ($5,000) due and payable on March 1, 2004.
Fixed Principal Installments. Subject otherwise to the terms and provisions of the Additional Equipment Term Note, the principal balance of the Additional Equipment Term Loan shall be payable in eighty-three (83) consecutive equal monthly installments of SIX THOUSAND NINE HUNDRED DOLLARS ($6,900.00) each, commencing on April 1, 1999 and continuing on the first day of each calendar month thereafter and a final installment in the amount of the then remaining outstanding principal balance payable on March 1, 2006.
Fixed Principal Installments. Subject otherwise to the terms and provisions of the North Canton Term Note, the principal balance of the North Canton Term Loan shall be payable in fifty-four (54) consecutive, equal monthly installments of ELEVEN THOUSAND ONE HUNDRED ELEVEN AND 11/100 DOLLARS ($11,111.11) commencing on February 1, 1997 and continuing on the first day of each calendar month thereafter with a final installment of ONE MILLION THREE HUNDRED FORTY-FOUR THOUSAND FOUR HUNDRED FORTY- FOUR AND 51/100 DOLLARS ($1,344,444.51) payable on August 1, 2001.