Installment Amount Sample Clauses
The Installment Amount clause defines the specific sum of money that must be paid in each installment under a payment schedule. It typically outlines how much is due at each interval, whether the payments are equal or vary over time, and may reference a schedule or table for clarity. This clause ensures both parties understand the exact payment obligations, reducing the risk of disputes over payment amounts and helping to manage cash flow expectations.
Installment Amount. Two Million Dollars ($2,000,000) due on or before December 15, 2008, with interest accruing thereon at the rate of 5% per annum from September 23, 2008, forward until paid."
2. Paragraph 2.2 of the Agreement, "Purchase Price and Payment" is hereby deleted in its entirety and the following inserted in place thereof:
Installment Amount. (a) The amount of each distribution with respect to a Director's Cash Account shall be the amount obtained by multiplying the balance in such Account by a fraction, the numerator of which is one (1) and the denominator of which is the number of years in which distributions remain to be made (including the current distribution).
(b) The number of Stock Credits attributable to each distribution shall be equal to the number obtained by multiplying the current number of Stock Credits in such Stock Account by a fraction, the numerator of which is one (1) and the denominator of which is the number of years in which distributions remain to be made (including the current distribution).
Installment Amount. July 10, 2005 $ 1,000,000 ------------- ------------------- July 10, 2006 $ 1,000,000 ------------- ------------------- July 10, 2007 $ 1,000,000 ------------- ------------------- THE OUTSTANDING UNPAID PRINCIPAL BALANCE AND ALL ACCRUED AND UNPAID INTEREST UNDER THE TERM LOAN SHALL BE DUE AND PAYABLE ON THE DATE OF TERMINATION OF THIS AGREEMENT, WHETHER BY ITS TERMS, BY PREPAYMENT, OR BY ACCELERATION. ALL AMOUNTS OUTSTANDING UNDER THE TERM LOAN SHALL CONSTITUTE OBLIGATIONS.
Installment Amount. The amount of each installment with respect to ------------------ such Participant's Stock Account shall be equal to the product of the number of Stock Credits attributable to such installment and the average of the Closing Prices of shares of Common Stock on each Business Day in the month immediately prior to the month in which such installment is to be paid. The number of Stock Credits attributable to an installment shall be equal to the product of the current number of Stock Credits attributed to such Stock Account and a fraction, the numerator of which is one and the denominator of which is the number of installments yet to be paid.
Installment Amount. See Section 4.11.1 of this Agreement.
Installment Amount. (a) The amount of each distribution with respect to a Director's Cash Account shall be the amount obtained by multiplying the balance in such Account by a fraction, the numerator of which is one (1) and the denominator of which is the number of years in which distributions remain to be made (including the current distribution).
(b) The amount of each distribution with respect to a Director's Stock Account shall be the amount obtained by multiplying the number of Stock Credits attributable to such installment (determined as hereinafter provided) by the average of the Closing Prices of shares of Common Stock on each Business Day in the month immediately prior to the month in which such installment is to be paid. The number of Stock Credits attributable to an installment shall be equal to the amount obtained by multiplying the current number of Stock Credits in such Stock Account by a fraction, the numerator of which is one (1) and the denominator of which is the number of years in which distributions remain to be made (including the current distribution).