Installment Amounts Clause Samples
Installment Amounts. The Lender shall fund to the Borrower the amounts reasonably requested by the Borrower from time to time for its operating and/or capital expense purposes (each an “Installment Amount” and, collectively, the “Installment Amounts”) and the Borrower shall update Schedule 1 accordingly; provided, however, that the aggregate sum of the Installment Amounts set forth on Schedule 1 shall not exceed the Maximum Principal Amount; and provided, further, that the Lender shall have the right (at its sole discretion), but not the obligation to fund any Installment Amounts to the Borrower, up to the Maximum Principal Amount.
Installment Amounts. If the Distributee's benefit will be distributed in the form of a series of annual installments payable over ten (10) years, a bookkeeping account ("Account") will be created for the purpose of paying the benefit to the Distributee. The initial value of the Account shall equal the Distributee's Lump Sum Account. The amount of the annual installments shall be determined by dividing the amount of the Distributee's Account as of the December 31 as of which the installment is being paid by the number of remaining installment payments to be made (including the payment being determined).