Level Amortization. A Participant shall repay the principal of any loan according to a schedule which shall provide for level amortization over a period of the loan, with payments to be made no less frequently than quarterly.
Appears in 4 contracts
Sources: Prototype 401(k) Plan (United States Lime & Minerals Inc), 401(k) Plan Adoption Agreement (United States Lime & Minerals Inc), Prototype 401(k) Plan (Associated Estates Realty Corp)
Level Amortization. A Participant shall repay the principal of any ------------------ loan according to a schedule which shall provide for level amortization over a period of the loan, with payments to be made no less frequently than quarterly.
Appears in 1 contract
Sources: 401(k) Plan Adoption Agreement (Chandler Insurance Co LTD)