Loan Repayments Schedule Sample Clauses
The Loan Repayments Schedule clause defines the timing and amounts of payments that a borrower must make to repay a loan. It typically outlines the frequency of payments (such as monthly or quarterly), the due dates, and the breakdown of principal and interest in each installment. By clearly specifying these details, the clause ensures both parties understand their obligations and helps prevent disputes over payment timing or amounts.
Loan Repayments Schedule. Payments of principal and interest shall commence on the first day of the first month immediately following the Initial Disbursement Date, and shall continue on the first day of each and every month thereafter until paid in full. Such payments shall fully amortize the Loan over two hundred forty (240) months; provided, however, the entire remaining unpaid balance of principal and interest shall be due and payable in full on the first day of the one hundred twentieth (120) month following the Initial Disbursement Date.
Loan Repayments Schedule. If all or a portion of the Loan must be repaid in accordance with Section 7.1 (Business Subsidy Agreement), payments of principal and interest shall commence on the first day of the first month following the Loan repayment commencement Date and shall continue on the first day of each and every month thereafter until paid in full. Such payments shall fully amortize the portion of the Loan that must be repaid over one (1) year; provided, however, the entire remaining unpaid balance of principal and interest shall be due and payable in full on the first day of the thirteenth (13th) month following Loan Repayment Commencement Date.
Loan Repayments Schedule. The nonforgiveable portion of the Loan is Four Hundred Thousand Dollars ($400,000). Payments of principal and interest on the nonforgiveable portion of the Loan shall commence on the first day of the first month immediately following the Initial Disbursement Date and shall continue on the first day of each and every month thereafter until the Loan is paid in full. Such payments shall fully amortize the Loan over Five (5) years; provided, however, the entire remaining unpaid balance of principal and interest shall be due and payable in full on the first day of the sixtieth (60) month following the Initial Disbursement Date. An Amortization Schedule is attached as Exhibit A.
Loan Repayments Schedule. If Borrower is in violation of Section 4.4 of this Loan Agreement repayment shall be due within 30 days of written notice to the Borrower.