Monthly instalments Sample Clauses
The 'Monthly instalments' clause establishes that payments under the agreement will be made in regular, monthly increments rather than as a lump sum. Typically, this means the total amount owed is divided into equal payments due on a specified date each month, and may include details about interest, late fees, or adjustments for missed payments. This clause helps both parties manage cash flow and budgeting by spreading out financial obligations over time, reducing the risk of default and ensuring predictable payment schedules.
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Monthly instalments. If monthly payment instalments are agreed, the first monthly payment instalment must be received by Mash Media by no later than the 1st working day of the month the campaign begins. Monthly invoices will be sent on the 1st day of the months to follow and must be settled within 30 days.
Monthly instalments. The Borrower shall repay the capital and interest of the loan in ( ) equal, successive monthly instalments of Canadian dollars and cents ($ ) each, including the capital and the interest calculated at the rate set out in 1.2 on the day of each month, beginning on two thousand and (20 ), which is one month after the interest adjustment date, until two thousand and (20 ), which is the end of the term of this loan. The amounts received by the Lender shall be allocated as follows: If there is no default - first to accrued interest; and - second to the repayment of capital. In the case of default - first to the reimbursement of the Lender for any amount paid to a third party on behalf of the Borrower under this Agreement; and - second to accrued interest; and - third to the repayment of capital.
Monthly instalments. The Borrower shall repay the capital and interest of the loan in equal successive monthly instalments of ( dollars ($() each, including the capital and the interest calculated at the rate set out in Section , on the first day of each month, beginning on the first day of ( Two thousand ( (20() until the first day of ( Two thousand ( (20(), which is the end of the term of this loan at which time the balance owing for the capital, interest and other amounts due under this loan shall become due. For more clarity, the equal, successive and monthly instalments of principal and interest are based on an amortization period of ( (() years. Allocation of Monthly Instalments and Amounts Received The amounts received by the Lender shall be allocated as follows: If there is no default first, to accrued interest; and second, to the repayment of capital. In the case of default first, to the reimbursement of the Lender for any amount paid to a third party on behalf of the Borrower under this Agreement; and second, to accrued interest; and third, to the repayment of capital.
Monthly instalments. 2.2.1 Subject to clause 2.4 and 3.4, You agree to pay during the lease term the Monthly Instalment on each Monthly Payment Date.
2.2.2 If We accept Your Mobile Device Lease Order Form, Your first Monthly Instalment will be debited promptly after that acceptance.
2.2.3 After Your first Monthly Instalment, We will then schedule the debit for each of Your subsequent Monthly Instalments on the each Monthly Payment Date in the lease term.
2.2.4 You authorise Us to debit Your Nominated Card for each of the Monthly Instalments and any applicable additional fees and amounts, as agreed to under Your Agreement.
Monthly instalments. You must pay us the Monthly Instalment shown in each monthly Statement by the Due Date. The Financial Table contains details of how we calculate the Monthly Instalment. Failure to pay a Monthly Instalment in full by the Due Date is a default under this Agreement. If you wish to pay more than your Monthly Instalment in any month, please contact American Express.