Common use of Periodic Payment Clause in Contracts

Periodic Payment. Check here if you will pay your offer in full in 6 to 24 months Note: The total months may not exceed a total of 24. For example, if you are requesting your payments extend for 24 months then your first payment is considered to be month 1 and your last payment is considered month 24. There will be 22 payments between the first and last month.

Periodic Payment. Check here if you will pay your offer in full in 6 to 24 months months. Note: The total months may not exceed a total of 24, including the first payment. For example, if you are requesting your payments extend for 24 months then your Your first payment is considered to be month 1 and your last payment is considered month 1; therefore, the remainder of the payments must be made within 23 months for a total of 24. There will be 22 payments between the first and last month.IRS Use Only