Common use of Repayment Amount Clause in Contracts

Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 plus Compound Interest for $153,000 of the $306,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 3 of Residency

Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. $153,000 plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 plus Compound Interest for $153,000 of the $306,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 3 of Residency