Scheduled Payments Sample Clauses
The Scheduled Payments clause establishes a timeline and structure for when payments are to be made under an agreement. It typically outlines specific dates, amounts, and conditions for each payment installment, ensuring both parties are aware of their financial obligations and deadlines. This clause helps prevent disputes over payment timing and amounts by providing a clear, enforceable schedule, thereby promoting financial predictability and accountability in the contractual relationship.
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Scheduled Payments. (A) Each Standard Receivable and Fixed Value Receivable has a first scheduled due date on or prior to the end of the month following the related Cutoff Date and (B) no Standard Receivable or Fixed Value Receivable has a payment that is more than 30 days overdue as of the related Cutoff Date, and has a final scheduled payment date no later than the Final Scheduled Maturity Date.
Scheduled Payments. Each Receivable shall have a first Scheduled Payment due on or prior to August 31, 1998, and no Receivable shall have a payment of which more than 10% of such payment is thirty (30) days overdue as of the Cutoff Date.
Scheduled Payments. (1) No Receivable has a payment that is more than 90 days overdue as of the related Cutoff Date and (2) no Receivable has a final scheduled payment date that is later than the Final Scheduled Maturity Date.
Scheduled Payments. No Receivable has a final scheduled payment date later than six months preceding the Final Scheduled Maturity Date.
Scheduled Payments. As of the Cutoff Date, each Receivable had a first scheduled due date on or prior to the end of the third month immediately following the Cutoff Date.
Scheduled Payments. The first scheduled due date on the Receivable is no later than 30 days after the Cutoff Date.
Scheduled Payments. No Receivable shall have a payment of which more than 10% of such payment is more than 30 days overdue as of the related Cutoff Date.
Scheduled Payments. As of the Cut-Off Date, scheduled payments under such Contract are applied in accordance with the Rule of 78's method or the simple interest method and are due monthly in level payments through its Maturity Date sufficient to fully amortize the principal balance of such Contract by its Maturity Date, assuming timely payment by Obligors on Simple Interest Contracts, except that the payment in the first or last month in the life of the Contract may be minimally different from the level payment.
Scheduled Payments. Failure of the Borrowers to pay any scheduled payment amount when the same is due under this Loan Agreement, the Note, or any other Loan Documents (whether such amount is interest, principal, Reserves, or otherwise), or to pay for any Insurance Policies required pursuant to Section 5.4 hereof; or
Scheduled Payments. Each Subsequent Receivable had an original Principal Balance of not less than $______ nor more than $__________, has an outstanding Principal Balance as of the Subsequent Cutoff Date of not less than $_______ and not more than $__________ and has a first Scheduled Payment due, in the case of Precomputed Receivables, or a scheduled due date, in the case of Simple Interest Receivables, on or prior to ____________, ____.