Final Installment definition
Examples of Final Installment in a sentence
The Final Installment shall be payable within 30 days after Landlord’s receipt of the annual financial statements and other reports required to be delivered to Landlord pursuant to Section 17.2(b) for such Fiscal Year.
The Final Installment shall be deposited with the Builder’s Bank by telegraphic transfer remittance at least three (3) Business Days prior to the scheduled Delivery of the Vessel notified by the Builder, with instructions that the said installment is payable to the Builder against presentation by the Builder to the Builder’s Bank of a duplicate original copy of the Protocol of Delivery and Acceptance of the Vessel signed by the Builder and the Buyer.
Provided WHC is satisfied with the Supporting Documentation it shall pay the Final Installment in the amount of [final installment amount] (being 15% of the total amount) and may transfer such payment directly to the account of the Land Trust.
Provided NCC is satisfied with the Supporting Documentation it shall pay the Final Installment in the amount of [final installment amount] (being 15% of the total amount) and may transfer such payment directly to the account of the Land Trust.
Interest shall begin to accrue on the outstanding principal amount of the Loan on the date of disbursement of all or a portion of the Final Installment (as defined below) pursuant to Section 1.05(b) (the "Final Installment Date").