First Payment definition
Examples of First Payment in a sentence
Any installment payments that would have been made to Executive during the thirty (30) day period immediately following Executive’s Separation from Service but for the preceding sentence shall be paid to Executive on the First Payment Date and the remaining payments shall be made as provided in this Agreement.
Loan Term and Amortization Type Numeric – Integer 60 999 Always >0 N/A 30 First Payment Date of Loan The date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note.
The First Payment will be credited against the purchase price when and if escrow closes and the sale is completed.
If Seller shall decide to make no efforts to make title marketable, or is unable to make title marketable or obtain insurable title, (after execution by Buyer of such documents reasonably requested by Seller to evidence the termination hereof) Buyer's First Payment shall be returned and this Agreement shall be null and void and of no further force and effect.
If this Agreement is not cancelled as set forth above, the First Payment shall be non-refundable unless Seller shall default hereunder.