Common use of Amortization Schedule Clause in Contracts

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 and August 1, the first installment to be payable on the first (1st) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth (50th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two percent (2.00%) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

AutoNDA by SimpleDocs

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 April 15 and August 1October 15, the first installment to be payable on the first eleventh (1st11th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth thirtieth (50th30th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two percent one-twentieth (2.00%1/20th) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 April 15 and August 1October 15, the first installment to be payable on the first ninth (1st9th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth forty-sixth (50th46th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two percent one-38th (2.00%1/38) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 April 15 and August 1October 15, the first installment to be payable on the first eleventh (1st11th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth sixtieth (50th60th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two percent (2.00%) 2% of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 May 15 and August 1November 15, the first installment to be payable on the first eleventh (1st11 th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth fifty-second (50th52nd) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to one-forty-two percent (2.00%1/42) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 April 15 and August 1October 15, the first installment to be payable on the first fifteenth (1st15th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth forty-ninth (50th49th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two percent one-thirty-fifth (2.00%1/35) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 March 15 and August 1September 15, the first installment to be payable on the first thirteenth - (1st13th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth forty-eighth - (50th48th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two percent one thirty- sixth (2.00%1/36) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 1 contract

Samples: Loan Agreement

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 15 and August 115, the first installment to be payable on the first eleventh (1st11th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth forty-seventh (50th47th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two percent one-thirty seventh (2.00%1/37th) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 1 contract

Samples: Loan Agreement

AutoNDA by SimpleDocs

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 April 15 and August 1October 15, the first installment to be payable on the first (1stninth-(9th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth (50thtwentieth second-(22nd) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two percent one-fourteenth (2.00%1/14) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 1 contract

Samples: Loan Agreement

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 April 15 and August 1October 15, the first installment to be payable on the first twelfth (1st12th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth fortieth (50th40th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two percent one/twenty-nine (2.00%1/29) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 1 contract

Samples: Loan Agreement

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 April 15 and August 1October 15, the first installment to be payable on the first (1stninth-(9th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth twentieth second- (50th22nd) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two percent one-fourteenth (2.00%1/14) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 1 contract

Samples: Loan Agreement

Amortization Schedule. 1. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each February 1 and August 1, the first installment to be payable on the first eleventh (1st11th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the fiftieth thirtieth (50th30th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to two five percent (2.005%) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.

Appears in 1 contract

Samples: Loan Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.