Common use of Loan Payment Clause in Contracts

Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 years, except that the repayment period may be for any period not to exceed 10 years if the purpose of the loan is to acquire the Participant's principal residence.

Appears in 2 contracts

Samples: La Gear Inc, La Gear Inc

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Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 five years, except that the repayment period may be for any period not to exceed 10 15 years if the purpose of the loan is to acquire the Participant's principal residence.

Appears in 2 contracts

Samples: Hanna M a Co/De, Longview Fibre Co

Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 five years, except that the repayment period may be for any period not to exceed 10 years if the purpose of the loan is to acquire the Participant's principal residence.

Appears in 2 contracts

Samples: Nipsco Industries Inc, Nipsco Industries Inc

Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 years, except that the repayment period may be for any period not to exceed 10 15 years if the purpose of the loan is to acquire the Participant's principal residence.

Appears in 2 contracts

Samples: Advo Inc, Longview Fibre Co

Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 years, except that the repayment period may be for any period not to exceed 10 years if the purpose of the loan is to acquire the Participant's principal residence.. --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Spieker Properties Inc

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Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 five years, except that the repayment period may be for any period not to exceed 10 20 years if the purpose of the loan is to acquire the Participant's principal residence.

Appears in 1 contract

Samples: Gerber Scientific Inc

Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction. Loans may be prepaid in full or on in part at any time. The Participant may choose the loan repayment period, not to exceed 5 years, except that the repayment period may be for any period not to exceed 10 years if the purpose of the loan is to acquire the Participant's principal residence.

Appears in 1 contract

Samples: New Nisource Inc

Loan Payment. Substantially level amortization shall be required of each loan with payments made at least monthly, generally through payroll deduction, provided that payment may be made by check for advance payments or when a Participant is not otherwise eligible to make payment by payroll deduction. Loans may be prepaid in full or in part at any time. The Participant may choose the loan repayment period, not to exceed 5 five years, except that the repayment period may be for any period not to exceed 10 years if the purpose of the loan is to acquire the Participant's principal residence.

Appears in 1 contract

Samples: Riviana Foods Inc /De/

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