Common use of Lump Sum Clause in Contracts

Lump Sum. The Borrower shall repay the Borrowed Money as a lump sum, in full, in the amount of $[AMOUNT] (principal and interest) by [DATE] (“Due Date”). ☐ - INSTALLMENTS. Borrower shall pay principal and interest installment amounts equal to $[AMOUNT] with the first (1st) payment due on [DATE] and the remaining payments to be paid: (check one) ☐ - Weekly with any remaining balance payable on [DATE] (“Due Date”). ☐ - Monthly with any remaining balance payable on [DATE] (“Due Date”). ☐ - Quarterly with any remaining balance payable on [DATE] (“Due Date”). Hereinafter known as the “Repayment Period.” PAYMENT IS DUE. Any payment made by the Borrower is considered late if made more than [#] day(s) after any payment due date (“Payment Due Date”). This shall include, but not be limited to, any payment made related to the Repayment Period, the Due Date, or any other payment mentioned in this Note.

Lump Sum. The Borrower shall repay the Borrowed Money as a lump sum, in full, in the amount of $[AMOUNT] _______________ (principal and interest) by [DATE] _______________, 20____ (“Due Date”). ☐ - INSTALLMENTS. Borrower shall pay principal and interest installment amounts equal to $[AMOUNT] _______________ with the first (1st) payment due on [DATE] _______________, 20____ and the remaining payments to be paid: (check one) ☐ - Weekly with any remaining balance payable on [DATE] _______________, 20____ (“Due Date”). ☐ - Monthly with any remaining balance payable on [DATE] _______________, 20____ (“Due Date”). ☐ - Quarterly with any remaining balance payable on [DATE] _______________, 20____ (“Due Date”). Hereinafter known as the “Repayment Period.” PAYMENT IS DUE. Any payment made by the Borrower is considered late if made more than [#] ____ day(s) after any payment due date (“Payment Due Date”). This shall include, but not be limited to, any payment made related to the Repayment Period, the Due Date, or any other payment mentioned in this Note.

Lump Sum. The Borrower shall repay the Borrowed Money as a lump sum, in full, in the amount of $[AMOUNT] (principal and interest) by [DATE] (“Due Date”). ☐ - INSTALLMENTS. Borrower shall pay principal and interest installment amounts equal to $[AMOUNT] with the first (1st) payment due on [DATE] and the remaining payments to be paid: (check one) ☐ - Weekly with any remaining balance payable on [DATE] (“Due Date”). ☐ - Monthly with any remaining balance payable on [DATE] (“Due Date”). ☐ - Quarterly with any remaining balance payable on [DATE] (“Due Date”). Hereinafter known as the “Repayment Period.” PAYMENT IS DUE. Any payment made by the Borrower is considered late if made more than [#] day(s) after any payment due date (“Payment Due Date”). This shall include, but not be limited to, any payment made related to the Repayment Period, the Due Date, or any other payment mentioned in this NoteAgreement.