Examples of Final Installment in a sentence
The Land Trust agrees that it is required to raise and secure a minimum of one dollar and fifty cents in Matching Funds for every one dollar of Project Funds provided by NCC under the Program and to provide confirmation of the Matching Funds in its supporting documentation for the Final Installment and in the reports, reviews or audits to be undertaken following completion of the Project.
The amount of each Installment Payment shall be calculated by the WIFIA Credit Provider in such manner that each of such payments shall be approximately equal in amount, in order for the Outstanding Balance (the aggregate unpaid Principal Components of the Installment Payments) to be reduced to $0 on the Final Installment Payment Date.
For example, if payment will be due once a week on the first calendar day of every week then supply the word “Monday” or the number “1” to the blank space and check off the box labeled “Week” whereas if the Buyer’s payment will be due on the fifteenth of every month, record the number “15” in the space provided and mark the box labeled “Month.” (32) Final Installment Payment.
Notwithstanding anything herein to the contrary, all Installment Payments and all Additional Payments then due and payable remaining unpaid as of the Final Installment Payment Date shall be due and payable in full on the Final Installment Payment Date (or on any earlier date on which the Outstanding Balance (and the corresponding unpaid Principal Components of the Installment Payments) are subject to mandatory prepayment).
Payments for agreed Changes shall be divided such that one-half (50%) of the payment is made at the time of approval by Purchaser of the Change and the remaining one-half (50%) made at the time of payment of the Final Installment.