Examples of Repayment Term in a sentence
The interest rate shall be fixed for the term of the Cash Repayment Term (as hereinafter defined) based on the “Prime Rate” as announced in The Wall Street Journal on the first business day of January of the calendar year when the Cash Repayment Term begins, plus one percentage (1%) point.
One time during the Cash Repayment Term, Scholar may, at Scholar’s option and, if Scholar meets the Service Repayment Requirements and if there is no payment default, convert from Cash Repayment Status to Service Repayment Status.
In the event of a second Cash Repayment Status, the new interest rate shall be fixed for the term of the Cash Repayment Term based on the “Prime Rate” as announced in The Wall Street Journal on the first business day of January of the calendar year when the second Cash Repayment Term begins, plus one percentage (1%) point.
CONSTRUCTION OF CIRRs The applicable CIRRs for official financing support provided in accordance with the provisions of this Sector Understanding are constructed using to the following base rates and margins: Repayment Term (years)New nuclear power stations2.All other contracts3.
In the event that the monthly payment is calculated to be less than FIFTY DOLLARS AND NO CENTS ($50.00), the Cash Repayment Term will be adjusted to reflect a minimum payment of FIFTY DOLLARS AND NO CENTS ($50.00).