01B Single instalment Clause Samples

The '01B Single instalment' clause establishes that payment for goods or services will be made in one lump sum rather than in multiple payments over time. Typically, this means the buyer is required to pay the full amount either before delivery, upon delivery, or at another specified milestone, rather than through a series of scheduled payments. This clause simplifies the payment process, reduces administrative complexity, and ensures that the seller receives the entire agreed amount at once, thereby minimizing the risk of non-payment or delayed payments.
01B Single instalment. Alternatively, the relevant Borrower may repay the Tranche in a single instalment on a Payment Date specified in the Disbursement Offer, being a date falling not less than 3 (three) years or more than 7 (seven) years from the Scheduled Disbursement Date.
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