Common use of Dates of Payment of Amortization and Interest Clause in Contracts

Dates of Payment of Amortization and Interest. The Borrower shall amortize the Loan in semiannual installments on the same dates as those determined in accordance with Section 2.02 of the Special Conditions for payment of interest. If the date of signature of the Loan Contract falls between June 15 and 30 or between December 15 and 31, the dates for the payment of interest and for the payment of the first and subsequent amortization installments shall be June 15 and December 15, as the case may be.

Dates of Payment of Amortization and Interest. The Borrower shall amortize the Loan in semiannual installments on the same dates as those determined in accordance with Section 2.02 of the Special Conditions for payment of interest. If the date of signature of the Loan Contract falls between June 15 15th and 30 30th or between December 15 15th and 3131st, the dates for the payment of interest and for the payment of the first and subsequent amortization installments shall be June 15 15th and December 1515th, as the case may be.