Equal Monthly Installments Sample Clauses
The Equal Monthly Installments clause requires that payments for a specified obligation be divided into uniform amounts, paid at regular monthly intervals. In practice, this means that the total sum owed—such as for a loan, service contract, or purchase—is split into equal payments, each due on a set date every month until the full amount is paid off. This structure provides predictability for both parties, making budgeting easier and reducing the risk of missed or late payments by establishing a clear, consistent payment schedule.
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Equal Monthly Installments. Deductions referred to in paragraph A will be made in ten (10) equal monthly installments during the school year, beginning with the October pay.
Equal Monthly Installments. Deductions referred to in paragraph 1. above will be made in as nearly equal monthly installments as practicable during the school year. Teachers who desire may pay their dues by a lump sum payment.
Equal Monthly Installments. For full-time and for daily and hourly employees, deductions referred to in paragraph one will be made in as nearly equal ten (10) installments as practicable during the school year beginning on the first pay period in October and ending prior to April 30.