Common use of Frequency of Payment Clause in Contracts

Frequency of Payment. Payments to be made pursuant to paragraph 3 and paragraph 4 shall be made in monthly instalments. The Bank may, in its absolute discretion, accelerate the payment of any amounts provided herein to the extent it desires, or commute any installment payments into a single lump sum payment equal to the present value of the right to receive such future installment payments. In the calculation of lump sum present value, Bank shall use an interest rate equal to the average interest rate obtained in three quotations from commercial insurers licensed to do business in Wisconsin for a fixed term annuity corresponding to the remaining future installments being commuted.

Frequency of Payment. Payments to be made pursuant to paragraph 3 and paragraph 4 shall be made in monthly instalmentsinstallments. The Bank may, in its absolute discretion, accelerate the payment of any amounts provided herein to the extent it desires, or commute any installment payments into a single lump sum payment equal to the present value of the right to receive such future installment payments. In the calculation of such lump sum present value, Bank shall use an interest rate equal to the average interest rate obtained in three quotations from commercial insurers licensed to do business in Wisconsin for a fixed term annuity corresponding to the remaining future installments being commuted.

Frequency of Payment. Payments to be made pursuant to paragraph 3 and paragraph 4 shall be made in monthly instalmentsinstallments. The Bank may, in its absolute discretion, accelerate the payment of any amounts provided herein to the extent it desires, or commute any installment payments into a single lump sum payment equal to the present value of the right to receive such future installment payments. In the calculation of lump sum present value, Bank shall use an interest rate equal to the average interest rate obtained in three quotations from commercial insurers licensed to do business in Wisconsin for a fixed term annuity corresponding to the remaining future installments being commuted.

Frequency of Payment. Payments to be made pursuant to paragraph 3 and paragraph 4 shall be made in monthly instalmentsinstallments. The Bank Association may, in its absolute discretion, accelerate the payment of any amounts provided herein to the extent it desires, or commute any installment payments into a single lump sum payment equal to the present value of the right to receive such future installment payments. In the calculation of such lump sum present value, Bank Association shall use an interest rate equal to the average interest rate obtained in three quotations from commercial insurers licensed to do business in Wisconsin for a fixed term annuity corresponding to the remaining future installments being commuted.