Installment Payment Amount Sample Clauses
The Installment Payment Amount clause defines the specific sum that must be paid in each installment under a contract. It typically outlines the amount due at each payment interval, which may be equal or vary depending on the agreement, and can apply to loans, service contracts, or purchase agreements. By clearly stating the payment amount for each installment, this clause ensures both parties understand their financial obligations and helps prevent disputes over payment expectations.
Installment Payment Amount. Each installment payment shall constitute a payment of interest (at a rate of 13.00% per annum) and a partial repayment of principal on the Note, allocated as set forth in the schedule below. August 15, 2010 $ 0.392703 $ 0.185943 November 15, 2010 $ 0.362696 $ 0.152929 February 15, 2011 $ 0.374484 $ 0.141141 May 15, 2011 $ 0.386655 $ 0.128970 August 15, 2011 $ 0.399221 $ 0.116404 November 15, 2011 $ 0.412196 $ 0.103429 February 15, 2012 $ 0.425592 $ 0.090033 May 15, 2012 $ 0.439424 $ 0.076201 August 15, 2012 $ 0.453705 $ 0.061920 November 15, 2012 $ 0.468451 $ 0.047174 February 15, 2013 $ 0.483675 $ 0.031950 May 15, 2013 $ 0.499395 $ 0.016230 Each installment payment in respect of the Notes shall be treated, for purposes of the Base Indenture and this Supplemental Indenture, as a partial payment of principal and a payment of interest, in each case, in an amount equal to the relevant amount set forth under the heading “Amount of Principal” and the heading “Amount of Interest” in the table above. Each installment payment for any Installment Payment Period shall be computed by the Company on the basis of a 360-day year of twelve 30-day months. If an installment payment is payable for any period shorter than a full Installment Payment Period, such installment payment shall be computed on the basis of the actual number of days elapsed per 30-day month. Furthermore, if any date on which an installment payment is payable is not a Business Day, then the installment payment on such date will be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay. However, if such Business Day is in the next succeeding calendar year, then such installment payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date.
Installment Payment Amount. Each installment shall constitute a payment of interest (at a rate of [°°°]% per annum) and a partial repayment of principal on the Note, allocated as set forth in the schedule below. Installment Payment Date Amount of Principal Amount of Interest March 15, 2010 $[•] $[•] June 15, 2010 $[•] $[•] September 15, 2010 $[•] $[•] December 15, 2010 $[•] $[•] March 15, 2011 $[•] $[•] June 15, 2011 $[•] $[•] September 15, 2011 $[•] $[•] December 15, 2011 $[•] $[•] March 15, 2012 $[•] $[•] June 15, 2012 $[•] $[•] September 15, 2012 $[•] $[•] December 15, 2012 $[•] $[•] Each installment payment for any Installment Payment Period shall be computed on the basis of a 360-day year of twelve 30-day months. If an installment is payable for any period shorter than a full Installment Payment Period, such installment shall be computed on the basis of the actual number of days elapsed per 30-day month. Furthermore, if any date on which an installment is payable is not a Business Day, then payment of the installment on such date will be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay. However, if such Business Day is in the next succeeding calendar year, then such installment payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Installments shall be paid to the person in whose name the Note is registered, with limited exceptions, at the close of business on the Business Day (each, a “Regular Record Date”) immediately preceding the related Installment Payment Date. In the event the Notes do not continue to remain in book-entry only form, the Company shall have the right to select Regular Record Dates.
Installment Payment Amount. Each installment shall constitute a payment of interest (at a rate of 6.15% per annum) and a partial repayment of principal on the Note, allocated as set forth in the schedule below. Installment Payment Date Amount of Principal Amount of Interest March 15, 2010 $ 1.441 $ 0.288 June 15, 2010 $ 1.585 $ 0.290 September 15, 2010 $ 1.610 $ 0.265 December 15, 2010 $ 1.634 $ 0.241 March 15, 2011 $ 1.660 $ 0.215 June 15, 2011 $ 1.685 $ 0.190 September 15, 2011 $ 1.711 $ 0.164 December 15, 2011 $ 1.737 $ 0.138 March 15, 2012 $ 1.764 $ 0.111 June 15, 2012 $ 1.791 $ 0.084 September 15, 2012 $ 1.819 $ 0.056 December 15, 2012 $ 1.847 $ 0.028 Each installment payment for any Installment Payment Period shall be computed on the basis of a 360-day year of twelve 30-day months. If an installment is payable for any period shorter than a full Installment Payment Period, such installment shall be computed on the basis of the actual number of days elapsed per 30-day month. Furthermore, if any date on which an installment is payable is not a Business Day, then payment of the installment on such date will be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay. However, if such Business Day is in the next succeeding calendar year, then such installment payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date.
Installment Payment Amount. (i) Each Installment Payment shall constitute a payment of interest (at a rate of 5.50% per annum) and a partial repayment of principal on the Note, allocated as set forth in the schedule below. March 1, 2015 $ 1.5303 $ 0.2752 June 1, 2015 $ 1.3983 $ 0.2267 September 1, 2015 $ 1.4176 $ 0.2074 December 1, 2015 $ 1.4371 $ 0.1879 March 1, 2016 $ 1.4568 $ 0.1682 June 1, 2016 $ 1.4769 $ 0.1481 September 1, 2016 $ 1.4972 $ 0.1278 December 1, 2016 $ 1.5177 $ 0.1073 March 1, 2017 $ 1.5386 $ 0.0864 June 1, 2017 $ 1.5598 $ 0.0652 September 1, 2017 $ 1.5812 $ 0.0438 December 1, 2017 $ 1.6030 $ 0.0220
(ii) Each Installment Payment for any Installment Payment Period shall be computed by the Company on the basis of a 360-day year of twelve 30-day months. If an Installment Payment is payable for any period shorter or longer than a full Installment Payment Period, such Installment Payment shall be computed on the basis of the actual number of days elapsed per 30-day month.
(iii) If any date on which an Installment Payment is payable is not a Business Day, then payment of the Installment Payment on such date will be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay. However, if such Business Day is in the next succeeding calendar year, then such Installment Payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date when such Installment Payment was originally due.
(iv) Notwithstanding anything to the contrary herein, the amount of any Installment Payment for any Installment Payment Period shall be increased by the amount of Additional Interest, if any, payable for such Installment Payment Period pursuant to Section 6.01