{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-agreement", "type": "clause", "offset": [3, 16]}, {"key": "employed-by-the-company", "type": "definition", "offset": [53, 76]}, {"key": "payment-of", "type": "definition", "offset": [114, 124]}, {"key": "the-option-price", "type": "clause", "offset": [140, 156]}, {"key": "by-the-administrator", "type": "clause", "offset": [234, 254]}, {"key": "equal-to", "type": "definition", "offset": [287, 295]}, {"key": "shares-acquired", "type": "clause", "offset": [341, 356]}, {"key": "exercise-of-the-option", "type": "clause", "offset": [364, 386]}, {"key": "promissory-note", "type": "clause", "offset": [440, 455]}, {"key": "annual-installments", "type": "definition", "offset": [505, 524]}, {"key": "amount-of-the-loan", "type": "definition", "offset": [537, 555]}, {"key": "maximum-loan-value", "type": "definition", "offset": [568, 586]}, {"key": "shares-purchased", "type": "definition", "offset": [595, 611]}, {"key": "from-time-to-time", "type": "clause", "offset": [646, 663]}, {"key": "board-of-governors-of-the-federal-reserve-system", "type": "definition", "offset": [686, 734]}, {"key": "quarterly-installments", "type": "clause", "offset": [786, 808]}, {"key": "period-of-time", "type": "clause", "offset": [816, 830]}, {"key": "not-to-exceed", "type": "clause", "offset": [831, 844]}, {"key": "five-years", "type": "definition", "offset": [845, 855]}, {"key": "the-participant-shall", "type": "clause", "offset": [857, 878]}, {"key": "interest-on-the", "type": "clause", "offset": [883, 898]}, {"key": "unpaid-balance", "type": "definition", "offset": [899, 913]}, {"key": "minimum-rate", "type": "definition", "offset": [921, 933]}, {"key": "imputed-interest", "type": "definition", "offset": [953, 969]}, {"key": "original-issue-discount", "type": "clause", "offset": [973, 996]}, {"key": "the-code", "type": "clause", "offset": [1003, 1011]}, {"key": "all-shares", "type": "clause", "offset": [1013, 1023]}, {"key": "the-company-shall", "type": "clause", "offset": [1057, 1074]}, {"key": "to-the-company", "type": "clause", "offset": [1086, 1100]}, {"key": "shares-of-stock", "type": "definition", "offset": [1180, 1195]}, {"key": "payments-on-the-note", "type": "clause", "offset": [1248, 1268]}, {"key": "with-interest", "type": "definition", "offset": [1279, 1292]}, {"key": "release-of", "type": "clause", "offset": [1317, 1327]}, {"key": "the-regulations", "type": "clause", "offset": [1354, 1369]}, {"key": "relating-to", "type": "definition", "offset": [1400, 1411]}, {"key": "credit-transactions", "type": "definition", "offset": [1423, 1442]}, {"key": "no-default", "type": "definition", "offset": [1519, 1529]}, {"key": "installment-payments", "type": "clause", "offset": [1537, 1557]}, {"key": "the-right-to-vote", "type": "clause", "offset": [1645, 1662]}, {"key": "to-receive", "type": "definition", "offset": [1679, 1689]}], "samples": [{"hash": "lnYJpQL629H", "uri": "/contracts/lnYJpQL629H#installment-payment", "label": "Incentive Plan (Windswept Environmental Group Inc)", "score": 18.0, "published": true}, {"hash": "4DmRjcU5sss", "uri": "/contracts/4DmRjcU5sss#installment-payment", "label": "Incentive Plan (Educational Video Conferencing Inc)", "score": 18.0, "published": true}, {"hash": "37kcKiJfNDi", "uri": "/contracts/37kcKiJfNDi#installment-payment", "label": "Incentive Plan (Seair Group Inc)", "score": 18.0, "published": true}], "snippet": "If the Agreement provides, and if the Participant is employed by the Company on the date the Option is exercised, payment of all or part of the Option price may be made in installments. In that event the Company may, if so determined by the Administrator, lend the Participant an amount equal to not more than 90% of the Option price of the shares acquired by the exercise of the Option. This amount shall be evidenced by the Participant's promissory note and shall be payable in not more than five equal annual installments, unless the amount of the loan exceeds the maximum loan value for the shares purchased, which value shall be established from time to time by regulations of the Board of Governors of the Federal Reserve System. In that event, the note shall be payable in equal quarterly installments over a period of time not to exceed five years. The Participant shall pay interest on the unpaid balance at the minimum rate necessary to avoid imputed interest or original issue discount under the Code. All shares acquired with cash borrowed from the Company shall be pledged to the Company as security for the repayment thereof. In the discretion of the Administrator, shares of stock may be released from such pledge proportionately as payments on the note (together with interest) are made, provided the release of such shares complies with the regulations of the Federal Reserve System relating to securities credit transactions then applicable. While shares are so pledged, and so long as there has been no default in the installment payments, such shares shall remain registered in the name of the Participant, and he shall have the right to vote such shares and to receive all dividends thereon.", "size": 9, "hash": "fb13ef99993a366a3cfe84cd7df08a70", "id": 1}, {"snippet_links": [{"key": "to-pay", "type": "clause", "offset": [13, 19]}, {"key": "annual-installments", "type": "definition", "offset": [64, 83]}, {"key": "the-non", "type": "clause", "offset": [104, 111]}, {"key": "transaction-fee", "type": "definition", "offset": [123, 138]}, {"key": "declarations-page", "type": "definition", "offset": [153, 170]}], "samples": [{"hash": "gaeolXCPV9U", "uri": "/contracts/gaeolXCPV9U#installment-payment", "label": "Accident Coverage Insurance Agreement", "score": 24.6481861739, "published": true}, {"hash": "c7B1SZyw41d", "uri": "/contracts/c7B1SZyw41d#installment-payment", "label": "Insurance Agreement", "score": 24.6481861739, "published": true}], "snippet": "If you elect to pay your premium in monthly, quarterly, or semi-annual installments, we will charge you the non-refundable transaction fee listed on the declarations page. 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In the event that the Buyer closes on a financing equal to or greater than $3 million, the Installment Payment shall be accelerate to include the entire balance at the time of Closing.", "size": 2, "hash": "18b1d01639a9d42c56192351729f2ec4", "id": 9}, {"snippet_links": [{"key": "the-agreement", "type": "clause", "offset": [3, 16]}, {"key": "employed-by-the-company", "type": "definition", "offset": [53, 76]}, {"key": "payment-of", "type": "definition", "offset": [114, 124]}, {"key": "the-option-price", "type": "clause", "offset": [140, 156]}, {"key": "the-company-shall", "type": "clause", "offset": [200, 217]}, {"key": "equal-to", "type": "definition", "offset": [249, 257]}, {"key": "shares-acquired", "type": "clause", "offset": [320, 335]}, {"key": "exercise-of-the-option", "type": "clause", "offset": [343, 365]}, {"key": "promissory-note", "type": "clause", "offset": [419, 434]}, {"key": "annual-installments", "type": "definition", "offset": [484, 503]}, {"key": "amount-of-the-loan", "type": "definition", "offset": [516, 534]}, {"key": "maximum-loan-value", "type": "definition", "offset": [547, 565]}, {"key": "shares-purchased", "type": "definition", "offset": [574, 590]}, {"key": "from-time-to-time", "type": "clause", "offset": [625, 642]}, {"key": "board-of-governors-of-the-federal-reserve-system", "type": "definition", "offset": [665, 713]}, {"key": "quarterly-installments", "type": "clause", "offset": [765, 787]}, {"key": "period-of-time", "type": "clause", "offset": [795, 809]}, {"key": "not-to-exceed", "type": "clause", "offset": [810, 823]}, {"key": "five-years", "type": "definition", "offset": [824, 834]}, {"key": "the-administrator", "type": "clause", "offset": [836, 853]}, {"key": "terms-and", "type": "clause", "offset": [878, 887]}, {"key": "concerning-the", "type": "clause", "offset": [915, 929]}, {"key": "unpaid-balance", "type": "definition", "offset": [930, 944]}, {"key": "purchase-price", "type": "definition", "offset": [953, 967]}, {"key": "in-the-case", "type": "clause", "offset": [968, 979]}, {"key": "termination-of-employment", "type": "definition", "offset": [1004, 1029]}, {"key": "government-service", "type": "definition", "offset": [1054, 1072]}, {"key": "death-of-the-participant", "type": "clause", "offset": [1088, 1112]}, {"key": "in-its-discretion", "type": "clause", "offset": [1116, 1133]}, {"key": "in-order-to", "type": "clause", "offset": [1161, 1172]}, {"key": "purposes-of-the-plan", "type": "clause", "offset": [1206, 1226]}, {"key": "comply-with", "type": "clause", "offset": [1231, 1242]}, {"key": "relating-to", "type": "definition", "offset": [1311, 1322]}, {"key": "credit-transactions", "type": "definition", "offset": [1334, 1353]}, {"key": "the-participant-shall", "type": "clause", "offset": [1355, 1376]}, {"key": "interest-on-the", "type": "clause", "offset": [1381, 1396]}, {"key": "minimum-rate", "type": "definition", "offset": [1419, 1431]}, {"key": "imputed-interest", "type": "definition", "offset": [1451, 1467]}, {"key": "original-issue-discount", "type": "clause", "offset": [1471, 1494]}, {"key": "the-code", "type": "clause", "offset": [1501, 1509]}, {"key": "all-shares", "type": "clause", "offset": [1511, 1521]}, {"key": "from-the-company", "type": "clause", "offset": [1550, 1566]}, {"key": "to-the-company", "type": "clause", "offset": [1584, 1598]}, {"key": "shares-of-stock", "type": "definition", "offset": [1678, 1693]}, {"key": "payments-on-the-note", "type": "clause", "offset": [1746, 1766]}, {"key": "with-interest", "type": "definition", "offset": [1777, 1790]}, {"key": "release-of", "type": "clause", "offset": [1815, 1825]}, {"key": "the-regulations", "type": "clause", "offset": [1852, 1867]}, {"key": "no-default", "type": "definition", "offset": [2017, 2027]}, {"key": "installment-payments", "type": "clause", "offset": [2035, 2055]}, {"key": "the-right-to-vote", "type": "clause", "offset": [2143, 2160]}, {"key": "to-receive", "type": "definition", "offset": [2177, 2187]}], "samples": [{"hash": "8uq2sTRoLuX", "uri": "/contracts/8uq2sTRoLuX#installment-payment", "label": "Stock Incentive Plan (Shenandoah Telecommunications Co/Va/)", "score": 18.0, "published": true}], "snippet": "If the Agreement provides, and if the Participant is employed by the Company on the date the Option is exercised, payment of all or part of the Option price may be made in installments. In that event the Company shall lend the Participant an amount equal to not more than ninety percent (90%) of the Option price of the shares acquired by the exercise of the Option. This amount shall be evidenced by the Participant's promissory note and shall be payable in not more than five equal annual installments, unless the amount of the loan exceeds the maximum loan value for the shares purchased, which value shall be established from time to time by regulations of the Board of Governors of the Federal Reserve System. In that event, the note shall be payable in equal quarterly installments over a period of time not to exceed five years. The Administrator, however, may vary such terms and make such other provisions concerning the unpaid balance of such purchase price in the case of hardship, subsequent termination of employment, absence on military or government service, or subsequent death of the Participant as in its discretion are necessary or advisable in order to protect the Company, promote the purposes of the Plan and comply with regulations of the Board of Governors of the Federal Reserve System relating to securities credit transactions. The Participant shall pay interest on the unpaid balance at the minimum rate necessary to avoid imputed interest or original issue discount under the Code. All shares acquired with cash borrowed from the Company shall be pledged to the Company as security for the repayment thereof. In the discretion of the Administrator, shares of stock may be released from such pledge proportionately as payments on the note (together with interest) are made, provided the release of such shares complies with the regulations of the Federal Reserve System relating to securities credit transactions then applicable. While shares are so pledged, and so long as there has been no default in the installment payments, such shares shall remain registered in the name of the Participant, and he shall have the right to vote such shares and to receive all dividends thereon.", "size": 4, "hash": "c79c7f6da8641e72dd2a99d82b5e19a9", "id": 3}, {"snippet_links": [{"key": "the-option", "type": "clause", "offset": [50, 60]}, {"key": "interest-on-the", "type": "clause", "offset": [152, 167]}, {"key": "balance-of-the", "type": "clause", "offset": [175, 189]}], "samples": [{"hash": "8jdvAnosgkm", "uri": "/contracts/8jdvAnosgkm#installment-payment", "label": "Ground Lease (Boyd Gaming Corp)", "score": 28.1457905544, "published": true}, {"hash": "cZd32TeObct", "uri": "/contracts/cZd32TeObct#installment-payment", "label": "Ground Lease (Revel Entertainment Group, LLC)", "score": 23.6392881588, "published": true}], "snippet": "If, by any law, any such tax is payable or may at the option of the taxpayer be paid in installments, Lessee may pay the tax, together with any accrued interest on the unpaid balance of the tax, in installments as they become due.", "size": 3, "hash": "606426a33eea78c7715ada51e0b35d1d", "id": 5}, {"snippet_links": [{"key": "installment-payment-agreement", "type": "definition", "offset": [46, 75]}, {"key": "monthly-installments", "type": "definition", "offset": [108, 128]}, {"key": "initial-payment", "type": "clause", "offset": [137, 152]}, {"key": "the-purchase", "type": "clause", "offset": [175, 187]}, {"key": "mobile-phone", "type": "definition", "offset": [288, 300]}, {"key": "payment-terms", "type": "definition", "offset": [315, 328]}, {"key": "section-6", "type": "definition", "offset": [345, 354]}, {"key": "property-of-the-customer", "type": "definition", "offset": [441, 465]}, {"key": "ownership-of-the-device", "type": "clause", "offset": [505, 528]}, {"key": "obligation-to", "type": "clause", "offset": [569, 582]}, {"key": "agreement-or", "type": "definition", "offset": [617, 629]}], "samples": [{"hash": "1qWCfeJ2j4u", "uri": "/contracts/1qWCfeJ2j4u#installment-payment", "label": "Special Provisions for Mobile Services", "score": 24.3689935258, "published": true}, {"hash": "98yvnFS7WPY", "uri": "/contracts/98yvnFS7WPY#installment-payment", "label": "Special Provisions for Mobile Services", "score": 20.6550308008, "published": true}, {"hash": "lXYBbHvRFPF", "uri": "/contracts/lXYBbHvRFPF#installment-payment", "label": "Special Provisions for Mobile Services", "score": 19.4120465435, "published": true}], "snippet": "If Sunrise and the customer have concluded an installment payment agreement, the num- ber and amount of the monthly installments and any initial payment shall be specified in the purchase and installment payment agree- ment. The monthly installments will be char- ged to the bill for the mobile phone contract. The payment terms are governed by section 6 GTC. The installment payment is interest- and charge-free. The financed device is the property of the customer. Theft, loss, surrender or transfer of ownership of the device shall not release the customer from the obligation to fulfill the in- stallment payment agreement or from paying the installments.", "size": 3, "hash": "893a8497a6dd2d25265c11a44b7141bf", "id": 4}, {"snippet_links": [{"key": "payment-of", "type": "definition", "offset": [18, 28]}, {"key": "prior-to-the", "type": "clause", "offset": [52, 64]}, {"key": "first-semester", "type": "clause", "offset": [65, 79]}, {"key": "room-and-board-charges", "type": "clause", "offset": [142, 164]}, {"key": "section-10", "type": "definition", "offset": [271, 281]}, {"key": "this-contract", "type": "clause", "offset": [285, 298]}], "samples": [{"hash": "1BRAz4IpTUC", "uri": "/contracts/1BRAz4IpTUC#installment-payment", "label": "Housing Contract", "score": 28.5864161335, "published": true}, {"hash": "PuQly5KCH", "uri": "/contracts/PuQly5KCH#installment-payment", "label": "Housing Contract", "score": 28.0690536609, "published": true}], "snippet": "a. An installment payment of $200 must be submitted prior to the first semester of occupancy. This installment payment will be applied to the room and board charges of the first semester of occupancy.\nb. The installment payment is refundable only under the provisions of Section 10 of this Contract.", "size": 2, "hash": "da88e14579af237fa5eaf3fa090f0bb7", "id": 8}, {"snippet_links": [{"key": "to-the-seller", "type": "definition", "offset": [67, 80]}, {"key": "asset-number", "type": "definition", "offset": [84, 96]}, {"key": "exhibit-a", "type": "clause", "offset": [134, 143]}, {"key": "price-related", "type": "definition", "offset": [192, 205]}, {"key": "defend-and-hold-harmless", "type": "clause", "offset": [266, 290]}, {"key": "opco-indemnitees", "type": "definition", "offset": [304, 320]}, {"key": "section-91", "type": "definition", "offset": [354, 365]}, {"key": "any-loss", "type": "definition", "offset": [379, 387]}, {"key": "related-to", "type": "clause", "offset": [422, 432]}, {"key": "arising-out-of", "type": "definition", "offset": [436, 450]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [473, 513]}, {"key": "subject-to-the", "type": "definition", "offset": [569, 583]}, {"key": "limitation-on-indemnities", "type": "clause", "offset": [584, 609]}, {"key": "section-93", "type": "clause", "offset": [626, 637]}, {"key": "this-agreement", "type": "clause", "offset": [641, 655]}], "samples": [{"hash": "1YG8wsXGBNw", "uri": "/contracts/1YG8wsXGBNw#installment-payment", "label": "Asset Purchase Agreement (Landmark Infrastructure Partners LP)", "score": 26.9685147159, "published": true}, {"hash": "9zcVgv21bMe", "uri": "/contracts/9zcVgv21bMe#installment-payment", "label": "Asset Purchase Agreement", "score": 26.394934976, "published": true}], "snippet": "On January 4, 2016, Landmark shall pay the amount of $1,118,628.98 to the seller of Asset Number BB154338, as further shown herein on Exhibit A, as a final installment payment of the purchase price related thereto (the \u201cBB154338 Payment\u201d). Landmark shall indemnify, defend and hold harmless OpCo and the OpCo Indemnitees (as more specifically defined in Section 9.1 herein) from any Loss actually suffered or incurred by, related to or arising out of the BB154338 Payment. Notwithstanding anything to the contrary as set forth herein, the BB154338 Payment shall not be subject to the limitation on indemnities as set forth in Section 9.3 of this Agreement.", "size": 2, "hash": "af960f6efe3be4484a6e34ae42689596", "id": 10}, {"snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [0, 12]}, {"key": "right-to", "type": "definition", "offset": [22, 30]}, {"key": "the-lessor", "type": "clause", "offset": [54, 64]}, {"key": "agreement-or", "type": "definition", "offset": [98, 110]}, {"key": "permitted-by-law", "type": "clause", "offset": [167, 183]}, {"key": "payment-of", "type": "definition", "offset": [198, 208]}, {"key": "assessments-in-installments", "type": "clause", "offset": [223, 250]}, {"key": "to-pay", "type": "clause", "offset": [283, 289]}, {"key": "at-the-end-of", "type": "clause", "offset": [325, 338]}, {"key": "renewed-term", "type": "definition", "offset": [360, 372]}, {"key": "after-occupancy", "type": "clause", "offset": [373, 388]}, {"key": "the-lessee", "type": "clause", "offset": [392, 402]}], "samples": [{"hash": "iuJDW4V7iPC", "uri": "/contracts/iuJDW4V7iPC#installment-payment", "label": "Lease Agreement (American Aircarriers Support Inc)", "score": 16.0, "published": true}, {"hash": "fNyKnl1V7ft", "uri": "/contracts/fNyKnl1V7ft#installment-payment", "label": "Lease Agreement (American Aircarriers Support Inc)", "score": 16.0, "published": true}, {"hash": "eu4TFxKKhvM", "uri": "/contracts/eu4TFxKKhvM#installment-payment", "label": "Lease Agreement (American Aircarriers Support Inc)", "score": 16.0, "published": true}], "snippet": "Lessee shall have the right to execute in the name of the Lessor and as its attorney in fact such agreement or agreements or other instrument which may be required or permitted by law to permit the payment of such taxes or assessments in installments, but Lessee shall not be liable to pay any installments for taxes not due at the end of this original or any renewed term after occupancy of the Lessee has closed.", "size": 7, "hash": "9841bfe180464a1721c59bab55abf863", "id": 2}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhxpbnN0YWxsbWVudC1wYXltZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["method-of-exercise", "Method of Exercise"], ["lessees-covenants", "Lessees Covenants"], ["taxes", "Taxes"], ["grant-of-license", "GRANT OF LICENSE"], ["general-conditions", "General Conditions"]], "title": "Installment Payment", "children": [["2nd-installment-payment", "2nd Installment Payment"], ["first-appeal", "First Appeal"], ["complaints", "Complaints"], ["second-appeal", "Second Appeal"], ["", ""]], "size": 52, "id": "installment-payment", "related": [["installment-payments", "Installment Payments", "<strong>Installment Payments</strong>"], ["treatment-of-installment-payments", "Treatment of Installment Payments", "Treatment of <strong>Installment Payments</strong>"], ["settlement-payment", "Settlement Payment", "Settlement Payment"], ["payment-amount", "Payment Amount", "Payment Amount"], ["upfront-payment", "Upfront Payment", "Upfront Payment"]], "related_snippets": [], "updated": "2025-07-07T16:38:45+00:00", "also_ask": ["What key terms must be included to ensure enforceability of an installment payment clause?", "How can the clause be structured to protect against debtor default or late payments?", "What negotiation levers exist regarding acceleration, interest, or penalties for missed installments?", "How do installment payment clauses compare legally to lump-sum payment provisions in similar contracts?", "What are the most common pitfalls that render installment payment clauses unenforceable in court?"], "drafting_tip": "Specify payment amounts and due dates to prevent disputes; define consequences for late payments to ensure compliance; clarify acceptable payment methods to avoid confusion.", "explanation": "The Installment Payment clause establishes that payments for goods or services will be made in multiple, scheduled portions rather than as a single lump sum. Typically, this clause outlines the timing, amount, and conditions for each installment, such as requiring payment upon completion of specific project milestones or at regular intervals. Its core practical function is to facilitate cash flow management for both parties and to reduce financial risk by tying payments to progress or delivery."}, "json": true, "cursor": ""}}