Common use of Other Payment Clause in Contracts

Other Payment. We will pay the Proceeds in any other manner that may be mutually agreed upon. AVAILABILITY No Option may be selected unless the amount to be applied is more than $2,000 and will provide an installment payment of at least $20. Unless We consent, these Options will not be available if the payee is an assignee, administrator, executor, trustee, association, partnership or corporation. ADDITIONAL INTEREST At our discretion, additional interest may be declared annually on all Payment Options. This interest will lengthen the period under Option 2, and increase the installment amounts under Options 3 and 4.

Other Payment. We will pay the Proceeds in any other manner that may be mutually agreed upon. AVAILABILITY No Option may be selected unless the amount to be applied is more than $2,000 and will provide an installment payment of at least $20. Unless We consent, these Options will not be available if the payee is an assignee, administrator, executor, trustee, association, partnership or corporation. ADDITIONAL INTEREST At our Our discretion, additional interest may be declared annually on all Payment Options. This interest will lengthen the period under Option 2, and increase the installment amounts under Options 3 and 4.. OPTION 3 TABLE MINIMUM MONTHLY INSTALLMENT PAYMENT PER $1,000 APPLIED