Common use of Payment of Annuity Clause in Contracts

Payment of Annuity. Community College League of California hereby agrees to bind itself and its successors to pay enter text age enter text an annuity or annual sum of $enter text commencing on enter text enter text, and continuing for and during the rest of enter text life. If enter text age enter text., survives enter text Community College League of California shall continue to make the same annuity payments to enter text for and during enter text life under the same terms and conditions as herein set forth. The annual annuity amount shall be paid by check or electronic transfer of funds in enter text installments of $enter text in each year.

Payment of Annuity. Community College League of California hereby agrees to bind itself and its successors to pay enter text text
, enter text
, age enter text text
, an annuity or annual sum of $enter text text
, commencing on enter text text
, enter texttext
, and continuing for and during the rest of enter text text
life. If enter text age enter text., survives enter text Community College League of California shall continue to make the same annuity payments to enter text for and during enter text life under the same terms and conditions as herein set forth. The annual annuity amount shall be paid by check or electronic transfer of funds in enter text text
installments of $enter text text
in each year.