Payment Plan Agreements Sample Clauses

A Payment Plan Agreements clause outlines the terms under which a party may pay amounts owed in installments rather than as a lump sum. Typically, it specifies the payment schedule, amounts due at each interval, and any applicable interest or penalties for late payments. This clause provides flexibility for the paying party while ensuring the receiving party has a clear timeline for when payments will be made, thereby reducing the risk of misunderstandings or disputes over payment obligations.
Payment Plan Agreements. If this Agreement was purchased on a payment plan, the failure to make monthly payments in a timely manner will result in cancellation of this Agreement, unless State Law mandates otherwise. Unpaid late fees will also be posted to Your balance due. The funding party shall be entitled to any refund resulting from cancellation for any reason. Where permitted by State Law, the settlement of any claim may first be applied to reduce any unpaid, outstanding payment plan balance on an Agreement.
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Payment Plan Agreements. If this Agreement is purchased on a payment plan, failure to make timely payments will result in cancellation with no refund due unless State Law mandates otherwise. Should a claim arise before this Agreement is paid in full, the balance owed will be deducted from the claim payment unless State Law mandates otherwise.
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Payment Plan Agreements. If this Extended Warranty was purchased on a payment plan, the failure to make monthly payments in a timely manner will result in cancellation of this Extended Warranty, unless state law mandates otherwise. The funding party shall be entitled to any refund resulting from cancellation for any reason.
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Payment Plan Agreements. A Guide to Managing Debt When a debt is owed by a debtor in the [DEBT AMOUNT OWED] field, it's essential to establish a clear payment plan. This involves entering the amount to be paid immediately under [FIRST PAYMENT AMOUNT], specifying the monthly installment amount in [MONTHLY INSTALLMENT AMOUNT], and choosing the payment method (cash, check, or bank transfer). The "Payment Method" section should clearly state the agreed-upon method. The agreement must also include details on warranties and acceleration upon breach. Reviewing these sections will ensure that both parties are aware of the terms in case of any violations. Note that California law governs the agreement, but adjust as necessary to fit your jurisdiction. Before signing, both parties should thoroughly review the entire agreement for accuracy and completeness. The agreement should be signed and dated in the provided signature fields, including addresses and dates where indicated. A payment plan agreement is a legal contract outlining how a debtor will pay back the creditor. A creditor can set up a payment plan agreement to make the debtor's repayments more manageable, improving their chances of receiving the total debt amount back. Common uses for payment plans include: * Loans: Payment agreements are useful for loans between individuals, businesses, and financial institutions. * Purchases: Businesses may create payment agreements for customers buying high-value items, such as specialized equipment or vehicles. * Debts: These documents can outline the repayment plans for outstanding debts, such as medical bills or credit card debt. * Taxes: Tax payment agreements describe the repayment conditions for businesses and individuals owing taxes to government agencies. * Services: Payment agreements are common in service-based industries, such as home repairs or consulting. * Rent: Landlords may use these documents to establish rent payment plans with tenants experiencing temporary financial hardships. Standard inclusions to include: * Parties' information: Identify the names and addresses of the creditor and debtor. * Debt acknowledgment: Outline the specific debt amount, reason for the debt, and other details relating to the obligation. * Payment schedule: Specify the timing and amounts of payments the debtor will make to the creditor. * Payment methods: Clarify if the borrower will pay the full amount as a lump sum or in installments. If regular payments are agreed upon, decide on the payment frequ...
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Related to Payment Plan Agreements

  • Payment Plans Employees covered by the Samaritan Choice medical insurance plan who have outstanding balances that are payable to Samaritan Health Services for in network, covered, and authorized (if medically necessary) services will be provided payment plan offerings upon request from the employee. The request will be made to Patient Financial Services, and may be directed through the Hospital Patient Financial Counselor. Patient Financial Services will work with employees to identify the appropriate payment arrangement based on the employee financial needs/eligibility. Within 120 days from first patient statement, employees must contact Patient Financial Services and identify themselves as a SHS SEIU member and ask for a payment plan arrangement that does not exceed six percent (6%) of their household income. Such requests will be granted using the existing SHS payment options and funding programs. To be eligible for a payment plan, employees must comply with all requirements for establishing appropriate payment options/eligibility, including the completion of a financial assistance application with supporting documentation. Employees who comply with all terms of the payment plan(s) will not be subject to collections or wage garnishment.

  • Payment Plan Despite the payment terms in Annexure B, We may, but are not obliged to, enter into a specific payment plan with You if You can demonstrate a financial need. However, any payment plans: (a) will require all Accommodation Fee payments to be made in advance; and (b) must be agreed by Us and You prior to the Commencement Date.

  • Distribution Agreements Subject to compliance with applicable provisions of the 1940 Act, the Board of Trustees may enter into a contract or contracts with one or more Persons to act as underwriters and/or placement agents whereby the Trust may either agree to sell Shares of the Trust, any Series or Class to the other party or parties to the contract or appoint such other party or parties its sales agent or agents for such Shares. In either case, the contract shall be on such terms and conditions as the Board of Trustees may in its discretion determine, not inconsistent with the provisions of this Section 5.12 or the By-laws; and such contract may also provide for the repurchase or sale of Shares of the Trust, any Series or Class by such other party as principal or as agent of the Trust and may provide that such other party may enter into selected dealer agreements with registered securities dealers and brokers and servicing and similar agreements with Persons who are not registered securities dealers to further the purposes of the distribution or repurchase of such Shares.

  • What Forms of Distribution Are Available from a ▇▇▇▇▇▇▇▇▇ Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Revenue Sharing Agreement This Note is subject to the Company’s Revenue Sharing Agreement attached hereto as Exhibit B as if all the terms of the Revenue Sharing Agreement were set forth in this Note.