Principal Repayment Period Terms Sample Clauses

Principal Repayment Period Terms. During the Principal Repayment Period, unless I am approved for an Academic Deferment or Qualified Residency, I will make monthly amortized payments of principal and interest until I have paid all of the principal and interest and all other charges and fees payable under this Note. The monthly payments will be due on the dates specified in the monthly statements you will send the Borrower. If I receive an Academic Deferment or Qualified Residency, I will resume making full principal and interest payments after the end of the Academic Deferment Period or Qualified Residency. The amount of the monthly payments will be determined at the time the Principal Repayment Period begins and such amount will be the amount necessary to amortize the remaining unpaid principal balance (including any Capitalized Interest or other capitalized charges and fees added to the principal amount) of the Loan in equal installments of principal and interest at the Interest Rate over the number of months remaining in the Principal Repayment Period. The monthly amortized payment amount so determined will be specified in the monthly statements you will send to the Borrower. The monthly amortized payment amount shall be recalculated following any subsequent disbursement of Loan proceeds by you or the capitalization of interest or other charges and fees permitted under this Note. The monthly payment amount will not be recalculated following a prepayment of principal or other amounts due under this Note. I understand that the maximum duration of the Principal Repayment Period is the number of months specified in the repayment schedule in the Final Disclosure Statement, plus the length of any Academic Deferment or Qualified Residency Period that I am granted. If I receive an Academic Deferment or Qualified Residency, my monthly payment amount shall be recalculated at the end of the Academic Deferment or Qualified Residency Period to equal the amount necessary to amortize the unpaid principal balance (including Capitalized Interest) over the number of months remaining in the Principal Repayment Period. I understand that if I receive an Academic Deferment or Qualified Residency, my payments will be larger than they would be if I did not request and receive an Academic Deferment or Qualified Residency.
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Related to Principal Repayment Period Terms

  • Allocation of Subordinate Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Average Log Length and Payment Reduction If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) 1/10th) Where: B = Bid rate from P-028.2 clause V = total delivered log Volume L = Length in feet below specified average (rounded to nearest Average log length payment reductions calculated by the Purchaser must be approved by the State, prior to payment for the final billing period. Third-party scaling organization information is required to determine Xxxxxxxx mbf and Average log length for payment reduction purposes. Average log length is determined on a piece count basis. Value of log length price reduction will be derived from the applicable sort value as described in this contract. Scale information for determining Average log length for payment reduction eligibility must be obtained from roll-out scale. Truck-ramp, sample scaling, and/or bundle scaling information is not acceptable for determining eligibility. Purchaser’s exclusive remedy for below average log lengths shall be the payment reduction described in this clause, notwithstanding other provisions in the Uniform Commercial Code.

  • Funding Period and Termination 17.1. The Commissioner does not commit to renew or continue financial support to the Recipient after the Funding Period.

  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Date Increment Due Increments shall accrue and become due and payable on the next day following completion of required service as an employee in the class, unless otherwise provided herein.

  • Payment Period Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within forty (40) days following the date of termination), the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Withdrawal Period 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made:

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Reductions in Class Principal Balances of the Notes On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be reduced (in each case without regard to any exchanges of Exchangeable Notes for MAC Notes), without any corresponding payment of principal, by the amount of the reduction, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Tranche Write-down Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(b) above. If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Tranche Write-down Amounts that are allocable to Exchangeable Notes that were exchanged for such MAC Notes will be allocated to reduce the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

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