Repayment Installments Sample Clauses
The Repayment Installments clause sets out the requirement for a borrower to repay a loan in a series of scheduled payments rather than as a single lump sum. Typically, this clause details the frequency of payments (such as monthly or quarterly), the amount due with each installment, and any applicable interest calculations. By structuring repayment over time, this clause helps ensure predictable cash flow for the lender and makes repayment more manageable for the borrower, thereby reducing the risk of default and providing clarity on payment expectations.
Repayment Installments. The Borrowers jointly and severally agree to repay the principal amount of the Loan in equal installments on the last day of each Interest Period (excluding the Repayment Date) in amounts totaling $5,000,000 per 12-month period, provided that the amount to be repaid pursuant to this Section 6.2 shall not exceed $32,500,000 in the aggregate.