Examples of Borrowing Period in a sentence
Monthly principal payments will be initially determined for the Equipment Loans made during the Initial Borrowing Period and the amount of such monthly principal payments shall be increased upon the completion of each such subsequent Borrowing Period by the Amortization Amount for each such subsequent Borrowing Period.
After the expiration of the Borrowing Period, your Account will enter a "Repayment Period".
The minimum monthly payment does not reflect the membership fee, which is charged once a year during the Borrowing Period.
In order to maintain an account, you must pay us an Annual Membership Fee of $50.00 due each year during the Borrowing Period.
During the Borrowing Period, payments will be due monthly and will equal the interest that has accrued on outstanding balances plus any fees that you owe us.