Examples of Installment in a sentence
DOCX.1} “Payment Amount” means, at any point in time with respect to any Notes at any time, the sum of: (a) the Original Principal Amount of this Note or the Default Amount (as applicable), at such time, less (b) all Minimum Installment Payments and any prepayments made, if any, plus (c) all other amounts, costs, and expenses due under or in respect of this Note.
On each Scheduled Payment Date, the Company shall make a payment of the principal under this Note in an amount of $69,500 for forty (40) consecutive weeks (each a “Minimum Installment Payment”) until the entire Outstanding Principal Amount shall have been paid in full.
The Severance Pay will be paid in equal installments (each individual payment an “Installment”) over the course of twenty-four (24) months (“Severance Period”), in accordance with the Company’s standard payroll procedures and schedule; except that, the first Installment will be paid no later than the first regularly scheduled pay date following the Subsequent Release Effective Date (defined in the Subsequent Release), which in no case shall be prior to the Separation Date.