Examples of Installment Payments in a sentence
If the LEA exercises its option to prepay its obligations to pay the Installment Payments pursuant to an Appendix in full, the Prepayment Price shall be the amount shown as such on the Payment Schedule attached to the Appendix.
The Installment Payments will be payable without notice or demand at such address as CONTRACTOR has designated and provided in writing to the LEA and to the Board.
Notwithstanding the provisions of Section 11.d of the General Terms and Conditions attached hereto as Exhibit A, and if no event of default exists, the LEA may at its option elect to prepay the Installment Payments due pursuant to an Appendix in full on the dates indicated on “Part 2--Payment Schedule” attached to each Appendix.
If the LEA terminates this Agreement because of nonappropriation of funds in accordance with the provisions of this Section 8.01, the LEA shall return the Accepted Buses to CONTRACTOR in the manner described in Section 5.01 hereof and all obligations of the LEA to pay Installment Payments coming due following such termination shall cease without penalty or expense to the LEA of any kind.
Pursuant to the Master Facilitator Agreement, and subject to Section 4.03 hereof, the Board will direct funds allocated to the LEA by the General Assembly of the State for the replacement of buses to pay, on behalf of the LEA, the Installment Payments to CONTRACTOR .