Common use of Adjustment of Payments Clause in Contracts

Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. If the Adjustment Date occurs after September 16, 1996 and the Final T-Note Average exceeds the Preliminary T-Note Average, then the Preliminary payments shall be revised. For each increase of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows: o Each of the five (5) payments in the amount of $4,641.75 shall remain unchanged. o Each of the fifty-nine (59) payments in the amount of $20,868.96 shall increase by $5.81 Immediately after the determination of the revised payments due under the Contract, Obligor shall, at the request of I.R., execute an acknowledgment reflecting the revised payment schedule and, if requested by I.R., a Replacement Contract containing the agreed to payments, but the failure of I.R. to make such a request or the failure of Obligor to execute the acknowledgment or Replacement Contract shall in no way diminish Obligor's obligations hereunder.

Adjustment of Payments. The Preliminary Payments were calculated based ---------------------- on a spread over the Preliminary T-Note Average. If the Adjustment Date occurs after September 16June 17, 1996 1998 and the Final T-Note Average exceeds the Preliminary T-Note Average, then the Preliminary payments Payments shall be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows: o follows (complete below as applicable): . The $18,349.38 payment due upon execution shall remain unchanged. ---------- . Each of the five (5) 46 payments in the amount of $4,641.75 shall remain unchanged. o Each of the fifty-nine (59) payments in the amount of $20,868.96 18,349.38 shall increase or -- ---------- decrease by $5.81 3.81. ----- Immediately after the determination of the revised payments due under the Contract, Obligor shall, at the request of I.R., P.C. execute an acknowledgment acknowledgement reflecting the revised payment schedule and, if requested by I.R., P.C. a Replacement Contract containing the agreed to payments, but the failure of I.R. P.C. to make such a request or the failure of Obligor to execute the acknowledgment acknowledgement or Replacement Contract shall in no way diminish Obligor's obligations hereunder.

Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. If the Adjustment Date occurs after September 16December 31, 1996 and the Final T-Note Average exceeds the Preliminary T-Note Average, then the Preliminary payments shall be revised. For each increase of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows: o Each of the five (5) payments in the amount of The $4,641.75 117,400.53 payment due upon execution shall remain unchanged. o Each of the fiftyforty-nine five (5945) payments in the amount of $20,868.96 39,133.50 shall increase by $5.81 5.80. Immediately after the determination of the revised payments due under the ContractAgreement, Obligor shall, at the request of I.R., execute an acknowledgment reflecting the revised payment schedule and, if requested by I.R., a Replacement Contract Agreement containing the agreed to payments, but the failure of I.R. to make such a request or the failure of Obligor to execute the acknowledgment or Replacement Contract Agreement shall in no way diminish Obligor's obligations hereunder.

Adjustment of Payments. The Preliminary Payments were calculated based ---------------------- on a spread over the Preliminary T-Note Average. If the Adjustment Date occurs after September 16June 17, 1996 1998 and the Final T-Note Average exceeds the Preliminary T-Note Average, then the Preliminary payments Payments shall be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows: o follows (complete below as applicable): . The $30,200.56 payment due upon execution shall remain unchanged. . Each of the five (5) 46 payments in the amount of $4,641.75 shall remain unchanged. o Each of the fifty-nine (59) payments in the amount of $20,868.96 30,200.56 shall increase or decrease by $5.81 6.12. Immediately after the determination of the revised payments due under the Contract, Obligor shall, at the request of I.R., P.C. execute an acknowledgment acknowledgement reflecting the revised payment schedule and, if requested by I.R., P.C. a Replacement Contract containing the agreed to payments, but the failure of I.R. P.C. to make such a request or the failure of Obligor to execute the acknowledgment acknowledgement or Replacement Contract shall in no way diminish Obligor's obligations hereunder.

Adjustment of Payments. The Preliminary Payments were calculated based on a spread over the Preliminary T-Note Average. If the Adjustment Date occurs after September 16December 3, 1996 and the Final T-Note Average exceeds the Preliminary T-Note Average, then the Preliminary payments shall be revised. For each increase of one (1) basis point (i.e., 1/100 of 1%) in the Final T-Note Average above the Preliminary T-Note Average, the Preliminary Payments shall be revised as follows: o Each of the five (5) payments in the amount of The $4,641.75 99,940.50 payment due upon execution shall remain unchanged. o Each of the fiftyforty-nine five (5945) payments in the amount of $20,868.96 33,313.50 shall increase by $5.81 5.85 Immediately after the determination of the revised payments due under the ContractAgreement, Obligor shall, at the request of I.R., execute an acknowledgment reflecting the revised payment schedule and, if requested by I.R., a Replacement Contract Agreement containing the agreed to payments, but the failure of I.R. to make such a request or the failure of Obligor to execute the acknowledgment or Replacement Contract Agreement shall in no way diminish Obligor's obligations hereunder.