Amortization Schedule Sample Clauses
An Amortization Schedule clause defines the timeline and structure for repaying a loan or debt in regular installments over a specified period. It typically outlines the amount of each payment, how much of each payment goes toward principal versus interest, and the dates on which payments are due. By providing a clear breakdown of the repayment process, this clause ensures both parties understand their financial obligations and helps prevent disputes over payment amounts or timing.
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Amortization Schedule. An initial amortization schedule is enclosed. It was prepared using your estimated completion date in the Project Agreement and the full loan amount. It should be considered a preliminary glance at the anticipated loan payments and due dates for this loan. Please retain this schedule until the project is completed and the loan is put into billing. At that time, a revised amortization schedule will be provided to you. • All invoices are mailed by the Commission on a semiannual basis 45 days prior to the due date. Payments are due on the last business day in January and on July 1st of each year. • The loan may be paid in full at any time; however, the OPWC does not accept loan payments over the invoiced amount if the loan is not being paid in full. • We do not accept electronic funds transfers or lock box deposits. Call ▇▇▇▇▇ ▇▇▇▇▇▇, Loan Officer, at 614.728.2466 or e-mail her at ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇▇▇▇.▇▇.▇▇. Additional information is located on the loan page of our web site at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇▇▇.▇▇.▇▇. Due to tax regulations issued by the Internal Revenue Service, the Ohio Public Works Commission (OPWC) must follow guidelines relating to the disbursement of funds to local subdivisions who have received a loan. These regulations apply only when the OPWC is reimbursing the local subdivision for paid construction-related project costs already incurred, including in-kind and force account work. If the local government does not plan to seek reimbursement from the OPWC for project costs, i.e., the Commission will pay all contractors directly, these regulations do not affect you. If you are not seeking reimbursement, you only need to return the enclosed "Notification of Disbursement Method" to us indicating this choice. NOTE: If you elect to change your selection you must resubmit the form with an adopted Declaration of Official Intent as described below. You may only resubmit if you are within 60 days of the start of construction (see item 2. below). If the local government plans to seek reimbursement from the Commission for any project construction costs, a "Declaration of Official Intent" (i.e. Resolution) must be adopted. Enclosed is a sample Resolution. If you intend to seek reimbursement, you must return the enclosed "Notification of Disbursement Method" indicating this choice AND your passed Resolution to our office. The Resolution will allow the OPWC and local subdivision to comply with the federal regulations which pertain to the proceeds of tax exempt ...
Amortization Schedule. Subject to the provisions of paragraph 2 of this Schedule, the Borrower shall repay each Disbursed Amount in semiannual installments payable on each April 15 and October 15, the first installment to be payable on the eleventh (11th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount and the last installment to be payable on the thirtieth (30th) Interest Payment Date following the Maturity Fixing Date for the Disbursed Amount. Each installment except for the last one shall be equal to one-twentieth (1/20th) of the Disbursed Amount. The last installment shall be equal to the remaining outstanding amount of the Disbursed Amount.
Amortization Schedule. We do not provide an initial amortization schedule at the time of project agreement release but maintain a "Loan Summary Spreadsheet" on our website on the Financial Tab under "Loans". Once your loan is put into billing an amortization schedule will be posted to the same website, with a copy mailed to the Chief Financial Officer the month following project closeout.
Amortization Schedule. (a) The Final Amortization Date is the date twenty (20) years from the date of signature of this Contract. The Original WAL of the Loan is twelve point seven five (12.75) years.
(b) The Loan shall be repaid by the Borrower in semiannual, consecutive and as far as possible, equal installments. The first installment shall be due on the expiration date of the sixty-six
Amortization Schedule. On or prior to the Scooter Lease Commencement Date for each Scooter, the Lessor shall establish or cause to be established a schedule of the amortization amounts due with respect to such Scooter (which may be the Amortization Schedule attached as Schedule II to the Loan Agreement).
Amortization Schedule. The outstanding principal and accrued interest balance of the Term Loan evidenced by this Term Note shall amortize in 58 consecutive monthly installments in the amounts and on the dates set forth below with such payments due on the first day of each calendar month commencing on the first day of the calendar month following the Closing Date. The remaining outstanding principal and accrued interest balance (if any) of this Term Note shall be paid on the Maturity Date of such Term Loan. 10/01/12 $ - $ 93,000.00 11/01/12 $ 1,021.06 $ - $ 93,000.00 12/01/12 $ 988.13 $ - $ 93,000.00 01/01/13 $ 1,021.06 $ - $ 93,000.00 02/01/13 $ 1,021.06 $ - $ 93,000.00 03/01/13 $ 922.25 $ - $ 93,000.00 04/01/13 $ 1,021.06 $ - $ 93,000.00 05/01/13 $ 988.13 $ - $ 93,000.00 06/01/13 $ 1,021.06 $ - $ 93,000.00 07/01/13 $ 988.13 $ - $ 93,000.00 08/01/13 $ 1,021.06 $ - $ 93,000.00 09/01/13 $ 1,021.06 $ - $ 93,000.00 10/01/13 $ 988.13 $ - $ 93,000.00 11/01/13 $ 1,021.06 $ - $ 93,000.00 12/01/13 $ 988.13 $ - $ 93,000.00 01/01/14 $ 1,021.06 $ - $ 93,000.00 02/01/14 $ 1,021.06 $ 1,162.50 $ 91,837.50 03/01/14 $ 910.72 $ 1,162.50 $ 90,675.00 04/01/14 $ 995.54 $ 1,162.50 $ 89,512.50 05/01/14 $ 951.07 $ 1,162.50 $ 88,350.00 06/01/14 $ 970.01 $ 1,162.50 $ 87,187.50 07/01/14 $ 926.37 $ 1,162.50 $ 86,025.00 08/01/14 $ 944.48 $ 1,162.50 $ 84,862.50 09/01/14 $ 931.72 $ 1,162.50 $ 83,700.00 10/01/14 $ 889.31 $ 1,162.50 $ 82,537.50 11/01/14 $ 906.19 $ 1,162.50 $ 81,375.00 12/01/14 $ 864.61 $ 1,162.50 $ 80,212.50 01/01/15 $ 880.67 $ 1,162.50 $ 79,050.00 02/01/15 $ 867.90 $ 1,162.50 $ 77,887.50 03/01/15 $ 772.38 $ 1,162.50 $ 76,725.00 04/01/15 $ 842.38 $ 1,162.50 $ 75,562.50 05/01/15 $ 802.85 $ 1,162.50 $ 74,400.00 06/01/15 $ 816.85 $ 1,162.50 $ 73,237.50 07/01/15 $ 778.15 $ 1,162.50 $ 72,075.00 08/01/15 $ 791.32 $ 1,162.50 $ 70,912.50 09/01/15 $ 778.56 $ 1,162.50 $ 69,750.00 10/01/15 $ 741.09 $ 1,162.50 $ 68,587.50 11/01/15 $ 753.03 $ 1,162.50 $ 67,425.00 12/01/15 $ 716.39 $ 1,162.50 $ 66,262.50 01/01/16 $ 727.51 $ 1,162.50 $ 65,100.00 02/01/16 $ 714.74 $ 1,162.50 $ 63,937.50 03/01/16 $ 656.69 $ 1,162.50 $ 62,775.00 04/01/16 $ 689.22 $ 1,162.50 $ 61,612.50 05/01/16 $ 654.63 $ 1,162.50 $ 60,450.00 06/01/16 $ 663.69 $ 1,162.50 $ 59,287.50 07/01/16 $ 629.93 $ 1,162.50 $ 58,125.00 08/01/16 $ 638.16 $ 1,162.50 $ 56,962.50 09/01/16 $ 625.40 $ 1,162.50 $ 55,800.00 10/01/16 $ 592.88 $ 1,162.50 $ 54,637.50 11/01/16 $ 599.87 $ 1,162.50 $ 53,475.00 12/01/16 $ 568.17 $ 1,162.50 $ 52,312.50 01/01/17 $ 574.35 $ 1...
Amortization Schedule. The Borrower shall repay the principal amount of the Loan in full on October 15, 2026.
Amortization Schedule. In the event an Officer's Certificate of the Company is delivered to the Custodian because of a delay caused by the public recording office in returning any recorded document, the Company shall deliver to the Custodian, within 90 days of the related Closing Date, an Officer's Certificate which shall (i) identify the recorded document, (ii) state that the recorded document has not been delivered to the Custodian due solely to a delay caused by the public recording office, (iii) state the amount of time generally required by the applicable recording office to record and return a document submitted for recordation, and (iv) specify the date the applicable recorded document will be delivered to the Custodian. The Company shall be required to deliver to the Custodian the applicable recorded document by the date specified in (iv) above. An extension of the date specified in (iv) above may be requested from the Purchaser, which consent shall not be unreasonably withheld. EXHIBIT C MORTGAGE LOAN DOCUMENTS The Mortgage Loan Documents for each Mortgage Loan shall include each of the following items, which shall be delivered to the Custodian pursuant to Section 2.01 of the Seller's Warranties and Servicing Agreement to which this Exhibit is annexed (the "Agreement"):
(A) The original Mortgage Note bearing all intervening endorsements, endorsed, "Pay to the order of ________________, without recourse" and signed in the name of the Company or the originator by an authorized officer. In the event that the Mortgage Loan was acquired by the Company in a merger, the endorsement must be by "IndyMac Bank, F.S.B., successor by merger to [name of predecessor]"; and in the event that the Mortgage Loan was acquired or originated by the Company while doing business under another name, the endorsement must be by "IndyMac Bank, F.S.B., formerly known as [previous name]".
(B) The original Mortgage, with evidence of recording thereon or, with respect to each Cooperative Loan, the original Pledge Agreement. If in connection with any Mortgage Loan, the Company cannot deliver or cause to be delivered the original Mortgage with evidence of recording thereon on or prior to the related Closing Date because of a delay caused by the public recording office where such Mortgage has been delivered for recordation or because such Mortgage has been lost or because such public recording office retains the original recorded Mortgage, the Company shall deliver or cause to be delivered to the Purchas...
Amortization Schedule. No later than 10:00 a.m., New York City time, on the Business Day prior to the Scheduled Delivery Date, Security Agent shall deliver the amortization schedule for the Aircraft to Borrower and Borrower shall no later than 5:00 p.m., New York City time, on such day deliver written confirmation of such amortization schedule to Security Agent. In the event a Postponement Notice is delivered pursuant to Section 2.2(e), Security Agent shall deliver to Borrower by 10:00 a.m., New York City time, on the Business Day prior to the date to which the Scheduled Delivery Date is so postponed or as promptly as practicable thereafter, an amortization schedule reflecting the postponed Scheduled Delivery Date for the Aircraft and Borrower shall deliver by 5:00 p.m., New York City time, on such day or as promptly as practicable thereafter, written confirmation of such schedule to Security Agent.
Amortization Schedule. (a) The Final Amortization Date is twenty (20) years from the date of signature of this Contract. The Original WAL of the Loan is eleven point seventy-five (11.75) years.
(b) The Loan shall be repaid by the Borrower in semiannual, consecutive and as far as possible, equal installments. The first installment shall be due on the expiration date of the forty two (42) month period after the date of entry into effect of this Contract, and the last installment shall be paid no later than the Final Amortization Date. If the expiration date of the period for the payment of the first amortization installment does not fall on the 15th day of the month, the payment of the first amortization installment shall be made on that date which is the 15th day of the month, which date most immediately precedes the expiration date of such period (in the same month or the prior month, as the case may be.) If the Final Amortization Date does not fall on an interest payment date, the payment of the last amortization installment shall be made on the interest payment date immediately preceding the Final Amortization Date.
(c) The Parties may agree to modify the Loan Amortization Schedule as set forth in Article 3.02 of the General Conditions.