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.
Appears in 1 contract
Sources: Loan Contract
Amortization Schedule. (a) The Final Amortization Date is twenty shall be twenty-four (2024) years from the date of signature of this Contract. The Original WAL of the Loan is eleven fifteen point seventytwenty-five (11.7515.25) years.
(b) The Loan shall be repaid by the Borrower in semiannual, consecutive consecutive, and as far insofar as possible, equal installments. The first installment shall be due from the Borrower on the expiration date of the forty two seventy-eight (4278) month period after following the effective 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 the interest payment date which is the 15th day of the month, which date most immediately precedes preceding the expiration date of such period (in the same month or the prior month, as the case may be.) period. 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 of the Loan as set forth in Article 3.02 of the General Conditions.
Appears in 1 contract
Sources: Loan Contract
Amortization Schedule. (a) The Final Amortization Date is twenty of the Loan shall be twenty-four (2024) years from the effective date of signature of this Contract. The Original WAL of the Loan is eleven fifteen point seventytwenty-five (11.7515.25) years.
(b) The Loan shall be repaid by the Borrower in semiannual, consecutive consecutive, and as far insofar as possible, equal installments. The first installment shall be due from the Borrower on the expiration date of the forty two seventy-eight (4278) month period after following the effective 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 the interest payment date which is the 15th day of the month, which date most immediately precedes preceding the expiration date of such period (in the same month or the prior month, as the case may be.) period. 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 of the Loan as set forth in Article 3.02 of the General Conditions.
Appears in 1 contract
Sources: Loan Contract
Amortization Schedule. (a) The Final Amortization Date is twenty shall be twenty- four (2024) years from the date of signature of this Contract. The Original WAL of the Loan is eleven point seventy-five fifteen and a quarter (11.7515.25) years.
(b) The Loan shall be repaid by the Borrower in semiannual, consecutive consecutive, and as far insofar as possible, equal installments. The first installment shall be due from the Borrower on the expiration date of the forty two seventy-eight (4278) month period after following the effective 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 the interest payment date which is the 15th day of the month, which date most immediately precedes preceding the expiration date of such period (in the same month or the prior month, as the case may be.) period. 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 of the Loan as set forth in Article 3.02 of the General Conditions.
Appears in 1 contract
Sources: Loan Contract
Amortization Schedule. (a) The Final Amortization Date is twenty shall be twenty-five (2025) years from the date of signature of this Contract. The Original WAL of the Loan is eleven fifteen point seventytwenty-five (11.7515.25) years.
(b) The Loan shall be repaid by the Borrower in semiannual, consecutive consecutive, and as far insofar as possible, equal installments. The first installment shall be due from the Borrower on the expiration date of the forty two sixty-six (4266) month period after following the effective 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 the interest payment date which is the 15th day of the month, which date most immediately precedes preceding the expiration date of such period (in the same month or the prior month, as the case may be.) period. 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 of the Loan as set forth in Article 3.02 of the General Conditions.
Appears in 1 contract
Sources: Loan Contract