Common use of Equal Installments Clause in Contracts

Equal Installments. Such Contract has a fixed rate of interest and ------------------- provides for payments which fully amortize the loan over its term. Interest accrues on such Contract on an actuarial (i.e., pre-computed) basis utilizing a simple interest calculation.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Fairfield Communities Inc), Pledge and Servicing Agreement (Fairfield Communities Inc)

Equal Installments. Such Contract has a fixed rate of interest ------------------- and ------------------- provides for payments which fully amortize the loan over its term. Interest accrues on such Contract on an actuarial (i.e., pre-computed) basis utilizing a simple interest calculationbasis.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Fairfield Communities Inc), Receivables Purchase Agreement (Fairfield Communities Inc)

Equal Installments. Such Contract has a fixed rate of interest and ------------------- ------------------ provides for payments which fully amortize the loan over its term. Interest accrues on such Contract on an actuarial (i.e., pre-computed) basis utilizing a simple interest calculationbasis.

Appears in 1 contract

Sources: Credit Agreement (Fairfield Communities Inc)

Equal Installments. Such Contract has a ------------------ fixed rate of interest (or, in the case of any 1995 contract, a fixed or a floating rate of interest) and ------------------- provides for payments which fully amortize the loan over its term. Interest accrues on such Contract on an actuarial (i.e., pre-computed) basis utilizing a simple interest calculationbasis.

Appears in 1 contract

Sources: Credit Agreement (Fairfield Communities Inc)

Equal Installments. Such Contract has a fixed rate of interest and ------------------- provides for payments which fully amortize the loan over its term. Interest accrues on such Contract on an actuarial (i.e., pre-computed) basis utilizing a simple interest calculationbasis.

Appears in 1 contract

Sources: Credit Agreement (Fairfield Communities Inc)

Equal Installments. Such Contract has a fixed rate of interest (or in the case of a 1995 Contract, a fixed or a floating rate of interest) and ------------------- provides for payments which fully amortize the loan over its term. Interest accrues on such Contract on an actuarial (i.e., pre-computed) basis utilizing a simple interest calculationbasis.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Fairfield Communities Inc)