Installment Plan Sample Clauses

An Installment Plan clause sets out the terms under which payments for goods or services will be made in multiple scheduled portions rather than as a single lump sum. Typically, it details the number of payments, their amounts, due dates, and any interest or penalties for late payments. This clause allows parties to manage cash flow more effectively and reduces the financial burden on the buyer by spreading payments over time, while providing the seller with a predictable payment schedule.
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Installment Plan. The payment schedule has been selected for convenience only. Each payment is a portion of the entire contract amount due and is not to be construed as covering a specific period or set number of days between payments.
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Installment Plan. Monthly payments due on the 15th and 30th of each month beginning July 15, 2013 and ending April 30, 2014.
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Installment Plan. Full payment less a discount of 5% if paid by August 15, 2013. “Full payment” is the annual tuition minus tuition assistance provided by the Archdiocese, the parish or other foundations.
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Installment Plan. Type of Goods Brand Model Qty. Cash Price (TL) Installment Sale Price (TL) Interest Amount (TL) Due Date Amountto be Paid (TL) Amount Paid (TL) ... /... /...... ... /... /...... Total ... /... /...... Annual Interest Rate: % ……… Late Payment Interest Rate: %. (Annual)*(*The late interest rate cannot exceed 30% of the annual interest rate and the interest rate determined in the contract.) If interest or commission is received by the Seller based on the consumer's right to make early payment, the consumer has the right to demand interest and commission discounts based on the amount paid. In the event that the contract goods are delivered after the date of the contract, additional transportation, delivery, and similar costs cannot be claimed from the consumer. ... /... /...... Bank Account (IBAN) Nr : Postal Check Account Nr : Other :
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Installment Plan. 4.4.1. It issued by transferring credited funds to the Borrower for the purchase of goods/services to the Bank account of the Supplier, who is the Bank’s Partner for the Installment loan product. 4.4.2. The minimum amount issued within the Installment loan product is 2,000 (two thousand) soms; 4.4.3. The maximum amount issued within the Installment loan product is no more than the amount sent by the client/borrower specified in the application for the loan product. 4.4.4. Commissions – according to the Bank’s approved tariffs for the Installment loan product. 4.4.5. Interest rate is 0.00 (zero)% per annum. If the Borrower violates the terms of the Repayment Schedule, an interest rate of 30 (thirty)% per annum is established and accrued on the overdue amount of debt until the overdue debt is fully repaid. It is calculated based on the actual number of days overdue and the number of days in a year equal to 360. 4.4.6. A change in the sales tax rate in accordance with the legislation of the Kyrgyz Republic leads to a change in the interest rate on the loan from the moment the corresponding changes in the amount of tax paid by the client/borrower take effect, which does not require the signing of an additional Agreement to this Agreement. 4.4.7. The installment period is from 3 (three) months, but not more than 24 (twenty-four) months. 4.4.8. Type of payment: monthly in equal amounts. 4.4.9. Repayment of installments on the loan product is made monthly, starting from the next date of the month from the actual date of transfer of funds to the Borrower for the purchase of goods/services. 4.4.10. For late repayment and/or failure by the Borrower to repay the amount under the installment loan product established by the Repayment Schedule, a penalty is charged in the amount of 30 (Thirty)% per annum of the overdue amount for each day of delay until the overdue debt is fully repaid. In this case, the amount of penalties accrued for the entire period should not exceed 20% (Twenty percent) of the amount issued under the Installment loan product. 4.4.11. Funds under the installment loan product are provided for: purchase of goods/payment for services provided by the Bank's Partners. 4.4.12. Collateral - at the discretion of the Bank, funds under the installment loan product can be issued without collateral or secured by the purchased goods from the Bank's Partner (Appendix No. 5). 4.4.13. For changing the terms of the Agreement, the client/borrower pays a commission in...
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Installment Plan. Villa Sport may offer new members the opportunity to pay enrollment and other fees in installments (“Installment Plan”) over a certain time period (“Installment Term”). If the Installment Plan has been elected for this Membership, you agree to the following: (i) enrollment and other fees shall be paid in equal installments over the Installment Term, with the first installment due and owing at the time of payment of prorated first month dues, and the remaining installments due and owing at the beginning of each calendar month thereafter over the Installment Term when monthly dues are billed; (ii) after expiration of the 7-Day Money-Back Policy (described below), enrollment and other fees and monthly dues will continue to be due and owing over the Installment Term; (iii) if the Membership ends or a Member is removed after expiration of the 7-Day Money-Back Policy but during the Installment Term, any outstanding applicable enrollment and other fees and monthly dues shall be immediately due and owing (including account charges if the Membership ends); and (iv) if a Member is added during the Installment Term, any enrollment or other fee applicable to such Member shall be paid in equal installments over the balance of the Installment Term. Notwithstanding the foregoing, you may opt to pay any remaining enrollment or other fees due and owing in whole or in part before expiration of the Installment Term.
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Installment Plan. I may choose to pay my balance on the Installment Payment Option. Texas A&M University-Texarkana offers a Payment Plan in 4 installments for the Fall & Spring semesters, and 2 installments for the summer semester. By doing so I agree:  To pay and/or use my financial aid award to cover the first installment of my balance by the payment deadline.  I will pay the remaining installment payments on or before the due date specified for each installment.  I understand that INSTALLMENT AMOUNTS MAY CHANGE over time to account for any new charges, payments, or financial aid adjustments.  If I add a class, I must pay the minimum amount due and that payment must be made prior to the last day of late registration as stated in the academic calendar. The Installment Payment Plan will recalculate within 24 hours of the addition of the hours and an email will be sent to the University email address to notify the changes. I can also contact the Business Office to have them manually recalculate the amount due immediately after the addition in hours is completed.  I also agree to pay the non-refundable payment plan fee of $25.00 and that it will be due upon enrollment in the Installment plan.  I understand that a $25.00 late fee will be assessed for each installment payment that is late.  I understand that I must enroll for this option online through Touchnet Payment Gateway via Web for Students and that the entire first payment must be made on or before the payment deadline or at the time of enrollment in the plan.  I further acknowledge, that if I have paid ¼ (25 percent) or more of all tuition and fees due for the Fall or Spring semesters, OR ½ (50 percent) for the Summer semester, but have not paid the balance due in full, that I will automatically be placed on an installment plan and be charged the $25 fee.
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Related to Installment Plan

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Payment Plan Despite the payment terms in Annexure B, We may, but are not obliged to, enter into a specific payment plan with You if You can demonstrate a financial need. However, any payment plans: (a) will require all Accommodation Fee payments to be made in advance; and (b) must be agreed by Us and You prior to the Commencement Date.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Payment Plans Employees covered by the Samaritan Choice medical insurance plan who have outstanding balances that are payable to Samaritan Health Services for in network, covered, and authorized (if medically necessary) services will be provided payment plan offerings upon request from the employee. The request will be made to Patient Financial Services, and may be directed through the Hospital Patient Financial Counselor. Patient Financial Services will work with employees to identify the appropriate payment arrangement based on the employee financial needs/eligibility. Within 120 days from first patient statement, employees must contact Patient Financial Services and identify themselves as a SHS SEIU member and ask for a payment plan arrangement that does not exceed six percent (6%) of their household income. Such requests will be granted using the existing SHS payment options and funding programs. To be eligible for a payment plan, employees must comply with all requirements for establishing appropriate payment options/eligibility, including the completion of a financial assistance application with supporting documentation. Employees who comply with all terms of the payment plan(s) will not be subject to collections or wage garnishment.

  • Treatment of Each Installment as a Separate Payment For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.