Installments of a Specified Amount Sample Clauses

The "Installments of a Specified Amount" clause establishes that payments under the agreement will be made in fixed, predetermined sums at regular intervals. Typically, this means the total amount owed is divided into equal portions, which are then paid according to a set schedule, such as monthly or quarterly. This structure provides predictability for both parties, ensuring the payee receives consistent payments and the payer can plan for regular outflows, thereby reducing uncertainty and facilitating financial planning.
Installments of a Specified Amount. We will make annual or monthly payments until the Proceeds plus interest are fully paid. We will pay interest on the Proceeds at the guaranteed rate of 1.50% per year and we may increase this by additional interest. You may withdraw the present value of any unpaid installments at any time.
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Related to Installments of a Specified Amount

  • 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.

  • Initial Payment Interconnection Customer shall elect (and provide its election to the Transmission Provider within five days of the commencement of negotiation of the GIA pursuant to Section 11.2 of the GIP) to make either 1) an initial payment equal to twenty

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Prepayment Fee The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

  • Quarterly Payments The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.