Common use of Method and Terms of Payment Clause in Contracts

Method and Terms of Payment. The Buyer will pay the purchase price as required in paragraph 4 below: 1. The purchase price shall be paid in a lump sum; 2. The purchase price shall be paid in installments; 3. The purchase price shall be paid by loans. The Buyer may pay a down payment equal to % of the total purchase price, and the outstanding amount may be paid through a loan provided by Bank or x. 4. The purchase price shall be paid by other means. Please see Appendix 5 for detailed provisions on the method and terms of payment.