Payment of Final Installment Sample Clauses
The "Payment of Final Installment" clause defines the obligation for the buyer or client to pay the last portion of the agreed-upon price upon completion of certain milestones or delivery of goods or services. Typically, this clause specifies the conditions that must be met before the final payment is due, such as satisfactory completion of work, delivery acceptance, or passing of inspections. Its core practical function is to ensure that the seller or service provider is fully compensated only after fulfilling all contractual obligations, thereby protecting the interests of both parties and encouraging proper performance.
Payment of Final Installment. The final installment of principal (whether payable by wire transfer or check) of each Note on a Payment Date, the Redemption Date or the Final Scheduled Payment Date will be payable only on presentation and surrender of the Note, subject to Section 2.7(a). The Indenture Trustee will notify each Registered Noteholder of the date the Issuer expects to pay the final installment on any of the Notes, which notice will be delivered no later than five days before that date, and the place where the Notes may be presented and surrendered for payment.
Payment of Final Installment. The final installment of principal (whether payable by wire transfer or check) of each Note on a Payment Date, the Redemption Date or the applicable Final Maturity Date will be payable only on presentation and surrender of the Note, subject to Section 2.7(a). Upon receipt of written notice thereof from the Servicer (which may be in the form of the Monthly Investor Report), the Indenture Trustee will notify each Noteholder of the date the Trust expects to pay the final installment on any of the Notes, which notice will be delivered no later than five (5) days before that date (solely to the extent the Indenture Trustee has received notice prior to such date), and the place where the Notes may be presented and surrendered for payment.
Payment of Final Installment. The final installment of principal (whether payable by wire transfer or check) of each Series 2020-2 Note on a Payment Date or the Series 2020-2 Final Maturity Date will be payable only on presentation and surrender of the Note. The Indenture Trustee will notify each Registered Noteholder of the date the Issuer expects to pay the final installment on the Notes, which notice will be delivered no later than five days before that date, and the place where the Series 2020-2 Notes may be presented and surrendered for payment.
Payment of Final Installment. The final installment of principal of an Exchange Note on a Payment Date or its Final Scheduled Payment Date will be payable only on presentation and surrender of the Exchange Note. The Administrative Agent will notify the applicable Exchange Noteholder of the date the Borrowers expect to pay the final installment on the Exchange Note, which notice will be delivered no later than five days before that date, and the place where the Exchange Note may be presented and surrendered for payment.