Payments Clause Example with 8 Variations from Business Contracts
This page contains Payments clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $261,363.14, together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 consecutive monthly, installments of principal and interest (the "Payments") commencing on April 30, 2014 (the "Initial Payment") and continuing thereafter through and including March 31, 2018 (the "Maturity Date") (collectively, the "Equipment Note Term"). Each Payment shall b...e in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a "Payment Date") during Equipment Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. (a) Interest Rate. Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.5000 percent per annum or, if less, the highest rate of interest permitted by applicable law (the "Interest Rate"), from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date. Equipment Security Note 4.1.06 (b) Payment Amount. The principal and interest amount of each Payment shall be $5,843.03. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be due if this Equipment Note is refinanced with the Lender.View More
Variations of a "Payments" Clause from Business Contracts
Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $261,363.14, $1,098,539.10 together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 60 consecutive monthly, monthly installments of principal and interest (the "Payments") commencing on April 30, 2014 October 16, 2015 (the "Initial Payment") and continuing thereafter through and including March 31, 2018 (the "Maturity Date") the Maturity Date (as... defined below) (collectively, the "Equipment Note Term"). Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a "Payment Date" and the final such scheduled Payment Date, the "Maturity Date") during Equipment Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. (a) Interest Rate. Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time for any calendar month or portion thereof, at a fixed per annum rate of 3.5000 interest equal to (i) 2 and 2064/1000 percent per annum or, (2.2064%) plus the rate of interest equal to the "average of interbank offered rates for dollar deposits in the London Market based on quotations of sixteen (16) major banks" for a term of 30 days as published in the Wall Street Journal under a heading entitled "Money Rates, London Interbank Offered Rates (LIBOR)" or any future or substitute heading, on the first day of the month (if the Payments are due on the 1st through the 15th of the month) or the fifteenth day of the month (if the Payments are due on the 16th through the 30th day of the month) preceding the Payment Date for the applicable Payment, or (ii) if less, the highest rate of interest permitted by applicable law (the "Interest Rate"), Rate") from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date. Equipment Security Note 4.1.06 (b) Payment Amount. The principal and interest amount of each Payment shall be $5,843.03. Partial prepayments shall be applied against principal installments in their inverse order consist of maturity. A prepayment charge will not be due if this Equipment Note is refinanced with $18,308.99 of principal, plus all interest accrued at the Lender. Interest Rate. View More
Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $261,363.14, $10,573,141.34, together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 84 (eighty four) consecutive monthly, installments of principal and interest (the "Payments") commencing on April 30, January 13, 2014 (the "Initial Payment") and continuing thereafter through and including March 31, 2018 December 13, 2020 (the "Maturity Date") ...(collectively, the "Equipment Note Term"). Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a "Payment Date") during Equipment Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. (a) Interest Rate. Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.5000 two and 21/100 percent (2.21%) per annum or, if less, the highest rate of interest permitted by applicable law (the "Interest Rate"), from the Advance Date set forth below date hereof until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date. Equipment Security Note 4.1.06 (b) Payment Amount. The principal and interest amount of each Payment shall be $5,843.03. Partial prepayments $135,973.40. 1 3. Prepayment. Borrower may prepay all (but not less than all) of the outstanding principal balance of this Equipment Note on a scheduled Payment Date upon 30 days prior written notice from Borrower to Lender, provided that any such prepayment shall be applied against principal installments in their inverse order made together with (a) all accrued interest and other charges and amounts owing hereunder through the date of maturity. A prepayment, and (b) a prepayment charge will not be due calculated as follows: two percent (2.0%) of the amount prepaid during months one (1) through twelve (12), one percent (1.0%) of the amount prepaid during months thirteen (13) through thirty-six (36), and no prepayment penalty thereafter; provided, however, that, if any prepayment of this Equipment Note is refinanced with made following an Event of Default, by reason of acceleration or otherwise, the Lender. prepayment charge shall be calculated based upon the full original Equipment Note Term. View More
Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $261,363.14, $1,547,674.30, together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 consecutive monthly, installments of principal and interest (the "Payments") commencing on April 30, January 24, 2014 (the "Initial Payment") and continuing thereafter through and including March 31, 2018 December 23, 2017 (the "Maturity Date") (collectively, the... "Equipment Note Term"). Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a "Payment Date") during Equipment Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. (a) Interest Rate. Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.5000 3.2900 percent per annum or, if less, the highest rate of interest permitted by applicable law (the "Interest Rate"), from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date. Equipment Security Note 4.1.06 (b) Payment Amount. The principal and interest amount of each Payment shall be $5,843.03. $34,455.45 3. Prepayment The outstanding principal balance of this Equipment Note may be prepaid in whole or part at any time, together with interest and late charges accrued through the date of the prepayment, provided that such prepayment shall be accompanied by a prepayment charge calculated as follows: one percent (1%) of the amount of the prepaid if such prepayment occurs during the period from the date of this Equipment Note to the first anniversary hereof; one-half percent (0.5%) of the amount prepaid if such prepayment occurs during the period commencing on the first day after the first anniversary hereof and continuing through the second anniversary hereof; and no prepayment charge if such prepayment occurs thereafter. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be due if this Equipment Note is refinanced with the Lender. View More
Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $261,363.14, $3,819,404.35, together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 sixty (60) consecutive monthly, monthly installments of principal and interest (the "Payments") commencing on April 30, 2014 June 29, 2015 (the "Initial Payment") and continuing thereafter through and including March 31, 2018 (the "Maturity Date") the Maturity Da...te (as defined below) (collectively, the "Equipment Note Term"). Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a "Payment Date" and the final such scheduled Payment Date, the "Maturity Date") during Equipment Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. (a) Interest Rate. Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.5000 two and 79/100 percent (2.79%) per annum or, if less, the highest rate of interest permitted by applicable law (the "Interest Rate"), from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date. Equipment Security Note 4.1.06 (b) Payment Amount. The principal and interest amount of each Payment shall be $5,843.03. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be due if this Equipment Note is refinanced with the Lender. $68,273.85. View More
Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $261,363.14, $97,403.56, together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 consecutive monthly, installments of principal and interest (the "Payments") commencing on April 30, January 23, 2014 (the "Initial Payment") and continuing thereafter through and including March 31, 2018 December 23, 2017 (the "Maturity Date") (collectively, the "E...quipment Note Term"). Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a "Payment Date") during Equipment Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. (a) Interest Rate. Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.5000 3.0666 percent per annum or, if less, the highest rate of interest permitted by applicable law (the "Interest Rate"), from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date. Equipment Security Note 4.1.06 (b) Payment Amount. The principal and interest amount of each Payment shall be $5,843.03. $2,158.83. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be due if this Equipment Note is refinanced with the Lender. View More
Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $261,363.14, $1,294,383.68, together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 consecutive monthly, installments of principal and interest (the "Payments") commencing on April 30, July 23, 2014 (the "Initial Payment") and continuing thereafter through and including March 31, June 23, 2018 (the "Maturity Date") (collectively, the "Equipment ...Note Term"). Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a "Payment Date") during Equipment Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. (a) Interest Rate. Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.5000 3.2470 percent per annum or, if less, the highest rate of interest permitted by applicable law (the "Interest Rate"), from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date. Equipment Security Note 4.1.06 (b) Payment Amount. The principal and interest amount of each Payment shall be $5,843.03. $28,791.86. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be due if this Equipment Note is refinanced with the Lender. View More
Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $261,363.14, $313,827.20, together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 consecutive monthly, installments of principal and interest (the "Payments") commencing on April 30, July 23, 2014 (the "Initial Payment") and continuing thereafter through and including March 31, June 23, 2018 (the "Maturity Date") (collectively, the "Equipment No...te Term"). Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a "Payment Date") during Equipment Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. (a) Interest Rate. Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.5000 3.2470 percent per annum or, if less, the highest rate of interest permitted by applicable law (the "Interest Rate"), from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date. Equipment Security Note 4.1.06 (b) Payment Amount. The principal and interest amount of each Payment shall be $5,843.03. $6,980.67. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be due if this Equipment Note is refinanced with the Lender. View More
Payments. For value received, Borrower promises to pay to the order of Lender, the principal amount of $261,363.14, $2,000,562.14, together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 consecutive monthly, installments of principal and interest (the "Payments") commencing on April 30, January 24, 2014 (the "Initial Payment") and continuing thereafter through and including March 31, 2018 December 24, 2017 (the "Maturity Date") (collectively, the... "Equipment Note Term"). Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a "Payment Date") during Equipment Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. (a) Interest Rate. Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of 3.5000 3.0666 percent per annum or, if less, the highest rate of interest permitted by applicable law (the "Interest Rate"), from the Advance Date set forth below until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date. Equipment Security Note 4.1.06 (b) Payment Amount. The principal and interest amount of each Payment shall be $5,843.03. $44,340.04. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be due if this Equipment Note is refinanced with the Lender. View More
