Example ContractsClausesNo Payments During Deferral Period
No Payments During Deferral Period
No Payments During Deferral Period contract clause examples

No Payments During Deferral Period. There shall be no payments due by Borrower during the Deferral Period.

No Payments During Deferral Period. There shall be no payments due by Borrower during the six- month period beginning on the date of this Note (the “Deferral Period”). However, during the Deferral Period interest will accrue at the Interest Rate on the unpaid principal balance computed on the basis of the actual number of days elapsed in a year of 360 days.

DEFERRAL PERIOD. Borrower will not be required to make loan payments for the first six months of the Note (the "Deferral Period"). During the Deferral Period the outstanding principal balance will accrue interest as stated herein.

No Payments During Deferral Period. There shall be no payments due by Borrower during the Deferral Period.

No Payments During Deferral Period. There shall be no payments due by Borrower during the

Deferral Period. At the time a Deferral Election is made, the Participant must specify the deferral period and the first payment date with respect to amounts subject to such deferral. The Company will establish the deferral period for any Company contributions. All Deferral Elections made by the Participant must be for a minimum of one Plan Year (exclusive of the Plan Year in which the deferred amounts are earned or otherwise realized), and the first payment date may be no sooner than the first day of the second Plan Year following the Plan Year in which the deferred amounts are earned or otherwise realized.

No Payments During Deferral Period. There shall be no payments due by Borrower during the six- month period beginning on the date of this Note (the “Deferral Period”). However, during the Deferral Period interest will accrue at the Interest Rate on the unpaid principal balance computed on the basis of the actual number of days elapsed in a year of 360 days.

No Payments During Deferral Period. There shall be no payments due by Borrower during the six month period beginning on the date of this Note (the “Deferral Period”). However, during the Deferral Period interest will accrue at the Interest Rate on the unpaid principal balance computed on the basis of the actual number of days elapsed in a year of 360 days.

Deferral Period. Provided no Event of Default (as defined in Section 5 below) has theretofore occurred, no payments shall be due under this Promissory Note ( this “Note”) during the six (6) month period following the Funding Date (such period, the “Deferral Period”). Interest will accrue beginning on the Funding Date, including during the Deferral Period.

No payments are required during the Deferral Period.

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