Explanation of Interest Payments to BD-5 Customers

  1. Only those customers under Priority #2501, who were given a firm delivery date, are elegible to receive interest on their balance of payment.
  2. Interest, at the rate of 10% per annum, will be computed as outlined below:
  3. Interest will be figured on balance of payment only, not on the $200 deposit.
  4. Since this payment of interest was initiated as a self-imposed penalty by Bede Aircraft, Inc. to the original purchaser, no interest will be paid on a purchase order which has been sold to another party.
  5. The interest payment as outlined above is not to be confused with the 6% interest payments for the BD-5 installment payment agreement (which is explained in detail on the face of that form).

Last Update: 5/17/97
Web Author: Juan Jiménez
Copyright © 1997 by Juan Jiménez - ALL RIGHTS RESERVED