Payments are to be made twice a year - at the feast of All Saints and at the feast of the Purification of Our Lady (Candlemas).

{. . .} for the term of sewyn yhere next folowand the date of thir letteris for the sowm of sextene pundis of usuale moneye of Scotland yherly to be payit to ws and oure convent or to oure chawmerlane for the tym beand at twa termys of the yhere proporcionaly, that is to say awcht pundis at the fest of alhalowmess and awcht pundis at the fest of the purificacioun of oure lady next eftir folowand {. . .}