Common use of Additional Principal Payments Clause in Contracts

Additional Principal Payments. Borrower shall be rewired to prepay the principal owing under the Term Loan in the following circumstances: (i) should the construction cost for the Madera Facility to be constructed on the Real Property be less than $42.6 million then Borrower shall promptly pay lender the difference between the actual construction cost and $42.6 million: and (ii) should Borrower obtain construction funding for the Second Facility Borrower shall promptly pay Lender all principal and accrued interest then outstanding.

Additional Principal Payments. Borrower shall be rewired required to prepay the principal owing under the Term Loan in the following circumstances: (i) should the construction cost for the Madera Facility to be constructed on the Real Property be less than $42.6 million then Borrower shall promptly pay lender the difference between the actual construction cost and $42.6 million: ; and (ii) should Borrower or any of its affiliates obtain construction funding for the Second Facility Facility, Borrower shall promptly pay Lender all principal and accrued interest then outstanding.

Additional Principal Payments. Borrower shall be rewired required to prepay the principal owing under the Term Loan in the following circumstances: : (i) should the construction cost for the Madera Facility to be constructed on the Real Property be less than $42.6 million then Borrower shall promptly pay lender the difference between the actual construction cost and $42.6 million: and ; and (ii) should Borrower or any of its affiliates obtain construction funding for the Second Facility Facility, Borrower shall promptly pay Lender all principal and accrued interest then outstanding.