Common use of Additional Repayment Terms Clause in Contracts

Additional Repayment Terms. Borrower understands and agrees that, in addition to the required payments detailed in item 2 of this Note, as sole member of Windfall Investors, LLC, Borrower is required to remit to Lender a minimum $175,000.00 per lot sold on the real property located at the Northeast corner of Creston Road and Camp 8 Road in Creston, San Lxxx Obispo County, California and bearing APN numbers 000-000-000 and 003, and 000-000-000 and 011 and owned by Windfall Investors LLC . Upon receipt, Lender shall apply any such proceeds as a special principal payment on the Commitment.

Additional Repayment Terms. Borrower understands and agrees that, in addition to the required payments detailed in item 2 of this Note, as sole member of Windfall Investors, LLC, Borrower is required to remit to Lender a minimum $175,000.00 per lot sold on the real property located at the Northeast corner of Creston Road and Camp 8 Road in Creston, San Lxxx Xxxx Obispo County, California and bearing APN numbers 000-000-000 and 003, and 000-000-000 and 011 and owned by Windfall Investors LLC . Upon receipt, Lender shall apply any such proceeds as a special principal payment on the Commitment.