Amendments to Term Note. At the New Closing, the Term Note shall be amended as of April 25, 1997 as follows:
Amendments to Term Note. (a) Each reference in the Term Note to “Twenty Million and 00/100 Dollars ($20,000,000)” or “$20,000,000”, as applicable, shall be deleted and replaced with a reference to “Twenty-Three Million Five Hundred Thousand and 00/100 Dollars ($23,500,000.00)” or “$23,500,000”, as applicable.
(b) The fourth paragraph of the Term Note (including the Table therein) is amended to read in its entirety as follows: “Subject to the prepayment provisions of the Loan Agreement, the entire outstanding principal of this Note shall be payable by the Borrower to the holder hereof in fourteen (14) consecutive quarter-annual installments of principal, with such installments to be payable on the last day of each March, June, September and December in each year, beginning September 30, 2007, and with the last of such fourteen (14) installments to be payable on December 31, 2010. While any principal hereof remains unpaid, subject to the prepayment provisions of the Loan Agreement, the Borrower hereby absolutely promises to pay to the holder hereof, the remaining installments of the principal of this Note when due. Subject to the prepayment provisions in the Loan Agreement, the amount of each installment of principal payable by the Borrower is set forth in the following table opposite the date on which such installment shall become due and payable hereunder: 09/30/07 $ 750,000 12/31/07 $ 750,000 03/31/08 $ 1,000,000 06/30/08 $ 1,000,000 09/30/08 $ 1,500,000 12/31/08 $ 1,500,000 03/31/09 $ 1,500,000 06/30/09 $ 1,500,000 09/30/09 $ 1,500,000 12/31/09 $ 1,750,000 03/31/10 $ 1,750,000 06/30/10 $ 2,000,000 09/30/10 $ 2,000,000 12/31/10 $ 5,000,000 ”
Amendments to Term Note. Effective as of the date hereof, the Term Note is hereby amended as follows:
Amendments to Term Note. The terms of the Term Note are changed as follows:
A. The principal amount of the Term Note is hereby increased to $2,000,000.
B. The maturity date of the Term Note is extended to March 15, 2002. All principal remaining outstanding under the Term Note and all interest accrued thereon is payable in full on March 15, 2002.
C. Borrower will pay all accrued interest under the Term Note, plus $35,000 in principal, on March 31, 2001. Commencing on April 1, 2001, Borrower agrees to pay all interest accrued under the Term Note, plus $35,000.00 in principal, on the last day of each month until maturity.
D. Borrower authorizes Bank to debit its account number 103656099183 with the Bank for all sums due under the Term Note.
Amendments to Term Note. A. The maturity date of the Term Note is hereby extended from May 1, 2005 to September 30, 2005. Borrower shall continue to make principal payments in the amount of Three Hundred Thousand and 00/100ths Dollars ($300,000.00) on the first day of each February, May, August and November hereafter, with the final installment due on September 30, 2005 to be in the amount of the remaining outstanding principal of the Term Note.
Amendments to Term Note. The terms of the Term Note are changed as follows:
A. The maturity date of the Term Note is extended to December 31, 2004. All principal remaining outstanding under the Term Note and all interest accrued thereon is payable in full on December 31, 2004.
B. Borrower will pay all accrued interest under the Term Note, plus $50,000 in principal, on February 27, 2004. Borrower will pay all accrued interest under the Term Note, plus $30,000 in principal, on March 31, 2004 and on or before the last day of each month thereafter through and including September 30, 2004. Commencing on October 31, 2004, Borrower agrees to pay all interest accrued under the Term Note, plus $40,000.00 in principal, on the last day of each month until maturity.
Amendments to Term Note. (a) Section 1.5 of the Term Note is hereby amended by deleting the definition of “Expiration Date” and replacing it with the following:
Amendments to Term Note. The Term Note is hereby amended as follows:
a. Section 1(i) of the Term Note is hereby deleted in its entirety, and the following inserted in lieu thereof:
Amendments to Term Note. The terms of the Term Note are changed as follows:
A. Exhibit A to the Revolving Note, entitled "Interest Rate--Reserve Adjusted LIBOR Rate-Fixed Interest Periods" is deleted in its entirety. All other references to a LIBOR interest rate option in the Revolving Note are deleted.
B. Commencing on July 1, 2001, Borrower agrees to pay all interest accrued under the Term Note, plus $45,000.00 in principal, on the last day of each month until maturity.
Amendments to Term Note. The terms of the Term Note are changed as follows:
A. The principal amount of the Term Note is increased from the current outstanding principal balance of $965,000.00 (as of January 22, 2003) to $1,110,000.00.
B. The maturity date of the Term Note is extended to March 15, 2004. All principal remaining outstanding under the Term Note and all interest accrued thereon is payable in full on March 15, 2004.
C. Borrower will pay all accrued interest under the Term Note, plus $55,000 in principal, on January 31, 2003 and on or before the last day of each month thereafter through and including June 30, 2003. Commencing on July 1, 2003, Borrower agrees to pay all interest accrued under the Term Note, plus $65,000.00 in principal, on the last day of each month until maturity.
