Common use of CASA GRANDE TERM LOAN Clause in Contracts

CASA GRANDE TERM LOAN. At the end of the Casa Grande Commitment Period, the Casa Grande Construction Loans automatically converted to a term loan (the "Casa Grande Term Loan"). The Casa Grande Note shall evidence the Casa Grande Term Loan. The Casa Grande Term Loan shall be payable in two (2) equal monthly installments of SIXTEEN THOUSAND SIX HUNDRED SIXTY-SIX AND 00/100 DOLLARS ($16,666.00) each, together with all accrued interest due at the time of payment of principal, on March 3, 2003 and April 1, 2003, with the balance thereof payable in full on April 4, 2003. The Casa Grande Term Loan shall bear interest on the unpaid principal balance at a rate per annum equal to the Base Rate plus three-fourths of one percent (3/4%). Such interest is payable monthly on March 3, 2003 and April 1, 2003. Interest shall be computed on a three hundred sixty (360) day basis based upon the actual number of days elapsed.

CASA GRANDE TERM LOAN. At the end of the Casa Grande Commitment Period, the Casa Grande Construction Loans automatically converted to a term loan (the "Casa Grande Term Loan"). The Casa Grande Note shall evidence the Casa Grande Term Loan. The Casa Grande Term Loan shall be payable in two one (21) equal monthly installments principal installment of SIXTEEN THOUSAND SIX HUNDRED SIXTY-SIX AND 00/100 DOLLARS ($16,666.00) each), together with all accrued interest due at the time of payment of principal, on March 3, 2003 and April October 1, 2003, 2002 with the balance thereof payable in full on April 4November 1, 20032002. The Casa Grande Term Loan shall bear interest on the unpaid principal balance at a rate per annum equal to the Base Rate plus three-fourths of one percent (3/4_%). Such interest is payable monthly commencing on March 3, 2003 and April October 1, 20032002 and continuing on the first day of each calendar month thereafter. Interest shall be computed on a three hundred sixty (360) day 360)-day basis based upon the actual number of days elapsed.

CASA GRANDE TERM LOAN. At the end of the Casa Grande Commitment Period, the Casa Grande Construction Loans automatically converted to a term loan (the "Casa Grande Term Loan"). The Casa Grande Note shall evidence the Casa Grande Term Loan. The Casa Grande Term Loan shall be payable in two (2) equal monthly installments the amount of SIXTEEN THOUSAND SIX HUNDRED SIXTY-SIX AND 00/100 DOLLARS ($16,666.00) each), together with all accrued interest due at the time of payment of principal, on March 3, 2003 and April August 1, 2003, with the balance thereof payable in full on April 4August 11, 2003. The Casa Grande Term Loan shall bear interest on the unpaid principal balance at a rate per annum equal to the Base Rate plus three-fourths of one percent (( 3/4%). Such interest is payable monthly on March 3August 1, 2003 2003, and April 1August 11, 2003. Interest shall be computed on a three hundred sixty (360) day basis based upon the actual number of days elapsed.

CASA GRANDE TERM LOAN. At the end of the Casa Grande Commitment Period, the Casa Grande Construction Loans automatically converted to a term loan (the "Casa Grande Term Loan"). The Casa Grande Note shall evidence the Casa Grande Term Loan. The Casa Grande Term Loan shall be payable in two (2) equal monthly installments the amount of SIXTEEN THOUSAND SIX HUNDRED SIXTY-SIX AND 00/100 DOLLARS ($16,666.00) each), together with all accrued interest due at the time of payment of principal, on March 3, 2003 and April May 1, 2003, with the balance thereof payable in full on April 4May 21, 2003. The Casa Grande Term Loan shall bear interest on the unpaid principal balance at a rate per annum equal to the Base Rate plus three-fourths of one percent (3/4%). Such interest is payable monthly on March 3May 1, 2003 and April 1May 21, 2003. Interest shall be computed on a three hundred sixty (360) day basis based upon the actual number of days elapsed.

CASA GRANDE TERM LOAN. At the end of the Casa Grande Commitment Period, the Casa Grande Construction Loans automatically converted to a term loan (the "Casa Grande Term Loan"). The Casa Grande Note shall evidence the Casa Grande Term Loan. The Casa Grande Term Loan shall be payable in two (2) equal monthly installments of SIXTEEN THOUSAND SIX HUNDRED SIXTY-SIX AND 00/100 DOLLARS ($16,666.00) each, together with all accrued interest due at the time of payment of principal, on March 3June 1, 2003 and April July 1, 2003, with the balance thereof payable in full on April 4July 9, 2003. The Casa Grande Term Loan shall bear interest on the unpaid principal balance at a rate per annum equal to the Base Rate plus three-fourths of one percent (( 3/4%). Such interest is payable monthly on March 3June 1, 2003, July 1, 2003 and April 1July 9, 2003. Interest shall be computed on a three hundred sixty (360) day basis based upon the actual number of days elapsed.