Common use of Compensation for Extension Clause in Contracts

Compensation for Extension. In exchange for the extension of the Maturity Date, $20,000.00 shall be added to the principal amount outstanding on the Note between the Company and Holder as of the Effective Date hereof.

Compensation for Extension. In exchange for the extension of the Maturity Date, $20,000.00 25,000.00 shall be added to the principal amount outstanding on the Note between the Company and Holder as of the Effective Date hereof., making the principal owed $275,000.00

Compensation for Extension. In exchange for the extension of the Maturity Date, $20,000.00 60,000.00 shall be added to the principal amount outstanding on the Note between the Company and Holder as of the Effective Date hereof.

Compensation for Extension. In exchange for the extension of the Maturity Date, $20,000.00 25,000.00 shall be added to the principal amount outstanding on the Note between the Company and Holder as of the Effective Date hereof.

Compensation for Extension. In exchange for the extension of the Maturity Date, $20,000.00 50,000.00 shall be added to the principal amount outstanding on the Note between the Company and Holder as of the Effective Date hereof.