Common use of Compensation for Extension Clause in Contracts

Compensation for Extension. In exchange for the extension of the Maturity Date, $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, $25,000.00 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, making the principal owed $275,000.00.

Compensation for Extension. In exchange for the extension of the Maturity Date, $25,000.00 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, making the principal owed $275,000.00.

Compensation for Extension. In exchange for the extension of the Maturity Date, $25,000.00 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, making the principal owed $275,000.00.

Compensation for Extension. In exchange for the extension of the Maturity Date, $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.