Debt Forgiveness. Immediately prior to the effectiveness of the Merger, Savia agrees to forgive $53,033,424.84 of the principal amount of the Bionova Note, which is all of the principal balance of the Bionova Note that will remain outstanding following the consummation of the Exchange, and all accrued and unpaid interest thereon.
Debt Forgiveness. Lender hereby forgives the Debt in its entirety.
Debt Forgiveness. Upon execution of this Agreement by Sterling, the monies owed to Sterling by Owner, pursuant to a series of loans, will be considered repaid in full, including all accrued interest charges. The parties agree that the principal amount of these loans is approximately Sixty-Five Thousand Five Hundred Dollars ($65,500.00). Owner shall provide Sterling copies of any and all data on the Property in its possession and shall prepare a basic geologic map and short report.
Debt Forgiveness. In consideration for the receipt of the Shares, Creditor shall forgive all principal and interest owed by PxxXxxx.xxx, or PayStar, to the Creditor in the principal amount of $383,278 and evidenced by one or more promissory notes (hereinafter the "Notes"). At closing Creditor shall deliver the original Notes to PayStar marked "cancelled."
Debt Forgiveness. Holder hereby forgives the Debt ($642,692 of principal and $251,762 of interest).
Debt Forgiveness. The Executive has borrowed One Million, Two Hundred Fifty-Five Thousand Dollars ($1,255,000) from the Corporation evidenced by two promissory notes, copies of which are attached hereto as Exhibits A and B. The Corporation shall forgive One Hundred Twenty-Five Thousand, Five Hundred Dollars ($125,500) of the principal amount, together with accrued interest, beginning January 1, 2000 and on each January 1 thereafter; so long as the Executive remains an employee of the Corporation. If the Executive ceases to be an employee of the Corporation for any of the reasons specified in Section 4.(a) or (b), or if the Executive is terminated by the Corporation other than a termination for cause as provided in Section 4; then the outstanding balance owed to the Corporation by the Executive and all accrued interest shall immediately be forgiven in full. If the Executive resigns, is terminated for cause or for breaching this Agreement, then the full amount outstanding and all accrued interest shall immediately become due and payable.
Debt Forgiveness. The Western Union Parties shall forgive the First Data Net Intercompany Payable and the First Data Parties shall forgive the .
Debt Forgiveness. Upon the consummation of the Closing or termination of the Merger Agreement for any reason other than as set forth in Section 1(a)(ii) above, the principal hereof, and all interest accrued thereon, is deemed forgiven without any further act by the parties hereto; provided that in connection with Closing, Lender may elect not to forgive the outstanding principal amount and all interest accrued hereon and such principal amount shall continue to accrue interest in accordance with the terms hereof following the Closing and will be due and payable on demand by Lender at any time following Closing.
Debt Forgiveness. Least preferred solution as we are trying to recapture the principal balance. Must require Vantium’s approval. Foreclosure Payment Matrix Value less than $*** Value between $*** and $*** Value greater than $*** Legal Status SALE DATE NO SALE DATE SALE DATE NO SALE DATE SALE DATE NO SALE DATE FC100 *** % *** % *** % *** % *** % *** % FC90 *** % *** % *** % *** % *** % *** % FC80 *** % *** % *** % *** % *** % *** % FC70 *** % *** % *** % *** % *** % *** % FC60 *** % *** % *** % *** % *** % *** % FC50 *** % *** % *** % *** % *** % *** % FC40 *** % *** % *** % *** % *** % *** % FC30 *** % *** % *** % *** % *** % *** % FC20 *** % *** % *** % *** % *** % *** % Never initiate foreclosure on a high cost loan - Must be a non re-start state - Must obtain Investor’s approval - Foreclosure will be placed on temporary hold for loan review - Based on Total Amount Due (TAD) includes negative escrow and attorney’s fees and cost - Must be in modification bucket provided by investor State Restart State Restart AK Yes MT Yes AL Yes NC No AR Yes ND No AZ No NE No CA No NH Yes CO No NJ No CT No NM No DC Yes NV No DE No NY No FL No OH No GA Yes OK No HI Yes OR No IA No PA No ID No PR No IL No RI Yes IN No SC No KS No SD No KY No TN Yes LA No TX Yes MA No UT No MD Yes VA Yes ME No VT No MI Yes WA No MN Yes WI No MO Yes WV Yes MS Yes WY Yes Initial List: RMV: $*** - $***: ***% RMV RMV: $*** - $***: ***% RMV RMV: $*** - $***: ***% RMV RMV: $*** - $***: ***% RMV RMV: $*** and Higher: ***% RMV *** DOM: RMV: $*** - $***: ***% RMV RMV: $*** - $***: ***% RMV RMV: $*** - $***: ***% RMV RMV: $*** - $***: ***% RMV RMV: $*** and Higher: ***% RMV *** DOM: RMV: $*** - $***: ***% RMV RMV: $*** - $***: ***% RMV RMV: $1*** - $***: ***% RMV RMV: $*** - $***: ***% RMV RMV: $*** and Higher: ***% RMV *** DOM: RMV: $*** - $***: ***% RMV RMV: $*** - $***: ***% RMV RMV: $*** - $***: ***% RMV RMV: $*** - $***:***% RMV RMV: $*** and Higher: ***% RMV
Debt Forgiveness. 3.2.1 The LCCCA and PSP, along with the Redevelopment Authority of the City of Lancaster County, entered into a Joint Development Agreement dated January 31, 2006, as amended on March 28, 2007 and May 27, 2010, under which LCCCA agreed at Section 2.1.7(d) to make payments to PSP totaling Seven Hundred Thousand Dollars ($700,000.00) in fourteen (14) annual payments in the amount of Fifty Thousand Dollars ($50,000.00) each commencing March 31, 2015, in repayment of certain project costs associated with the construction of the Convention Center.
