Common use of HOW AND WHAT WILL YOU PAY US Clause in Contracts

HOW AND WHAT WILL YOU PAY US. Payments. The first payment date for each Advance will be the first day of the month following the month in which the Advance was funded, unless that Advance is funded on the first day of that month, in which case the first payment date shall be the Advance Date. Subject to adjustment as provided in this Agreement, each Promissory Note shall be due in forty-eight (48) monthly installments consisting of twenty-four (24) months of interest only installments followed by twenty-four (24) equal monthly installments of principal plus interest due thereon, payable on the first day of each month through the last payment date (unless that date falls on a weekend or national holiday in which event such payment shall be due on the previous Business Day).

Appears in 2 contracts

Samples: Loan and Security Agreement (Gevo, Inc.), Loan and Security Agreement (Gevo, Inc.)

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HOW AND WHAT WILL YOU PAY US. Payments. The first payment date for each Advance will be the first day of the month following the month in which the Advance was funded, unless that Advance is funded on the first day Business Day of that month, in which case the first payment date shall be the Advance Date. Subject to adjustment as provided in this Agreement, each Each Promissory Note shall be due in forty-eight (48) monthly installments consisting of twenty-four (24) months of interest only installments through the Interest Only End Date(“Interest Only Period”) followed by twenty-four (24) equal monthly installments of principal plus and interest due thereonthrough the Maturity Date (“Amortization Period”), payable on the first day of each month through the last payment date (unless that date falls on a weekend or national holiday in which event such payment shall be due on the previous Business Day).

Appears in 2 contracts

Samples: Loan and Security Agreement (ECPM Holdings, LLC), Loan and Security Agreement (ECPM Holdings, LLC)

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HOW AND WHAT WILL YOU PAY US. Payments. The first payment date for each Advance will be the first day of the month following the month in which the Advance was funded (the date in which the Advance was funded, the “Advance Date”), unless that Advance is funded on the first business day of that month, in which case the first payment date shall be the Advance Date. Subject to adjustment as provided in this Agreement, each Each Promissory Note shall be due in forty-eight (48) monthly installments consisting of twenty-four (24) months of monthly interest payments only installments through December 31, 2013, followed by twenty-four (24) the remaining monthly payments of equal monthly installments of principal plus interest due thereonand interest, payable on the first day of each month through the last payment date (unless that date falls on a weekend or national holiday in which event such payment shall be due on the previous Business Daybusiness day).

Appears in 1 contract

Samples: Loan and Security Agreement (Varonis Systems Inc)

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