Common use of Interest Rate and Payments Clause in Contracts

Interest Rate and Payments. (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- hundredths percent (7.63%) per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. (b) Interest only shall be payable on the date the loan evidenced by this Note (the "Loan") is funded by Xxxxxx, in advance, for the period from and including the date of funding through and including December 31, 2000. (c) Commencing on February 1, 2001 and on the first day of each month thereafter through and including December 1, 2005 combined payments of principal and interest shall be payable, in arrears, in the amount of $32,397.30 each (such amount representing an amount that would be sufficient to fully amortize the original principal amount of this Note over a thirty (30) year period (the "Amortization Period"), if such amortization were based on a three hundred sixty (360) day year composed of twelve (12) months of thirty (30) days each). (d) The entire outstanding principal balance, together with all accrued and unpaid interest and all other sums due hereunder, shall be due and payable in full on January 1, 2006 (the "Original Maturity Date").

Interest Rate and Payments. (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- hundredths percent (7.63%) per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. (b) Interest only shall be payable on the date the loan evidenced by this Note (the "Loan") is funded by Xxxxxx, in advance, for the period from and including the date of funding through and including December 31, 2000. (c) Commencing on February 1, 2001 and on the first day of each month thereafter through and including December 1, 2005 combined payments of principal and interest shall be payable, in arrears, in the amount of $32,397.30 21,775.24 each (such amount representing an amount that would be sufficient to fully amortize the original principal amount of this Note over a thirty (30) year period (the "Amortization Period"), if such amortization were based on a three hundred sixty (360) day year composed of twelve (12) months of thirty (30) days each). (d) The entire outstanding principal balance, together with all accrued and unpaid interest and all other sums due hereunder, shall be due and payable in full on January 1, 2006 (the "Original Maturity Date").

Interest Rate and Payments. (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- hundredths percent (7.63%) per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. (b) Interest only shall be payable on the date the loan evidenced by this Note (the "Loan") is funded by Xxxxxx, in advance, for the period from and including the date of funding through and including December 31, 2000. (c) Commencing on February 1, 2001 and on the first day of each month thereafter through and including December 1, 2005 combined payments of principal and interest shall be payable, in arrears, in the amount of $32,397.30 10,090.96 each (such amount representing an amount that would be sufficient to fully amortize the original principal amount of this Note over a thirty (30) year period (the "Amortization Period"), if such amortization were based on a three hundred sixty (360) day year composed of twelve (12) months of thirty (30) days each). (d) The entire outstanding principal balance, together with all accrued and unpaid interest and all other sums due hereunder, shall be due and payable in full on January 1, 2006 (the "Original Maturity Date").

Interest Rate and Payments. (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- hundredths percent (7.63%) 8.60% per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed. (b) Interest only shall be payable on the date the loan evidenced by this Note (the "Loan") is funded by Xxxxxx, in advance, for the period from and including the date of funding through and including December 31June 30, 2000. (c) Commencing on February August 1, 2001 2000, and continuing on the first day of each month thereafter through and including December June 1, 2005 2010, combined payments of principal and interest shall be payable, in arrears, in the amount of $32,397.30 251,712.92 each (such amount representing an amount that would be sufficient to fully amortize the original principal amount of this Note over a thirty twenty-five (3025) year period (the "Amortization Period"), if such amortization were based on a three hundred sixty (360) day year composed of twelve (12) months of thirty (30) days each). (d) The entire outstanding principal balance, together with all accrued and unpaid interest and all other sums due hereunder, shall be due and payable in full on January July 1, 2006 2010 (the "Original Maturity Date").

Interest Rate and Payments. (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- hundredths percent (7.63%) per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. (b) Interest only shall be payable on the date the loan evidenced by this Note (the "Loan") is funded by Xxxxxx, in advance, for the period from and including the date of funding through and including December 31, 2000. (c) Commencing on February 1, 2001 and on the first day of each month thereafter through and including December 1, 2005 combined payments of principal and interest shall be payable, in arrears, in the amount of $32,397.30 8,816.31 each (such amount representing an amount that would be sufficient to fully amortize the original principal amount of this Note over a thirty (30) year period (the "Amortization Period"), if such amortization were based on a three hundred sixty (360) day year composed of twelve (12) months of thirty (30) days each). (d) The entire outstanding principal balance, together with all accrued and unpaid interest and all other sums due hereunder, shall be due and payable in full on January 1, 2006 (the "Original Maturity Date").