Common use of Liquidity Note Clause in Contracts

Liquidity Note. The Liquidity Note shall be due and payable as -------------- follows: during the Revolving Credit Period the Loan evidenced by the Liquidity Note shall be a revolving credit facility which will allow the Borrower to request such amounts as Borrower may elect from time to time (each such amount being herein called an "Advance") so long as the aggregate amount of Advances outstanding at any time under the Liquidity Note does not exceed One Million and NO/100 Dollars ($1,000,000.00) provided however, the minimum Advance must be at least $50,000.00. The Borrower shall have the right to borrow, repay, and borrow again under the credit facility during the Revolving Credit Period. The outstanding principal balance of the Liquidity Note on July 15, 1997 shall convert to a term facility (the "Term Period") and shall be payable in 20 equal quarterly installments of principal plus all accrued and unpaid interest being due and payable on July 15, 2002. Principal and interest of the Liquidity Note shall be due and payable as provided in the Liquidity Note. The Borrower's right to request advances and the Lender's obligation to make advances under the Liquidity Note shall terminate at 2:00 p.m. on July 15, 1997.

Liquidity Note. The Liquidity Note shall be due and payable as -------------- follows: during the Revolving Credit Period the Loan evidenced by the Liquidity Note shall be a revolving credit facility which will allow the Borrower to request such amounts as Borrower may elect from time to time (each such amount being herein called an "Advance") so long as the aggregate amount of Advances outstanding at any time under the Liquidity Note does not exceed One Million and NO/100 No/100 Dollars ($1,000,000.00) provided however, the minimum Advance must be at least $50,000.00. The Borrower shall have the right to borrow, repay, and borrow again under the credit facility during the Revolving Credit Periodfacility. The outstanding principal balance of the Liquidity Note on July 15, 1997 1998 shall convert to a term facility (the "Term Period") and shall be payable in 20 equal quarterly installments of principal plus all accrued and unpaid interest, with all unpaid principal plus all accrued and unpaid interest being due and payable on July 15, 20022003. Principal and interest of the Liquidity Note shall be due and payable as provided in the Liquidity Note. The Borrower's right to request advances and the Lender's obligation to make advances under the Liquidity Note shall terminate at 2:00 p.m. on July 15, 1997.

Liquidity Note. The Liquidity Note shall be due and payable as -------------- --------------- follows: during the Revolving Credit Period the Loan evidenced by the Liquidity Note shall be a revolving credit facility which will allow the Borrower to request such amounts as Borrower may elect from time to time (each such amount being herein called call an "Advance") so long as the aggregate amount of Advances outstanding at any time under the Liquidity Note does not exceed One Million and NO/100 No/100 Dollars ($1,000,000.00) provided however, the minimum Advance must be at least $50,000.00. The Borrower shall have the right to borrow, repay, repay and borrow again under the credit facility during the Revolving Credit Periodfacility. The outstanding principal balance of the Liquidity Note on July 15, 1997 1999 shall convert to a term facility (the "Term Period") and shall be payable in 20 equal quarterly installments of principal plus all accrued and unpaid interest, with all unpaid principal plus all accrued and unpaid interest being due and payable on July 15, 2002. Principal and interest of the Liquidity Note shall be due and payable as provided in the Liquidity Note. The Borrower's right to request advances and the Lender's obligation to make advances under the Liquidity Note shall terminate at 2:00 p.m. on July 15, 1997.,

Liquidity Note. The Liquidity Note shall be due and payable as -------------- --------------- follows: during the Revolving Credit Period the Loan evidenced by the Liquidity Note shall be a revolving credit facility which will allow the Borrower to request such amounts as Borrower may elect from time to time (each such amount being herein called an "Advance") so long as the aggregate amount of Advances outstanding at any time under the Liquidity Note does not exceed One Million and NO/100 No/100 Dollars ($1,000,000.00) provided however, the minimum Advance must be at least $50,000.00. The Prior to July 15, 2001, the Borrower shall have the right to borrow, repay, repay and borrow again under the credit facility during the Revolving Credit Periodfacility. The outstanding principal balance of the Liquidity Note on July 15, 1997 2001 shall convert to a term facility (the "Term Period") and shall be payable in 20 equal quarterly installments of principal plus all accrued and unpaid interest, with all unpaid principal plus all accrued and unpaid interest being due and payable on July 15, 20022006. Principal and interest of the Liquidity Note shall be due and payable as provided in the Liquidity Note. The Borrower's right to request advances and the Lender's obligation to make advances under the Liquidity Note shall terminate at 2:00 p.m. on July 15, 1997.

Liquidity Note. The Liquidity Note shall be due and payable as -------------- --------------- follows: during the Revolving Credit Period the Loan evidenced by the Liquidity Note shall be a revolving credit facility which will allow the Borrower to request such amounts as Borrower may elect from time to time (each such amount being herein called an "Advance") so long as the aggregate amount of Advances outstanding at any time under the Liquidity Note does not exceed One Million and NO/100 No/100 Dollars ($1,000,000.00) provided however, the minimum Advance must be at least $50,000.00. The Borrower shall have the right to borrow, repay, repay and borrow again under the credit facility during the Revolving Credit Periodfacility. The outstanding principal balance of the Liquidity Note on July 15, 1997 2000 shall convert to a term facility (the "Term Period") and shall be payable in 20 equal quarterly installments of principal plus all accrued and unpaid interest, with all unpaid principal plus all accrued and unpaid interest being due and payable on July 15, 20022005. Principal and interest of the Liquidity Note shall be due and payable as provided in the Liquidity Note. The Borrower's right to request advances and the Lender's obligation to make advances under the Liquidity Note shall terminate at 2:00 p.m. on July 15, 1997.