Loan Forgiveness. [So long as I am not in default, the outstanding principal balance of this Note will be reduced each [month] [year] on the anniversary date of this Note by an amount equal to [insert percentage] of the original Principal amount.] [If I am not in default, the outstanding principal balance of this Note will be forgiven on the Maturity Date.]
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Samples: Loan Agreement, Loan Agreement, Loan Agreement
Loan Forgiveness. [So long as I am not in default, the outstanding principal balance of this Note will be reduced each [month] [year] year on the anniversary date of this Note by an amount equal to [insert percentage] 10% (Ten Percent) of the original Principal amount.] [If I am not in default, the outstanding principal balance of this Note will be forgiven on the Maturity Date.]
Appears in 1 contract
Samples: Loan Agreement
Loan Forgiveness. [So long as I am not in default, the outstanding principal balance of this Note will be reduced each [month] [year] year on the anniversary date of this Note by an amount equal to [insert percentage] twenty percent (20%) of the original Principal amount.] [If I am not in default, the outstanding principal balance of this Note will be forgiven on the Maturity Date.]
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