Common use of Loan Statement Clause in Contracts

Loan Statement. Borrower and Lender hereby confirm that as of the date hereof, (i) there is no accrued and unpaid interest under the Loan, and (ii) there is no outstanding principal balance under the Loan. The maximum principal amount of the Note is $3,000,000.00.

Appears in 3 contracts

Samples: Loan Modification Agreement (Sutron Corp), Loan Modification Agreement (Sutron Corp), Loan Modification Agreement (Sutron Corp)

AutoNDA by SimpleDocs

Loan Statement. Borrower and Lender hereby confirm that as of the date hereof, (i) there is no accrued and unpaid interest under the Loan, and (ii) there is no outstanding principal balance under the Loan. The maximum principal principle amount of the Note note is $3,000,000.00.

Appears in 1 contract

Samples: Loan Modification Agreement (Sutron Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!