Common use of Minimum Monthly Principal Payments Clause in Contracts

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest of this Note shall commence on the third month anniversary date of this Note and on the same day of each month thereafter (each a “Repayment Date”) until the Principal Amount and interest have been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date the Borrower shall make payments to the Holder in the amount of 4.76 percent of the initial Principal Amount, all interest accrued on the Note as of the Repayment Date and any other amounts which are then owing under this Note that have not been paid (collectively, the "Monthly Amount"). All payments of cash or amounts converted into Common Stock pursuant to this Note by the Holder or Borrower shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest of this Note shall commence on the third month anniversary one hundred and twentieth day after the date of this Note and on the same day of each month thereafter (each a “"Repayment Date”") until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each the initial three Repayment Date Dates, the Borrower shall make payments to the Holder in the amount of 4.76 two and one-half percent (2-1/2%) and thereafter for the following eleven payments in the amount of five percent (5%) of the initial Principal Amount, all interest accrued on the Note as of the Repayment Date and Amount together with any other amounts which are then owing under this Note that have not been paid (collectively, the "Monthly Amount"). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Amount made by the Holder or Borrower shall pursuant to Section 2.1 or Article III, and amounts converted pursuant to Section 2.3 of this Noteshall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx Amount and interest of this Note shall commence on the third month anniversary one hundred eighty-first (181st) day after the date of this Note and on the same day of each month thereafter (each a “"Repayment Date”") until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the amount of 4.76 percent 5.5555% of the initial Principal Amount, all Amount together with interest accrued on the Note as such portion of the Repayment Date initial Principal Amount and any other amounts which are then owing under this Note that have not been paid (collectively, the "Monthly Amount"). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Amount made by the Holder or Borrower pursuant to Section 2.1 or Article III shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts Amounts, commencing with the Monthly Amount next payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx Amount and interest of this Note shall commence on the third twenty-fourth (24th) month anniversary date of this Note and on the same day of each month thereafter (each a “"Repayment Date”") until the Principal Amount and interest have been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date the Borrower shall make payments to the Holder in the amount of 4.76 4.167 percent of the initial Principal Amount, all interest accrued on the Note as of the Repayment Date and any other amounts which are then owing under this Note that have not been paid (collectively, the "Monthly Amount"). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Xxxxxx and interest made by the Holder or Borrower pursuant to Section 2.1 or Article III, and amounts converted pursuant to Section 2.3 of this Note shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest of this Note Amount shall commence on the third month anniversary forty-fifth day after the date of this Note and Xxxx xnd on the same day of each month thereafter (each a “"Repayment Date”") until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the amount of 4.76 percent one-twelfth (1/12th) of the initial Principal Amount, all interest accrued on the Note as of the Repayment Date and Amount together with any other amounts (not including interest) which are then owing under this Note that have not been paid (collectively, the "Monthly Amount"). All payments Monthly Amounts due for the initial three Repayment Dates shall be deferred until the fourth Repayment Date. Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Amount made by the Holder or Borrower pursuant to Section 2.1 or Artxxxx XII, and amounts converted pursuant to Section 2.3 of this Note shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount Amount, and then to Principal Amounts the principal portion of not yet due Monthly Amounts Amounts, commencing with the Monthly Amount next first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx Amount and interest of this Note shall commence on the third month anniversary date of this Note and on the same day of each month thereafter (each a “"Repayment Date”") until the Principal Amount and interest have been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date the Borrower shall make payments to the Holder in the amount of 4.76 4.545 percent of the initial Principal Amount, all interest accrued on the Note as of the Repayment Date and any other amounts which are then owing under this Note that have not been paid (collectively, the "Monthly Amount"). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Amount and interest made by the Holder or Borrower pursuant to Section 2.1 or Article III, and amounts converted pursuant to Section 2.3 of this Note shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note shall will commence on the third month anniversary date of this Note first (1st) Repayment Date and will recur on the same day of each month succeeding Repayment Date thereafter (each a “Repayment Date”) until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the amount of 4.76 percent one-thirty-second (1/32nd) of the initial Principal Amount (the “Monthly Principal Amount”), all together with any accrued and unpaid interest accrued then due on the Note as such portion of the Repayment Date Principal Amount plus any and any all other amounts which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "“Monthly Amount"”). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Amount made by the Holder or Borrower shall pursuant to Section 2.1 or Article III, and Redemption Amounts (as defined in Section 2.3 of this Note) actually paid to Borrower will be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next Amounts first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note and accrued interest shall commence on the third sixth month anniversary date of this Note and on the same day of each month thereafter (each a “Repayment Date”) until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount Amount and interest into Common Stock pursuant to the terms hereof. Subject to Section 2.1 Article II and Article 3 III below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the an amount of 4.76 percent equal to 8.33% of the initial Principal Amount, all the amount of accrued but unpaid or unconverted interest accrued on the Note entire Principal Amount as of the such Repayment Date Date, and any other amounts which are then owing under this Note that have not been paid (collectively, the "“Monthly Amount"”). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Xxxxxx and made by the Holder or Borrower pursuant to Article II or Article III and amounts redeemed pursuant to Article II of this Note shall be applied first against outstanding fees and damages, then against outstanding already payable accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the last Monthly Amount next payable and then thereafter to Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under this Note and the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note and accrued interest shall commence on the third sixth month anniversary date of this Note and on the same day of each month thereafter (each a “Repayment Date”) until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount Amount and interest into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the an amount of 4.76 percent equal to 5.55% of the initial Principal Amount, all the amount of accrued but unpaid or unconverted interest accrued on the Note entire Principal Amount as of the such Repayment Date Date, and any other amounts which are then owing under this Note that have not been paid (collectively, the "“Monthly Amount"”). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Xxxxxx and made by the Holder or Borrower pursuant to Section 2.1 or Article III and amounts redeemed pursuant to Section 2.3 of this Note shall be applied first against outstanding fees and damages, then against outstanding already payable accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the last Monthly Amount next payable and then thereafter to Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under this Note and the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note shall commence on the third month anniversary date of this Note February 1, 2006 and on the same first business day of each consecutive calendar month thereafter (each a “Repayment Date”) until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the amount of 4.76 percent one-eighteenth (1/18th) of the initial Principal Amount (the "Monthly Principal Amount"), all interest accrued on the Note as of the Repayment Date and together with any other amounts amounts, except for regular interest, which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Amount made by the Holder or Borrower pursuant to Section 2.1 or Article III shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next Amounts first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note shall commence on the third month anniversary date of this Note first (1st) Repayment Date and shall recur on the same day of each month succeeding Repayment Date thereafter (each a “Repayment Date”) until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the amount of 4.76 percent one-twentieth (1/20th) of the initial Principal Amount (the "Monthly Principal Amount"), all together with any accrued and unpaid interest accrued then due on the Note as such portion of the Repayment Date Principal Amount plus any and any all other amounts which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Amount made by the Holder or Borrower pursuant to Section 2.1 or Article III, and Redemption Amounts (as defined in Section 2.3 of this Note) actually paid to Borrower shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next Amounts first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note and accrued interest shall commence on the third fourth month anniversary date of this Note and on the same day of each month thereafter (each a “Repayment Date”) until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount Amount and interest into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the an amount of 4.76 percent equal to 5% of the initial Principal Amount, all the amount of accrued but unpaid or unconverted interest accrued on the Note entire Principal Amount as of the such Repayment Date Date, and any other amounts which are then owing under this Note that have not been paid (collectively, the "“Monthly Amount"”). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Axxxxx and made by the Holder or Borrower pursuant to Section 2.1 or Article III and amounts redeemed pursuant to Section 2.3 of this Note shall be applied first against outstanding fees and damages, then against outstanding already payable accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the last Monthly Amount next payable and then thereafter to Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under this Note and the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note shall commence on the third month anniversary date of this Note first (1st) Repayment Date and shall recur on the same day of each month succeeding Repayment Date thereafter (each a “Repayment Date”) until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the amount of 4.76 percent one-thirty-second (1/32nd) of the initial Principal Amount (the “Monthly Principal Amount”), all together with any accrued and unpaid interest accrued then due on the Note as such portion of the Repayment Date Principal Amount plus any and any all other amounts which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "“Monthly Amount"”). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note Conversions of Principal Xxxxxx made by the Holder or Borrower pursuant to Section 2.1 or Article III, and Redemption Amounts actually paid to Borrower shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next Amounts first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note and accrued interest shall commence on the third nine month anniversary date of this Note and on the same day of each month thereafter (each a “Repayment Date”) until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount Amount and interest into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the an amount of 4.76 percent equal to one-sixteenth of the initial Principal Amount, all the amount of accrued by unpaid or unconverted interest accrued on the Note entire Principal Amount as of the such Repayment Date Date, and any other amounts which are then owing under this Note that have not been paid (collectively, the "“Monthly Amount"”). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Xxxxxx and made by the Holder or Borrower pursuant to Section 2.1 or Article III and amounts redeemed pursuant to Section 2.3 of this Note shall be applied first against outstanding fees and damages, then against outstanding already payable accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the last Monthly Amount next payable and then thereafter to Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under this Note and the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx Amount and interest of this Note shall commence on the third month anniversary ninety-first (00xx) day after the date of this Note and on the same day of each month thereafter (each a “"Repayment Date”") until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the amount of 4.76 percent 4.7621% of the initial Principal Amount, all Amount together with interest accrued on the Note as such portion of the Repayment Date initial Principal Amount and any other amounts which are then owing under this Note that have not been paid (collectively, the "Monthly Amount"). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Amount made by the Holder or Borrower pursuant to Section 2.1 or Artxxxx XII shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts Amounts, commencing with the Monthly Amount next payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note shall commence on the third nine month anniversary date of this Note and on the same day of each month thereafter (each a “"Repayment Date”") until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount Amount and interest into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the an amount of 4.76 percent equal to one-sixteenth of the initial Principal Amount, all interest accrued on the Note as of the Repayment Date and any other amounts which are then owing under this Note that have not been paid (collectively, the "Monthly Amount"). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Amount made by the Holder or Borrower pursuant to Section 2.1 or Article III and amounts redeemed pursuant to Section 2.3 of this Note shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest Amount and any other sum arising under this Note and the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest of this Note shall commence on the third month anniversary date of this Note and on the same day of each month thereafter (each a “Repayment Date”) until the Principal Amount and interest have been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date the Borrower shall make payments to the Holder in the amount of 4.76 percent of the initial Principal Amount, all interest accrued on the Note as of the Repayment Date and any other amounts which are then owing under this Note that have not been paid (collectively, the "“Monthly Amount"”). All payments of cash or amounts converted into Common Stock pursuant to this Note by the Holder or Borrower shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note shall commence on the third month anniversary date of this Note August 1, 2005 and on the same first business day of each consecutive calendar month thereafter (each a “Repayment Date”) until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the amount of 4.76 percent one-eighteenth (1/18th) of the initial Principal Amount (the "Monthly Principal Amount"), all interest accrued on the Note as of the Repayment Date and together with any other amounts amounts, except for regular interest, which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Xxxxxx made by the Holder or Borrower pursuant to Section 2.1 or Article III shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next Amounts first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Xxxxxx and interest Amount of this Note shall commence on the third month one year anniversary of the date of this Note and on the same first business day of each consecutive calendar month thereafter (each a “Repayment Date”) until the Principal Amount and interest have has been repaid in full, whether by the payment of cash or by the conversion of such Principal amount and interest principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date Date, the Borrower shall make payments to the Holder in the amount of 4.76 percent one-twelfth (1/12th) of the initial Principal Amount (the “Monthly Principal Amount”), all interest accrued on the Note as of the Repayment Date and together with any other amounts amounts, except for regular interest, which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such other amounts, collectively, the "“Monthly Amount"”). All payments Amounts of cash or amounts converted into Common Stock pursuant to this Note conversions of Principal Amxxxx xade by the Holder or Borrower pursuant to Section 2.1 or Article III, and amounts converted pursuant to Section 2.3 of this Note shall be applied first against outstanding fees and damages, then against accrued interest on the Principal Amount and then to Principal Amounts of not yet due Monthly Amounts commencing with the Monthly Amount next first payable and then Monthly Amounts thereafter in reverse chronological order. Any Principal Amount, interest and any other sum arising under the Transaction Documents Subscription Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.