Monthly Installment Payments. The Borrower shall, at its own option, (i) repay in cash any Installment Amount (a “Borrower Repayment”) on the applicable Repayment Date, subject to the provisions of this Section 2(c) and Section 2(d), (ii) repay any Installment Amount by submitting an Advance Notice (an “Advance Repayment”) with an Advance Date on or before the applicable Repayment Date, subject to the provisions of Section 2(e), or (iii) repay any Installment Amount in a combination of a 1 Insert date 6 months from Issuance Date. 2 Insert date 7 months from Issuance Date.
Monthly Installment Payments. Subject to the terms of this Section 2, the Principal Amount of this Note shall become due in installments in the amounts and on the dates specified herein (each a "Repayment Date"), plus any and all default payments owing under the Transaction Documents but not previously paid. If the Company meets the Additional Financing Threshold, then the outstanding Principal Amount of this Note shall be due and payable in installments on the dates and in the amounts shown below: Date Amount ---- ------ December 1, 2002 $200,000.00 January 1, 2003 200,000.00 February 1, 2003 200,000.00 March 1, 2003 200,000.00 April 1, 2003 200,000.00 May 1, 2003 200,000.00 June 1, 2003 200,000.00 July 1, 2003 200,000.00 August 1, 2003 200,000.00 September 1, 2003 200,000.00 October 1, 2003 200,000.00 November 1, 2003 200,000.00 December 1, 2003 200,000.00 January 1, 2004 200,000.00 February 1, 2004 1,200,000.00 If the Company does not meet the Additional Financing Threshold, then the outstanding Principal Amount of this Note shall be due and payable in installments on the dates and in the amounts shown below: Date Amount ---- ------ August 1, 2002 $200,000.00 September 1, 2002 200,000.00 October 1, 2002 200,000.00 November 1, 2002 200,000.00 December 1, 2002 200,000.00 January 1, 2003 200,000.00 February 1, 2003 200,000.00 March 1, 2003 200,000.00 April 1, 2003 200,000.00 May 1, 2003 200,000.00 June 1, 2003 200,000.00 July 1, 2003 200,000.00 August 1, 2003 200,000.00 September 1, 2003 200,000.00 October 1, 2003 200,000.00 November 1, 2003 200,000.00 December 1, 2003 200,000.00 January 1, 2004 200,000.00 February 1, 2004 400,000.00 Any principal of this Note that is prepaid by the Company pursuant to Section 3 or converted by the Holder pursuant to Section 4 shall be applied to reduce the installments of principal payable under this Section 2(b) in inverse order of maturity.
Monthly Installment Payments. The Company shall pay Employee, subject to the provisions hereof, the gross amount of $360,000, less applicable withholding taxes, to be paid to Employee at the gross rate of (a) $7,500 per month for a period of twelve (12) months, commencing on September 15, 1998, and continuing through August 15, 1999, and (b) $15,000 per month for a period of eighteen (18) months commencing on September 15, 1999 and continuing through February 15, 2001.
Monthly Installment Payments. The Borrower shall, at its own option, (i) repay in cash any Installment Amount (a “Borrower Repayment”) on the applicable Repayment Date, subject to the provisions of this Section 2(c) and Section 2(d), (ii) repay any Installment Amount by submitting an Advance Notice (an “Advance Repayment”) with an Advance Date on or before the applicable Repayment Date, subject to the provisions of Section 2(e), or (iii) repay any Installment Amount in a combination of a Borrower Repayment and an Advance Repayment (a “Combination Repayment”). On or prior to the date that is the fifth Trading Day prior to each Repayment Date (each, a “Repayment Notice Due Date”), the Borrower shall deliver written notice (each, an Doc ID: 7bcca1fad2cd1b13b5985dc9fbd729325388609c
Monthly Installment Payments. On the date hereof, Borrower shall pay to Lender a sum equal to the amount of all interest which shall accrue on this Note at the Interest Rate from the date hereof to August 1, 2015. Commencing on September 1, 2015 and continuing on the first day of each and every calendar month thereafter until the Maturity Date, there shall be regular, consecutive monthly installments of principal and interest, based on a one hundred sixty eight (168) month amortization, and payable as follows: The sum of $14,324.72, commencing on September 1, 2015 and continuing monthly until August 1, 2029, at which time the remaining principal balance, together with all accrued and unpaid interest, and any other unpaid sums hereunder, shall be due and payable in full. All payments shall be made with legal tender in the United States for public and private debts at the time of payment.
Monthly Installment Payments. Notwithstanding the terms of the Note, the Installment Dates shall be modified such that the next Installment Date shall be the date that is ninety (90) days from the date of this Agreement (the “Next Installment Date”) with each subsequent Installment Date being on the same day of each month thereafter until the Maturity Date. In addition, notwithstanding the Installment Amount set forth in the Note, the Installment Amount due on the next three (3) Installment Dates (beginning with the Next Installment Date) shall be equal to $50,000.00. After the third of such $50,000.00 Installment Amounts has been paid to Lender, the Installment Amounts due on each of the remaining Installment Dates shall revert to the Installment Amount set forth in the Note. For the avoidance of doubt, each of such Installment Amounts may be paid by Borrower to Lender in the form of cash or Installment Conversion Shares, as set forth in more detail in Section 8 of the Note.
Monthly Installment Payments. Notwithstanding Section 2.5.2, an Executive may elect that, in the event of a Change in Control, the Employer shall pay the benefit to the Executive in twelve (12) equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date. The annual benefit shall be paid to the Executive for fifteen (15) years. The election to receive installment payments must be made by the Executive no later than the date this Agreement is signed. Notwithstanding the foregoing, the Executive may change his or her election provided the requirements of Section 2.8 are satisfied.
Monthly Installment Payments. Borrower shall make monthly payments of principal in the amount of Twenty Five Thousand Dollars ($25,000) on each of the four (4) and five (5) month anniversaries of the date of this Debenture (i.e. on [__________ __, 2006, and __________ __, 2006)], together with all accrued but unpaid interest due and owing under this Debenture on each such monthly payment date.
Monthly Installment Payments. Borrower shall make principal monthly installment payments of $6,000 (each, a “Monthly Payment”), payable on the 1st day of November 2020 and each month thereafter.
Monthly Installment Payments. Debtor hereby agrees to pay to the Agent for the benefit of the Parties, as follows:
(1) On or before the first business day of each calendar month beginning January 1, 2000, an amount equal to 1/36 of the total of the amounts set forth on Exhibit "A" hereto, plus such additional amounts as may be required upon reconciliation of Exhibit "A" to the ballots accepting the Debtor's Plan for repayment, plus interest on the total amounts unpaid at the rate of 8% per annum running from July 26, 1999, on a fully amortized basis. Interest accruing from July 26, 1999 through the date the first installment shall be paid by CMA to creditors, shall be paid as a last, thirty-seventh (37th) monthly installment payment;
(2) To those Creditors on Exhibit "A" whose claims are less than $5,000 or by their ballot have agreed to reduce their claim to $5,000, one installment in the allowed amount listed on Exhibit "A" as soon as claims in such category have been reconciled. Following the occurrence of an Event of Default under Paragraph 4(a) hereof, the principal balance of the Obligations shall bear interest thereafter at the default rate of 12% per annum until all delinquent amounts, including default rate interest, are paid.
