Note, Rate, Computation of Interest, and Prepayments. The Credit Facility shall be evidenced by a Note duly executed by Debtor and payable to the order of Lender, in form and substance acceptable to Lender. The principal of and interest on the Note shall be due and payable in accordance with the terms and conditions set forth in the Note and in this Agreement. All payments made by Debtor under this Agreement and the other Loan Documents shall be made to Lender at Lender’s offices as set forth herein in Dollars and immediately available funds, without setoff, deduction or counterclaim, and free and clear of all taxes, at the time and in the manner provided in the Note. Debtor shall promptly, and in any event within ten (10) days of any such occurrence, prepay the Note as follows:
Appears in 2 contracts
Samples: Loan and Security Agreement (Ministry Partners Investment Company, LLC), Loan and Security Agreement (Ministry Partners Investment Company, LLC)
Note, Rate, Computation of Interest, and Prepayments. The Credit Facility shall be evidenced by a Note duly executed by Debtor Borrower and payable to the order of LenderCredit Union, in form and substance acceptable to LenderCredit Union. The principal of and interest on the Note shall be due and payable in accordance with the terms and conditions set forth in the Note and in this Agreement. All payments made by Debtor Borrower under this Agreement and the other Loan Documents shall be made to Lender Credit Union at LenderCredit Union’s offices as set forth herein in Dollars dollars and immediately available funds, without setoff, deduction or counterclaim, and free and clear of all taxes, at the time and in the manner provided in the Note. Debtor Borrower shall promptly, and in any event within ten (10) days of any such occurrence, prepay the Note as follows::
Appears in 2 contracts
Samples: Loan and Security Agreement (Ministry Partners Investment Company, LLC), Loan and Security Agreement (Ministry Partners Investment Company, LLC)
Note, Rate, Computation of Interest, and Prepayments. The Credit Facility shall be evidenced by a Note duly executed by Debtor Borrower and payable to the order of LenderCredit Union, in form and substance acceptable to LenderCredit Union. The principal of and interest on the Note shall be due and payable in accordance with the terms and conditions set forth in the Note and in this Agreement. All payments made by Debtor Borrower under this Agreement and the other Loan Documents shall be made to Lender Credit Union at LenderCredit Union’s offices as set forth herein in Dollars dollars and immediately available funds, without setoff, deduction or counterclaim, and free and clear of all taxes, at the time and in the manner provided in the Note. Debtor Borrower shall promptly, and in any event within ten (10) days of any such occurrence, prepay the Note as follows:
Appears in 1 contract
Samples: Loan and Security Agreement (Ministry Partners Investment Company, LLC)