Common use of Notes Evidencing Loans; Repayment Clause in Contracts

Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of Lender substantially in the form of EXHIBIT "A" to this Agreement, in the total principal amount of the Loan. Each Note shall be payable as follows: Principal and Basic Interest shall be paid in forty two (42) equal and successive monthly payments, in advance, beginning on the Borrowing Date and continuing on the first Business Day of each month thereafter; provided, that the first and last such amortization installment payments shall be paid in advance on the Borrowing Date. If the Borrowing Date is not the first day of a month, then the 42-month amortization period shall commence on the first day of the next month following the Borrowing Date, and interest only shall accrue and be payable for the period from the Borrowing Date to the first day of the next month. Borrower shall pay to Lender, in advance, on the Borrowing Date a payment of Basic Interest on the amount of any Loan that is not made on the first day of the month for interest that will accrue on such Loan from the Borrowing Date through the last day of the same month. The payment of amortization installments of principal of and interest on a Loan in advance results in a higher effective rate of interest than the stated Designated Rate applicable to such Loan. The full amount of the Terminal Payment with respect to each Loan shall be due and payable on the Maturity Date of such Loan.

Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of Lender substantially in the form of EXHIBIT Exhibit "A" to this Agreement, in the total principal amount of the Loan. Each Note shall be payable as follows: Principal and Basic Interest shall be paid in forty two thirty-six (4236) equal and successive monthly payments, in advance, beginning on the Borrowing Date and continuing on the first Business Day of each month thereafter; provided, that the first and last such amortization installment payments shall be paid in advance on the Borrowing Date. If the Borrowing Date is not the first day of a month, then the 4236-month amortization period shall commence on the first day of the next month following the Borrowing Date, and interest only shall accrue and be payable for the period from the Borrowing Date to the first day of the next month. Borrower shall pay to Lender, in advance, on the Borrowing Date a payment of Basic Interest on the amount of any Loan that is not made on the first day of the month for interest that will accrue on such Loan from the Borrowing Date through the last day of the same month. The payment of amortization installments of principal of and interest on a Loan in advance results in a higher effective rate of interest than the stated Designated Rate applicable to such Loan. The full amount of the Terminal Payment with respect to each Loan shall be due and payable on the Maturity Date of such Loan.

Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of Lender substantially in the form of EXHIBIT Exhibit "A" to this Agreement, in the total principal amount of the Loan. Each ----------- Note shall be payable as follows: ' Principal and Basic Interest shall be paid in forty two (42) equal and successive monthly payments, in advance, beginning on the Borrowing Date and continuing on the first Business Day of each month thereafter; provided, that the first and last such amortization installment payments shall be paid in advance on the Borrowing Date. If if the Borrowing Date of a Loan is not the -------- first day of a month, then (i) the 42-month amortization period shall commence on the first day of the next month following the Borrowing Date, and interest only shall accrue and be payable for the period from the Borrowing Date to the first day of the next month. (ii) Borrower shall pay to Lender, in advance, advance on the Borrowing Date a payment of Basic Interest on the amount of any Loan that is not made on the first day of the month for interest that will accrue on such Loan from the Borrowing Date through the last day of such month. Borrower shall also prepay on the same monthBorrowing Date the first amortization installment payment. The Additional Interest on each Loan shall be paid on the first Business Day of the forty third (43rd) full month after the Borrowing Date of such Loan. The payment of amortization installments of principal of and interest on a Loan in advance results in a higher effective rate of interest than the stated Designated Rate applicable to such Loan. The full amount of the Terminal Payment with respect to each Loan shall be due and payable on the Maturity Date of such Loan.

Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of Lender substantially in the form of EXHIBIT Exhibit "A" to this Agreement, in the total principal amount of the Loan. ----------- Each Note shall be payable as follows: Principal and Basic Interest shall be paid in forty two (42) equal and successive monthly payments, in advance, beginning on the Borrowing Date and continuing on the first Business Day of each month thereafter; provided, that the first and last such amortization installment payments shall be paid in advance on the Borrowing Date. If if the Borrowing Date of a Loan is not the -------- first day of a month, then (i) the 42-month amortization period shall commence on the first day of the next month following the Borrowing Date, and interest only shall accrue and be payable for the period from the Borrowing Date to the first day of the next month. (ii) Borrower shall pay to Lender, in advance, advance on the Borrowing Date a payment of Basic Interest on the amount of any Loan that is not made on the first day of the month for interest that will accrue on such Loan from the Borrowing Date through the last day of such month. Borrower shall also prepay on the same monthBorrowing Date the first amortization installment payment. The Additional Interest on each Loan shall be paid on the first Business Day of the forty third (43rd) full month after the Borrowing Date of such Loan. The payment of amortization installments of principal of and interest on a Loan in advance results in a higher effective rate of interest than the stated Designated Rate applicable to such Loan. The full amount of the Terminal Payment with respect to each Loan shall be due and payable on the Maturity Date of such Loan.