Payment and Maturity. (a) The entire principal balance of this Note (as such may be reduced in accordance with the terms of Section 2 the Stock Purchase Agreement), and all fees and costs reserved hereunder, shall be due and payable in full on February 15, 2015 (the “Maturity Date”). (b) All payments due under this Note shall be payable in immediately available funds in lawful money of the United States which shall be legal tender for public and private debts at the time of payment. The making of any payment in other than immediately available funds, which the Lender, at its option elects to accept, shall be subject to collection, and interest shall continue to accrue until the funds by which payment is made are available to the Lender for its use.
Appears in 1 contract
Samples: Stock Purchase Agreement (Alliance Bankshares Corp)
Payment and Maturity. (a) The entire principal balance of this Note (as such may be reduced in accordance with the terms of Section 2 the Stock Purchase Agreement), and all fees and costs reserved hereunder, shall be due and payable in full on February 15, 2015 2012 (the “Maturity Date”).
(b) All payments due under this Note shall be payable in immediately available funds in lawful money of the United States which shall be legal tender for public and private debts at the time of payment. The making of any payment in other than immediately available funds, which the Lender, at its option elects to accept, shall be subject to collection, and interest shall continue to accrue until the funds by which payment is made are available to the Lender for its use.
Appears in 1 contract
Samples: Stock Purchase Agreement (Alliance Bankshares Corp)
Payment and Maturity. (a) The entire principal balance of this Note (as such may be reduced in accordance with the terms of Section 2 the Stock Purchase Agreement), and all fees and costs reserved hereunder, shall be due and payable in full on February 15, 2015 2014 (the “Maturity Date”).
(b) All payments due under this Note shall be payable in immediately available funds in lawful money of the United States which shall be legal tender for public and private debts at the time of payment. The making of any payment in other than immediately available funds, which the Lender, at its option elects to accept, shall be subject to collection, and interest shall continue to accrue until the funds by which payment is made are available to the Lender for its use.
Appears in 1 contract
Samples: Stock Purchase Agreement (Alliance Bankshares Corp)
Payment and Maturity. (a) The entire principal balance of this Note (as such may be reduced in accordance with the terms of Section 2 the Stock Purchase Agreement), and all fees and costs reserved hereunder, shall be due and payable in full on February 15, 2015 2013 (the “Maturity Date”).
(b) All payments due under this Note shall be payable in immediately available funds in lawful money of the United States which shall be legal tender for public and private debts at the time of payment. The making of any payment in other than immediately available funds, which the Lender, at its option elects to accept, shall be subject to collection, and interest shall continue to accrue until the funds by which payment is made are available to the Lender for its use.
Appears in 1 contract
Samples: Stock Purchase Agreement (Alliance Bankshares Corp)