Payment; Maturity. (a) The entire unpaid principal balance of the Notes shall be due and paid at par and without payment of the Make-Whole Amount, or any premium, on the respective stated Maturity Dates thereof.
Payment; Maturity. At any time upon or after the earlier of (i) January 1, 2013, (ii) an Event of Default, or (iii) a Change of Control (the “Maturity Date”), if this Note has not been converted in accordance with the terms of Section 2 below, Holder may demand payment of the entire outstanding principal balance of this Note and all unpaid accrued interest thereon. Interest shall be paid on the last day of each calendar quarter beginning on December 31, 2011. All payments of interest and principal shall be in lawful money of the United States of America. All payments shall be applied first to accrued interest, and thereafter to principal. If any payments on this Note become due on a Saturday, Sunday or a public holiday under the laws of the State of Florida, such payment shall be made on the next succeeding business day and such extension of time shall be included in computing interest in connection with such payment. An “Event of Default” shall have the meaning set forth in that certain Loan Agreement dated of even date herewith between Payor and Holder (the “Loan Agreement”) to which this Note is an exhibit. A “Change of Control” means (a) the consummation of a sale, transfer or lease of all or substantially all of Payor's assets, or (b) the consummation of an acquisition of Payor by another entity in which Payor's stockholders immediately prior to the transaction do not control a majority of the voting securities of the surviving entity.
Payment; Maturity. 8.9.10. price of the performance provided;
Payment; Maturity. (a) Installment payments of principal of each Note shall be due and made at par, without any premium, commencing on the first Semi-Annual Date to occur after the six-month anniversary of the Commercial Operations Date (the “Principal Repayment Commencement Date”), on each Semi-Annual Date thereafter, ending on the Semi-Annual Date immediately prior to the Maturity Date, and in a final fixed installment on the Maturity Date, in accordance with the amortization schedule attached hereto as Schedule 8.1 and otherwise in accordance with the terms of this Agreement and the Notes; provided that, in the event that any such payment date is not a Business Day, such payments shall be due on the Business Day immediately preceding such payment date. Prior to (and not including) the Principal Repayment Commencement Date, interest accruing on the outstanding principal amount of the Notes shall be paid in kind and capitalized on the last day of each month by adding the aggregate amount of such interest to the outstanding principal amount of the Notes on each such monthly date.
Payment; Maturity. Installment payments of principal of each Note shall be due and made, at par and without payment of the Make-Whole Amount, or any premium, on each Repayment Date in accordance with the amortization schedule attached hereto as Schedule 8.1, and interest on each Note shall be paid commencing on December 31, 2015 in accordance with the terms of the Notes; provided, that upon any partial prepayment of the Notes pursuant to Section 8.2 or 8.5, the principal amount of each installment of the Notes becoming due under this Section 8.1 on and after the date of such prepayment shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment. As provided therein, each Note shall mature and all remaining unpaid principal and accrued interest shall be due and payable on the stated maturity date thereof.
Payment; Maturity. The term of this Note shall be One (1) year and one (1) day from the date hereof (the “Maturity Date”) and shall be repaid in four (4) equal quarterly payments of principal and interest, with the first payment due and payable ninety (90) days from the Closing Date with each of the three subsequent payments becoming due 90 days after the last.
Payment; Maturity. The outstanding principal balance, together with any and all accrued and unpaid interest and any other amounts due and owing under this Note, shall be due and payable on June __, 2010 (the “Maturity Date”). If the Maturity Date does not fall on a business day, then the Maturity Date shall be the next first business day.
