Common use of Payment of Principal Amount Clause in Contracts

Payment of Principal Amount. (a) The Borrower shall pay to the Lender the Principal Amount of the Note in full on [ , 20 ]2 (the “Interest Rate Reset Date”); provided however, if on the Interest Rate Reset Date the following statements shall be true and correct and the Lender shall have received a certificate incorporating by reference the definitions of the capitalized terms defined in this Agreement, signed by the Director and dated the Interest Rate Reset Date, stating that (i) the representations and warranties of the Borrower contained herein and in each of the other Related Documents are true and correct on and as of the Interest Rate Reset Date as though made on and as of such date, (ii) no Default or Event of Default has occurred and is continuing as of the Interest Rate Reset Date, and (iii) no Event of Non-Allocation has occurred, commencing on the Interest Rate Reset Date, the Note shall bear interest at the Bank Rate and be subject to amortization as set forth in Section 3.01(b) below.

Payment of Principal Amount. (a) The Borrower shall pay to the Lender the Principal Amount of the Note in full on [ December 15, 20 ]2 2022 (the “Interest Rate Reset Date”); provided however, if on the Interest Rate Reset Date the following statements shall be true and correct and the Lender shall have received a certificate incorporating by reference the definitions of the capitalized terms defined in this Agreement, signed by the Director and dated the Interest Rate Reset Date, stating that (i) the representations and warranties of the Borrower contained herein and in each of the other Related Documents are true and correct on and as of the Interest Rate Reset Date as though made on and as of such date, (ii) no Default or Event of Default has occurred and is continuing as of the Interest Rate Reset Date, and (iii) no Event of Non-Allocation or Event of Non-Allocation (OLA) has occurred, commencing on the Interest Rate Reset Date, Date the Note shall bear interest at the Bank Rate and be subject to amortization as set forth in Section 3.01(b) below.

Payment of Principal Amount. (a) The Borrower shall pay to the Lender the Principal Amount of the Note in full on [ December 15, 20 ]2 2021 (the “Interest Rate Reset Date”); provided however, if on the Interest Rate Reset Date the following statements shall be true and correct and the Lender shall have received a certificate incorporating by reference the definitions of the capitalized terms defined in this Agreement, signed by the Director and dated the Interest Rate Reset Date, stating that (i) the representations and warranties of the Borrower contained herein and in each of the other Related Documents are true and correct on and as of the Interest Rate Reset Date as though made on and as of such date, (ii) no Default or Event of Default has occurred and is continuing as of the Interest Rate Reset Date, and (iii) no Event of Non-Allocation has occurred, commencing on the Interest Rate Reset Date, Date the Note shall bear interest at the Bank Rate and be subject to amortization as set forth in Section 3.01(b) below.