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 December 15, 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 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 the Note shall bear interest at the Bank Rate and be subject to amortization as set forth in Section 3.01(b) below. (b) If the conditions set forth in Section 3.01(a) are satisfied on the Interest Rate Reset Date, the outstanding principal amount of the Note shall be paid in installments payable on each Amortization Payment Date (each such payment, an “Amortization Payment”), with the final installment in an amount equal to the entire then-outstanding principal amount of the Note to be paid in full on the Final Maturity Date (the period commencing on the Interest Rate Reset Date and ending on the Final Maturity Date is herein referred to as the “Amortization Period”). Each Amortization Payment shall be in an amount determined as set forth below: AMORTIZATION PAYMENT DATE December 15, 2023 33.4% of the outstanding principal amount of the Loan on such date December 15, 2024 33.3% of the outstanding principal amount of the Loan on such date December 15, 2025 (Final Maturity Date) Remaining amount of the outstanding principal amount of the Loan on such date Notwithstanding the foregoing and pursuant to the terms of Section 7.02 hereof, upon an Event of Default, the Lender may cause an acceleration of the Note by delivering a written notice to the Borrower that an Event of Default has occurred and is continuing and instructing the Borrower that the Note is subject to acceleration.

Payment of Principal Amount. (a) The Borrower shall pay to the Lender the Principal Amount of the Note in full on December 15[ , 2022 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 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. (b) If the conditions set forth in Section 3.01(a) are satisfied on the Interest Rate Reset Date, upon the Borrower’s written request delivered to the Lender in the form of Exhibit G attached hereto no later than thirty (30) days prior to the Interest Rate Reset Date, the outstanding principal amount of the Note shall be paid in substantially equal installments payable on each Amortization Payment Date (each such payment, an “Amortization Payment”), with the final installment in an amount equal to the entire then-outstanding principal amount of the Note to be paid in full on the Final Maturity Date (the period commencing on the Interest Rate Reset Date and ending on the Final Maturity Date is herein referred to as the “Amortization Period”). Each Amortization Payment shall be in an amount determined as set forth below: AMORTIZATION PAYMENT DATE December 15, 2023 33.4% of the outstanding principal amount of the Loan on such date December 15, 2024 33.3% of the outstanding principal amount of the Loan on such date December 15, 2025 (Final Maturity Date) Remaining amount of the outstanding principal amount of the Loan on such date Notwithstanding the foregoing and pursuant to the terms of Section 7.02 hereof, upon an Event of Default, the Lender may cause an acceleration of the Note by delivering a written notice to the Borrower that an Event of Default has occurred and is continuing and instructing the Borrower that the Note is subject to acceleration.

Payment of Principal Amount. (a) The Borrower shall pay to the Lender the Principal Amount of the Note in full on December 15, 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 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 the Note shall bear interest at the Bank Rate and be subject to amortization as set forth in Section 3.01(b) below. (b) If the conditions set forth in Section 3.01(a) are satisfied on the Interest Rate Reset Date, the outstanding principal amount of the Note shall be paid in installments payable on each Amortization Payment Date (each such payment, an “Amortization Payment”), with the final installment in an amount equal to the entire then-outstanding principal amount of the Note to be paid in full on the Final Maturity Date (the period commencing on the Interest Rate Reset Date and ending on the Final Maturity Date is herein referred to as the “Amortization Period”). Each Amortization Payment shall be in an amount determined as set forth below: AMORTIZATION PAYMENT DATE Amortization Payment Date December 15, 2023 33.4% of the outstanding principal amount of the Loan on such date December 15, 2024 33.3% of the outstanding principal amount of the Loan on such date December 15, 2025 (Final Maturity Date) Remaining amount of the outstanding principal amount of the Loan on such date Notwithstanding the foregoing and pursuant to the terms of Section 7.02 hereof, upon an Event of Default, the Lender may cause an acceleration of the Note by delivering a written notice to the Borrower that an Event of Default has occurred and is continuing and instructing the Borrower that the Note is subject to acceleration.

Payment of Principal Amount. (a) The Borrower shall pay to the Lender the Principal Amount of the Note in full on December 15[ , 2022 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 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. (b) If the conditions set forth in Section 3.01(a) are satisfied on the Interest Rate Reset Date, upon the Borrower’s written request delivered to the Lender in the form of Exhibit G attached hereto no later than thirty (30) days prior to the Interest Rate Reset Date, the outstanding principal amount of the Note shall be paid in substantially equal installments payable on each Amortization Payment Date (each such payment, an “Amortization Payment”), with the final installment in an amount equal to the entire then-outstanding principal amount of the Note to be paid in full on the Final Maturity Date (the period commencing on the Interest Rate Reset Date and ending on the Final Maturity Date is herein referred to as the “Amortization Period”). Each Amortization Payment shall be in an amount determined as set forth below: AMORTIZATION PAYMENT DATE December 15, 2023 33.4% of the outstanding principal amount of the Loan on such date December 15, 2024 33.3% of the outstanding principal amount of the Loan on such date December 15, 2025 (Final Maturity Date) Remaining amount of the outstanding principal amount of the Loan on such date Notwithstanding the foregoing and pursuant to the terms of Section 7.02 hereof, upon an Event of Default, the Lender may cause an acceleration of the Note by delivering a written notice to the Borrower that an Event of Default has occurred and is continuing and instructing the Borrower that the Note is subject to acceleration.