Payment of Principal and Accrued Interest. The Company will duly and punctually pay or cause to be paid the principal sum of this Note, together with interest accrued thereon from the date hereof to the date of payment, in accordance with the terms hereof.
Payment of Principal and Accrued Interest a. Interest shall accrue on the outstanding principal amount of this Note at eight and one-half percent (8.5%) per annum (the “Interest Rate”). Interest shall be computed hereunder based on a 360-day year. Interest shall be payable monthly on the 5th day of each month, with the first interest payment due February 5, 2017.
b. The principal amount of this Note together with all accrued and unpaid interest thereon shall be all due and payable on the Maturity Date.
Payment of Principal and Accrued Interest. (a) Unless prepaid pursuant to Section 4, accelerated pursuant to Section 5, or earlier withdrawn pursuant to Section 6, the Amount Owed, subject to the adjustment described in Section 1, shall be due and payable to the Lender according to the following schedule (the “Payment Schedule”):
(i) The Lender may elect to receive the Interest on a monthly basis, in which case the Interest shall be due every successive calendar month after the Accrual Day until the Principal is paid in full, and the Principal shall be due thirty (30) months after the Accrual Date (the “Maturity Date”).
(ii) If the Lender does not make the election described in Section 3(a)(i), the Amount Owed shall be due on the Maturity date. There shall be no penalty for payment by the Borrower after the Maturity Date, but Interest shall continue to accrue until payment of the Note is complete.
(b) All U.S. dollar amounts used in or resulting from the calculation of the Amount Owed shall be rounded to the nearest cent (with one-half cent being rounded upward).
Payment of Principal and Accrued Interest a. Interest shall accrue on the outstanding principal amount of this Note at eight and one-half percent (8.5%) per annum (the “Interest Rate”). Interest shall be computed hereunder based on a 360-day year. Interest shall be payable monthly on the 28th day of each month.
b. The principal amount of this Note shall be payable in monthly installments on the basis of a twenty-four month amortization schedule beginning after the first anniversary of the Effective Date, with principal amortization payments of One Hundred and Four Thousand One Hundred Sixty Six Dollars and Sixty-Seven Cents ($104,166.67) payable on the 28th day of each month beginning February 28, 2017 until the Maturity Date. The unamortized principal amount of this Note shall be payable on the Maturity Date.
Payment of Principal and Accrued Interest a. Interest shall accrue on the outstanding principal amount of this Note at the “LIBOR RATE” (as defined below) plus five percent (5%) per annum (the “Interest Rate”). Interest shall be computed hereunder based on a 360-day year. Interest shall be payable monthly on the 15th day of each month. The “LIBOR Rate” shall mean the rate of interest (rounded upwards, if necessary, to the next 1/8th of 1%) fixed by the British Bankers Association at 11:00 AM London, England time relating to quotations for the one month London Interbank Offered Rate on US Dollar deposits as published by Bloomberg LP.
Payment of Principal and Accrued Interest. Beginning as of the date of this Note first written above (the "Date of Note") and continuing until the outstanding principal balance is paid in full, interest will accrue at an annual rate of Eight Percent (8.0%). Interest will be computed on a 365/360 day basis compounding monthly; that is in each month 1/360 of the Eight Percent (8.0%) annual interest rate, will be multiplied by (a) the sum of (i) the outstanding principal balance and (ii) accumulated interest outstanding as of the end of the prior month and (b) the actual number of days that the principal was outstanding in such month.
Payment of Principal and Accrued Interest a. Interest shall accrue on the outstanding principal amount of this Note at eight and one-half percent (8.5%) per annum (the "Interest Rate"). Interest shall be computed hereunder based on a 360-day year. Interest shall be payable monthly on the 1st day of each month, with the first interest payment due December 1, 2018.
b. If not paid sooner under this Section 1.01 or otherwise, the principal amount of this Note together with all accrued and unpaid interest thereon shall be due and payable on the Maturity Date.
c. Subject to the MidCap Subordination Agreement and MidCap Credit Agreement, when any Maker consummates any Special Asset Disposition ([ ]), such Maker will use the Net Cash Proceeds of such Special Asset Disposition to pay any accrued and unpaid interest under this Note and any other note subject to the Intercreditor Agreement, such payment to be made promptly but in no event more than three (3) business days following receipt of such Net Cash Proceeds and until the date of payment, such proceeds shall be held in trust for the Holder and the holder of any other note subject to the Intercreditor Agreement.
d. Subject to the MidCap Subordination Agreement and MidCap Credit Agreement, when any Maker [ ], such Maker will use the Net Cash Proceeds of such sale to pay the accrued and unpaid interest and outstanding principal under this Note, such payment to be made directly [ ] upon consummation of such sale. Any Net Cash Proceeds in excess of the amount due to pay all accrued and unpaid interest and outstanding principal on this Note may be remitted to any other secured lender of Maker or to Maker, as the case may be.
Payment of Principal and Accrued Interest. (a) Unless prepaid pursuant to Section 4 or accelerated pursuant to Section 5, the Amount Owed, subject to the adjustment described in Section 1, shall be due and payable to the Lender according to the following schedule (the “Payment Schedule”):
(i) Any accrued but unpaid Interest is due every successive calendar quarter after the Accrual Day until the Principal is paid in full, and
(ii) The Principal, along with any Interest accrued but unpaid pursuant to Section 3(a)(i) shall be due sixty (60) months after the Accrual Date (the “Maturity Date”); provided, however, that, there shall be no penalty for payment by the Borrower of the Amount Owed within ten (10) business days after the Maturity Date for purposes of effecting a transfer or delivery of money to the bank account designated by the Lender.
(b) All U.S. dollar amounts used in or resulting from the calculation of the Amount Owed shall be rounded to the nearest cent (with one-half cent being rounded upward).
Payment of Principal and Accrued Interest. Holders must surrender -------------------------------------------- Certificates to a Paying Agent to collect principal payments. Payment will be made in money of the United States that at the time of payment is legal tender for payment of public and private debts; however, payment may be made by check payable in such money mailed to the Certificateholder's registered address.
Payment of Principal and Accrued Interest. The Holders shall have received all principal and accrued interest on the private placement notes previously issued by the Obligors to the Holder.
