Common use of Payment of Term Note; Prepayment Clause in Contracts

Payment of Term Note; Prepayment. Except as payment of part or all of the Term Note is sooner required under Section 3.1 or Article VIII, the principal of the Term Note shall be paid in eight (8) equal quarterly installments of Two Hundred Thousand Dollars ($200,000.00) each on the first day of each January, April, July and October, commencing July 1, 1992 and continuing thereafter up to and including April 1, 1994 and a final payment on May 1, 1994 consisting of the entire remaining outstanding principal balance of, all accrued interest on, and all other sums due under the Term Note. The Borrower may prepay at any time all or any portion of the Term Note without premium or penalty provided that any prepayments shall be applied to principal last maturing.

Payment of Term Note; Prepayment. Except as payment of part or all of the Term Note is sooner required under Section 3.1 or Article VIII, the principal of the Term Note shall be paid in eight (8) equal quarterly monthly installments of Two Hundred Thousand Dollars ($200,000.00) 40,000 each on the first day of each January, April, July and October, month commencing July December 1, 1992 1994, and continuing thereafter up to and including April August 1, 1994 1995 and a final payment on May 1August 31, 1994 1995 consisting of the entire remaining outstanding principal balance of, all accrued interest on, and all other sums due under the Term Note. The Borrower may prepay at any time all or any portion of the Term Note without premium or penalty provided that any prepayments shall be applied to principal last maturing."

Payment of Term Note; Prepayment. Except as payment of part or all of the Term Note is sooner required under Section 3.1 or Article VIII, the principal of the Term Note shall be paid in eight (8) equal quarterly monthly installments of Two Hundred Thousand Dollars ($200,000.00) 40,000 each on the first day of each January, April, July and October, month commencing July December 1, 1992 1994, and continuing thereafter up to and including April November 1, 1994 1995 and a final payment on May 1November 30, 1994 1995 consisting of the entire remaining outstanding principal balance of, all accrued interest on, and all other sums due under the Term Note. The Borrower may prepay at any time all or any portion of the Term Note without premium or penalty provided that any prepayments shall be applied to principal last maturing."

Payment of Term Note; Prepayment. Except as payment of part or all of the Term Note is sooner required under Section 3.1 or Article VIII, the principal of the Term Note shall be paid in eight (8) equal quarterly monthly installments of Two Hundred Thousand Dollars ($200,000.00) 40,000 each on the first day of each January, April, July and October, month commencing July May 1, 1992 1994, and continuing thereafter up to and including April November 1, 1994 and a final payment on May 1November 30, 1994 consisting of the entire remaining outstanding principal balance of, all accrued interest on, and all other sums due under the Term Note. The Borrower may prepay at any time all or any portion of the Term Note without premium or penalty provided that any prepayments shall be applied to principal last maturing."