Payment of the Note. Borrower shall punctually pay, or cause to be paid, the principal, interest and all other sums to become due in respect of the Note and the other Loan Documents in accordance with the Note and the other Loan Documents. Borrower shall authorize Lender to establish arrangements whereby all scheduled payments made in respect of the Obligations are transferred by Automated Clearing House Debit initiated by Lender directly from an account at a U.S. bank in the name of Borrower to such account as Lender may designate or as Lender may otherwise designate.
Payment of the Note. The Company will pay the principal of and interest on the Note on the dates and in the manner provided in such instrument and this Agreement. The obligation of the Company described in the preceding sentence is absolute and unconditional, irrespective of any tax or accounting treatment of such obligation including without limitation any documentary stamp, transfer, ad valorem or other taxes assessed by any jurisdiction in connection with this transaction.
Payment of the Note. The Company shall pay the principal of and interest on the Note in the time, the manner and the form provided therein, except to the extent that such principal and/or interest shall have been converted into Common Stock in accordance with its terms.
Payment of the Note. Simultaneously with the payment in full of the -------------------- Note, the Secured Party shall execute and file at its own expense any and all instruments necessary to terminate the security interest in the 21,851,503 shares of the Company Common Stock created by this Agreement and also execute any and all other instruments deemed reasonably necessary by the Debtor to vest in the Debtor title in the 21,851,503 shares of the Company Common Stock, free from any claim by the Secured Party.
Payment of the Note. The Principal Amount of this Note shall be paid by the Company as follows:
(a) The Company shall pay the Holder Thirty Seven Thousand Five Hundred Dollars ($37,500) on September 30, 2013; and
(b) The Company shall make twenty three (23) equal monthly installments of principal and interest of Five Thousand Four Hundred Thirty Four Dollars and Ninety Four Cents ($5,434.94) beginning September 30, 2013 and continuing on the 30th of each month thereafter. If any payment of principal or interest under this Note shall not be made within ten (10) business days when due, a late charge of ten percent (10%) of the outstanding payment amount may be charged by Holder for the purpose of defraying the expenses incident to handling such delinquent payments. Such late charge represents a reasonable sum considering all of the circumstances existing on the date of this Note and represents a fair and reasonable estimate of the costs that will be sustained by Holder due to the failure of Company to make timely payments.”
Payment of the Note. Upon payment of all outstanding principal and accrued interest of the Note, less amounts theretofore received and applied by Secured Party in reduction thereof, Secured Party shall transfer to Pledgor all the Pledged Shares and all rights received by Secured Party as a result of this pledge.
Payment of the Note. Debtor shall punctually pay, or cause to be paid, the principal, interest and all other sums to become due in respect of the Note and the Loan Documents in accordance with the Note and the Loan Documents.
Payment of the Note. The Borrower will duly and punctually pay the principal of and interest on the Note in accordance with the terms of the Note, and all other Indebtedness, when and as due and payable. The provisions of the Note are hereby incorporated by reference into this Deed of Trust as fully as if set forth at length herein. Time is of the essence hereof.
Payment of the Note. The Company shall pay the principal of and interest on the Note in the time, the manner and the form provided therein.
Payment of the Note. The unpaid principal amount of the Note, and all accrued but unpaid interest thereon, shall be due and payable on the earlier of (i) the Commitment Termination Date, or (ii) the date on which the Note becomes due and payable under the provisions of Section 7.2 hereof.
