Common use of Payments and Maturity Clause in Contracts

Payments and Maturity. The unpaid Principal Sum, together with interest thereon at the rate or rates provided above, shall be payable as follows: (a) Interest on the unpaid Principal Sum shall be due and payable in accordance with Section 2.4.4 (Payment of Interest) of the Financing Agreement; (b) Unless sooner paid, the unpaid Principal Sum, together with interest accrued and unpaid thereon, shall be due and payable in full on the Revolving Credit Termination Date. The fact that the balance hereunder may be reduced to zero from time to time pursuant to the Financing Agreement will not affect the continuing validity of this Note or the Financing Agreement, and the balance may be increased to the Principal Sum after any such reduction to zero.

Appears in 2 contracts

Samples: Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp)

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Payments and Maturity. The unpaid Principal Sum, together with interest thereon at the rate or rates provided above, shall be payable as follows: (a) Interest on the unpaid Principal Sum shall be due and payable in accordance with Section 2.4.4 (Payment monthly, commencing October 31, 1997, and on the last day of Interest) of the Financing Agreement;each month thereafter to maturity; and (b) Unless sooner paid, the unpaid Principal Sum, together with interest accrued and unpaid thereon, shall be due and payable in full on the Revolving Credit Termination DateSeptember 9, 2002. The fact that the balance hereunder may be reduced to zero from time to time pursuant to the Financing Agreement will not affect the continuing validity of this Note or the Financing Agreement, and the balance may be increased to the Principal Sum after any such reduction to zero.

Appears in 1 contract

Samples: Financing and Security Agreement (Arguss Holdings Inc)

Payments and Maturity. The unpaid Principal Sum, together with interest thereon at the rate or rates provided above, shall be payable as follows: (a) Interest only on the unpaid Principal Sum shall be due and payable in accordance with Section 2.4.4 (Payment monthly, commencing January 2, 2001, and on the first day of Interest) of the Financing Agreement;each month thereafter to maturity; and (b) Unless sooner paid, the unpaid Principal Sum, together with interest accrued and unpaid thereon, shall be due and payable in full on the Revolving Credit Termination DateSeptember 30, 2001. The fact that the balance hereunder may be reduced to zero from time to time pursuant to the Financing Agreement will not affect the continuing validity of this Note or the Financing Agreement, and the balance may be increased to the Principal Sum after any such reduction to zero.

Appears in 1 contract

Samples: Financing Agreement (Manugistics Group Inc)

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Payments and Maturity. The unpaid Principal Sum, together with interest thereon at the rate or rates provided above, shall be payable as follows: (a) Interest only on the unpaid Principal Sum shall be due paid at the times and payable in accordance with Section 2.4.4 (Payment of Interest) of the manner provided in the Financing Agreement; (b) Unless sooner paid, the unpaid Principal Sum, together with interest accrued and unpaid thereon, shall be due and payable in full on an the Revolving Credit Termination DateExpiration Date (as defined in the Financing Agreement). The fact that the balance hereunder may be reduced to zero from time to time pursuant to the Financing Agreement will not affect the continuing validity of this Note or the Financing Agreement, and the balance may be increased to the Principal Sum after any such reduction to zero.

Appears in 1 contract

Samples: Financing and Security Agreement (Kimberton Enterprises Inc)

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