Common use of Payments of Interest and Principal Clause in Contracts

Payments of Interest and Principal. Interest on the borrowed outstanding principal balance under this Note shall be payable quarterly, commencing on the first banking day of each quarter, including credit for an October 1, 2008 payment, and a January 1, 2009 payment, and thereafter, until the Maturity Date (each, an “Interest Date”); provided however, the first payments, otherwise due under the August 22, 2008 Superseding Note on October 1, 2008, and otherwise due on January 1, 2009, will be added to principal and treated as paid but reborrowed under the terms hereof.

Payments of Interest and Principal. Interest on the borrowed outstanding principal balance under this Note shall be payable quarterly, commencing on the first banking day of each quarter, including credit for an commencing on October 1, 2008 payment, and a January 1, 2009 payment2008, and thereafter, until the Maturity Date (each, an “"Interest Date”"); provided however, the first payments, otherwise due under the August 22, 2008 Superseding Note on October 1, 2008, and otherwise due on January 1, 2009, will be added to principal and treated as paid but reborrowed under the terms hereof.