Principal Amortization Payments Sample Clauses

Principal Amortization Payments. (a) Commencing on the first business day of the month that begins six months after the Original Issuance Date or earlier with mutual written consent of the Maker and the Holder, the Maker shall pay to the Holder the Principal amount hereunder in equal monthly installments (each a “Monthly Payment”) on such date and on the same day each month thereafter (each, a “Payment Date”) until the Principal has been paid in full prior to or on the Maturity Date or, if earlier, upon acceleration, conversion or prepayment of this Note in accordance with its terms. (b) The Maker and the Holder agree that all payments made under this Note, including the provisions of this Section 1.3, shall be subject in all cases to the terms of the Purchase Agreement, including, without limitation, Section 2.4 thereof. (c) At the option of the Maker, the Monthly Payments shall be made in cash or in shares of Common Stock of the Maker. The Maker may only elect to make a Monthly Payment in Common Stock if the Holder either receives free trading shares or shares that can be immediately resold pursuant to Rule 144(i) under the Securities Act and all Equity Conditions have been satisfied, unless the Holder in its sole discretion elects to waive this requirement for a specific Monthly Payment. In connection with any Monthly Payment made in shares of Common Stock, the number of shares to be delivered shall be determined by dividing the Monthly Payment Amount by the lower of (i) the Conversion Price or (ii) the Amortization Conversion Price (“Monthly Conversion Price”). In order to elect to pay a Monthly Payment in Common Stock, the Maker must give the Holder written notice no later than seven Trading Days before the applicable Payment Date, which notice shall be irrevocable (the “Monthly Payment Notice”). The Holder may convert pursuant to Section 3 any Principal amount of this Note subject to a Monthly Payment at any time prior to the date that the Monthly Payment, plus accrued but unpaid Interest, and any other amounts then owing to the Holder are due and paid in full. Unless otherwise indicated by the Holder in the applicable Conversion Notice, any Principal of this Note converted during the applicable Monthly Conversion Period until the date the Monthly Payment is paid in full shall be first applied to the Principal subject to the Monthly Payment payable in cash and then to the Monthly Payment payable in Conversion Shares. The Maker covenants and agrees that it will honor all Conversion N...

Principal Amortization Payments. Commencing on March 7, 2014 and continuing on the fifth (5th) Business Day of each month thereafter during the term of the Loans (including any Extension Period), monthly principal payments on the Loans in an amount equal to forty-two hundredths percent (0.42%) of the Outstanding amount of the Loans as of March 1, 2014 shall be due and payable.

Principal Amortization Payments. Commencing on July 1, 2014, and on each Payment Date thereafter, Borrowers shall pay to Agent for the account of the Lenders (other than a Defaulting Lender), a monthly principal amortization payment with respect to the Additional Ten Project Loan in accordance with Schedule 2.3 attached hereto. If July 1, 2014, is not a Business Day, then the applicable payment due hereunder shall be made on the first Business Day immediately following such date.

Principal Amortization Payments. Commencing on August 1, 2006, and on the first (1st) day of each month thereafter until the Maturity Date, Borrower shall make a monthly principal amortization payment in accordance with Schedule 2.3 in addition to the interest payments required under Section 2.3(a), above. If the first day of a month is not a Business Day, then the applicable payment due hereunder shall be made on the first Business Day immediately following the first day of such month.

Principal Amortization Payments. Continuing on December 1, 2009 and on the first (1st) day of each month thereafter until the Ten Project Loans Maturity Date, Ten Project Borrowers shall make a monthly principal amortization payment in accordance with Schedule 2.3(a) attached hereto. If the first day of a month is not a Business Day, then the applicable payment due hereunder shall be made on the first Business Day immediately following the first day of such month.

Principal Amortization Payments. Commencing on March 7, 2014 and continuing on the fifth (5th) Business Day of each month thereafter during the term of the Loans, monthly principal payments on the Loans shall be due and payable in an aggregate principal amount equal to the sum of (i) forty-two hundredths percent (0.42%) of the Outstanding amount of the Loans as of March 1, 2014, plus (ii) beginning January 8, 2016 and continuing on the fifth (5th) Business Day of each month thereafter, the additional monthly principal amount of $1,000,000 in January, $1,150,000 in February and $1,000,000 in March.”

Principal Amortization Payments. Commencing on the first (1st) day of the first (1st) calendar month immediately following the Earnout Advance (if any) (the "EARNOUT AMORTIZATION COMMENCEMENT DATE"), and on the first (1st) day of each month thereafter through March, 2009, Borrowers shall (in addition to the interest payments required under Section 2.3(a)) make a monthly principal amortization payment to Agent based upon the principal amount of the Earnout Advance (if any), using a twenty-five (25) year period commencing on the Earnout Amortization Commencement Date and an annual interest rate equal to six percent (6.0%), as reasonably calculated by Agent. Commencing on April 1, 2009, and on the first (1st) day of each month thereafter until the Maturity Date, Borrower shall (in addition to the interest payments required under Section 2.3(a)) make a monthly principal amortization payment to Agent based upon the outstanding principal balance of the Loan as of March 31, 2009, using a twenty-five (25) year period commencing on April 1, 2009, and an annual interest rate equal to six percent (6.0%) as reasonably calculated by Agent. If the first (1st) day of a month is not a Business Day, then the applicable payment due under this Section 2.3(b) shall be made on the first (1st) Business Day immediately following the first (1st) day of such month.

Principal Amortization Payments. Commencing on July 1, 2013 and continuing on the first day of each October, January, April and July thereafter during the term of the Loans (including any Extension Period), quarterly principal payments on the Loans in an amount equal to $1,875,000 shall be due and payable.

Principal Amortization Payments. Commencing on June 1, 2010, and continuing on each Payment Date thereafter until and including the Maturity Date, in addition to the interest payments required under ‎Section 2.3(a) above, Borrowers shall make a monthly principal amortization payment on (i) the Initial Loan prior to the Swap Termination Date, based upon a 25-year amortization schedule in the amount shown on Part 1 of Schedule 2.3, and (ii) on the Restatement Date Loan, based upon a 30-year amortization schedule in the amount shown on Part 2 of Schedule 2.3 and (iii) the Initial Loan on and after the Swap Termination Date, based upon a 30-year amortization schedule in the amount shown on Part 3 of Schedule 2.3. If the first day of a month is not a Business Day, then the applicable payment due hereunder shall be made on the first Business Day immediately following the first day of such month.

Principal Amortization Payments. Following the expiration of the Interest-Only Period and commencing on September 1, 2010 and on the first (1st) day of each month thereafter until the Scheduled Maturity Date, the Borrowers shall make monthly principal payments in the amount of $24,206.63 in addition to the interest payments required under Section 2.2.(a) above.