Principal and Interest Payment. Interest on this Note shall be payable by SNH in arrears in equal installments of ninety days' Interest on the last days of March, June, September and December each year. The principal of this Note shall be paid by SNH in its entirety, together with any interest accrued and unpaid thereon, on the Maturity Date.
Principal and Interest Payment. During the term of this Note, Maker ------------------------------ shall pay interest only on the principal on the last day of every month, commencing on the last day of the month following the Closing (each, an "Interest Payment Date"). Principal shall be due and payable in full on January 2, 1998 by a wire transfer(s) of immediately available funds in accordance with the written directions of the Payee. If for any reason, Safeguard is unable to deliver the full amount due under this Note in cash, it may substitute shares of Safeguard common stock having a cash value equal to the shortfall based on the closing trading price of such stock on such date.
Principal and Interest Payment. Within five (5) calendar days of the maturity date set forth in section 2.2 above, maker shall pay an amount equal to the entire unpaid principal of and all accrued and unpaid interest on this promissory note.
Principal and Interest Payment. Borrower shall default in the due and ------------------------------ punctual payment of the principal of or the interest on the Loan(s) or any renewal thereof and such default shall not be cured within ten (10) days after the occurrence thereof; or
Principal and Interest Payment. Article 11 Party B shall transfer the principal and interest receivable on the bonds held by Party A to the fund account of Party A’s agent on the bond interest payment date or the bond expiry date, provided that the bond issuer has fully paid the relevant fees to Party B on time, and the agent shall then timely transfer the same to Party A’s fund account. If the bond interest payment date or the bond expiry date falls on a public holiday, Party B may delay the transfer time accordingly.
Principal and Interest Payment. Borrower shall pay to Lender two (2) installment payments of principal and interest on this Note in the amounts as follows: March 31, 2002: $243,853 Two hundred forty-three thousand eight hundred fifty-three Dollars September 30, 2002 $236,411 Two hundred thirty-six thousand four hundred eleven Dollars Unless sooner paid in full, the entire unpaid principal balance of this Note, together with all outstanding and unpaid accrued interest on this Note, shall be due and payable on September 30, 2002 (the “Loan Maturity Date”). Borrower acknowledges that Lender has no obligation to extend the Loan Maturity Date and that Lender has no obligation to refinance the loan evidenced by this Note.
Principal and Interest Payment. Borrower shall default in the due and punctual payment of the principal of, or interest on the Note not paid within ten (10) days of the date due; or
Principal and Interest Payment. The principal and interest payment to service the financing portion of the Project will be a fixed payment calculated to amortize the amount financed over ten years of equal monthly payments and such payments will be due to Spectrum irrespective of any future variation in the amount of monthly energy savings calculated to be available to the customer. As may be necessary for Spectrum to protect its financing interest in the Project, Spectrum shall have the right to record the Customer Contract and the Loan Agreement or, in lieu thereof, a notice of such contract or other document adequate to secure Spectrum's interest in the financing.
Principal and Interest Payment. Payment of the (i) Principal Amount on the date Lender demands payment and (ii) Interest on each Interest Payment Date shall be made by certified or bank cashier's check payable to the Lender (or in any other manner as mutually agreed to by the Lender and Borrower) at the Lender's principal address set forth in Section 5 hereof (or at such other place as the Lender shall notify the Borrower in writing), in lawful money of the United States of America, PROVIDED THAT, at the election of the Lender, by written notice to the Borrower given not less than five business days prior to the Interest Payment Date, the amount of Interest due on any Interest Payment Date may be paid in shares of common stock, par value $0.01 per share ("Common Stock"), of the Borrower, in the manner set forth in Section 2(a) hereof.
Principal and Interest Payment. Interest on this Note from and after March 1, 2000 shall be due and payable on the first day of each calendar quarter, commencing on April 1, 2000 and continuing on the first day of each calendar quarter thereafter until all interest on this Note has been paid in full. The principal of this Note shall be due and payable on the earlier of: (i) March 31, 2001; (ii) thirty (30) days following the closing of an initial public offering (an "IPO") by Maker of its common stock, par value $0.01 per share (the "Common Stock"); or (iii) thirty (30) days following the closing by Maker of a private offering of equity securities of Maker with aggregate subscriptions of at least $10 million. Maker agrees that any payments of interest and/or principal on the Bridge Notes (including this Note) shall be made pari passu with all Bridge Notes based on the principal balance and the accrued interest on all Bridge Notes at the time of such payment.
