Common use of Principal Payment Clause in Contracts

Principal Payment. The Company promises to pay principal outstanding under this Term Note B-2 as follows: (a) an amount equal to $41,666.67 shall be due and payable on July 1, 2002; (b) on July 2, 2002, an amount to be paid each calendar quarter during the remaining term of this Term Note B-2 shall be set based upon a seven year amortizing schedule for the principal outstanding hereunder as of July 2, 2002, and such quarterly payment shall be due and payable on October 1, 2002 and on each January 1, April 1, July 1 and October 1 thereafter during the Term; and (c) on March 31, 2005, all outstanding Obligations under this Term Note B-2 shall be due and payable in full.

Principal Payment. The Company promises to pay principal outstanding under this Term Note B-2 A-1 as follows: (a) an amount equal to $41,666.67 50,000.00 shall be due and payable on July 1, 2002; (b) on July 2, 2002, an amount to be paid each calendar quarter during the remaining term of this Term Note B-2 A-1 shall be set based upon a seven year amortizing schedule for the principal outstanding hereunder as of July 2, 2002, and such quarterly payment shall be due and payable on October 1, 2002 and on each January 1, April 1, July 1 and October 1 thereafter during the Term; and (c) on March 31, 2005, all outstanding Obligations under this Term Note B-2 A-1 shall be due and payable in full.

Principal Payment. The Company promises to pay principal outstanding under this Term Note B-2 A-2 as follows: (a) an amount equal to $41,666.67 33,333.34 shall be due and payable on July 1, 2002; (b) on July 2, 2002, an amount to be paid each calendar quarter during the remaining term of this Term Note B-2 A-2 shall be set based upon a seven year amortizing schedule for the principal outstanding hereunder as of July 2, 2002, and such quarterly payment shall be due and payable on October 1, 2002 and on each January 1, April 1, July 1 and October 1 thereafter during the Term; and (c) on March 31, 2005, all outstanding Obligations under this Term Note B-2 A-2 shall be due and payable in full.

Principal Payment. The Company promises to pay principal outstanding under this Term Note B-2 B-1 as follows: (a) an amount equal to $41,666.67 shall be due and payable on July 1, 2002; (b) on July 2, 2002, an amount to be paid each calendar quarter during the remaining term of this Term Note B-2 B-1 shall be set based upon a seven year amortizing schedule for the principal outstanding hereunder as of July 2, 2002, and such quarterly payment shall be due and payable on October 1, 2002 and on each January 1, April 1, July 1 and October 1 thereafter during the Term; and (c) on March 31, 2005, all outstanding Obligations under this Term Note B-2 B-1 shall be due and payable in full.

Principal Payment. The Company promises to pay principal outstanding under this Term Note B-2 C as follows: (a) an amount equal to $41,666.67 83,333.33 shall be due and payable on July 1, 2002; (b) on July 2, 2002, an amount to be paid each calendar quarter during the remaining term of this Term Note B-2 C shall be set based upon a seven year amortizing schedule for the principal outstanding hereunder as of July 2, 2002, and such quarterly payment shall be due and payable on October 1, 2002 and on each January 1, April 1, July 1 and October 1 thereafter during the Term; and (c) on March 31, 2005, all outstanding Obligations under this Term Note B-2 C shall be due and payable in full.