Common use of Principal Payments Clause in Contracts

Principal Payments. Amortizing payments of the Principal Amount shall be made by the Company on October 1, 2009 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Date, each such payment in the amount of $85,000 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 2 contracts

Samples: Pervasip Corp, Elec Communications Corp

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Principal Payments. Amortizing payments of the Principal Amount shall be made by the Company on October 1, 2009 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Date, each such payment in the amount of $85,000 15,000 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 2 contracts

Samples: Pervasip Corp, Elec Communications Corp

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "Principal Amount Amount") shall be made by the Company on October December 1, 2009 2005 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an "Amortization Date"). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Repayment Date, each such payment in the amount of $85,000 15,625 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the "Monthly Amount"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 2 contracts

Samples: On the Go Healthcare Inc, On the Go Healthcare Inc

Principal Payments. Amortizing payments of the Principal Amount shall be made by the Company on October March 1, 2009 2008 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Date, each such payment in the amount of $85,000 15,757.58 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: General Environmental Management, Inc

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount Amount”) shall be made by the Company on October November 1, 2009 2005 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Repayment Date, each such payment in the amount of $85,000 322,580.64 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Accentia Biopharmaceuticals Inc

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "Principal Amount Amount") shall be made by the Company on October 1July 7, 2009 2006 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an "Amortization Date"). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Date, each such payment in the amount of $85,000 50,000 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the "Monthly Amount"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Auxilio Inc

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount Amount”) shall be made by the Company on October 1, 2009 2005 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Repayment Date, each such payment in the amount of $85,000 161,290.32 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Accentia Biopharmaceuticals Inc

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount Amount”) shall be made in cash by the Company on October February 1, 2009 2008 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Date, each such payment in the amount of $85,000 285,714.28 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Incentra Solutions, Inc.

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount Amount”) shall be made by the Company on October January 1, 2009 2006 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Repayment Date, each such payment in the amount of $85,000 62,500 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Apogee Technology Inc

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "Principal Amount Amount") shall be made by the Company on October April 1, 2009 2008 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an "Amortization Date"). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Repayment Date, each such payment in the amount of $85,000 40,000 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the "Monthly Amount"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date."

Appears in 1 contract

Samples: Omnibus Amendment and Waiver (Tarpon Industries, Inc.)

Principal Payments. Amortizing payments of the Principal Amount shall be made by the Company on October 1February 28, 2009 2007 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Date, each such payment in the amount of $85,000 104,166.66 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Modtech Holdings Inc)

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Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount Amount”) shall be made by the Company on October August 1, 2009 2005 and on the first business day of each succeeding month thereafter through and including until the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Repayment Date, each such payment in the amount of $85,000 109,375.00 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: House of Brussels Chocolates Inc

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount Amount”) shall be made by the Company on October March 1, 2009 2006 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to prospective reductions in the event of conversions under Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Repayment Date, each such payment in the amount of $85,000 60,606.06 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Path 1 Network Technologies Inc

Principal Payments. Amortizing payments of the Principal Amount shall be made by the Company on October March 1, 2009 2008 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Date, each such payment in the amount of $85,000 14,545.45 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: General Environmental Management, Inc

Principal Payments. Amortizing payments of the Principal Amount aggregate principal ------------------ amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") shall be made by the Company on October July 1, 2009 2006 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article III below, commencing on the first Amortization DateDate through December 31, 2006, the Company shall make monthly payments to the Holder on each Amortization Repayment Date, each such payment in the amount of $85,000 250,000 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the "MONTHLY AMOUNT"). Beginning January 1, 2007, through December 31, 2007, the Monthly Amount”)Amount shall be $100,000. Beginning January 1, 2008, through the Maturity Date, the Monthly amount shall be $250,000. Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: New Century Energy Corp.

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount Amount”) shall be made by the Company on October 1, 2009 and commencing on the first business day of each succeeding consecutive calendar month thereafter hereafter through and including the Maturity Date Date, and on the Maturity Date, whether by acceleration or otherwise (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Date, each such payment in the amount of $85,000 9,263.13 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement Note (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement Note shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Vertical Health Solutions Inc

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount Amount”) shall be made by the Company on October April 1, 2009 2006 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Repayment Date, each such payment in the amount of $85,000 50,000 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Secured Term Note (Naturade Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount Amount”) shall be made by the Company on October 1November1, 2009 2005 and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Amortization Repayment Date, each such payment in the amount of $85,000 322,580.64 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the “Monthly Amount”). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Accentia Biopharmaceuticals Inc

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