Principal Repayment. In addition to the monthly payment of interest, the principal amount of each Equipment Advance made under the 2005 Equipment Line No. 2 is payable in thirty-six (36) consecutive equal monthly installments of principal beginning on the first Business Day of the month following such Equipment Advance and shall continue on the first Business Day of each month thereafter.
Appears in 2 contracts
Samples: Loan and Security Agreement (Constant Contact, Inc.), Loan and Security Agreement (Constant Contact, Inc.)
Principal Repayment. In addition to the monthly payment of interest, the principal amount of each Equipment Advance made under the 2005 Equipment Line No. 2 is payable in thirty-six (36) consecutive equal monthly installments of principal beginning on the first Business Day of the month following such Equipment Advance and shall continue on the first Business Day of each month thereafter.
Appears in 2 contracts
Samples: Loan and Security Agreement (Constant Contact, Inc.), Loan and Security Agreement (Constant Contact, Inc.)
Principal Repayment. In addition to the monthly payment of interest, the principal amount of each Equipment Advance Advances made under the 2005 2004 Equipment Line No. 2 is payable in thirty-six (36) consecutive equal monthly installments of principal beginning on the first Business Day day of the month following such Equipment Advance and shall continue on the first Business Day day of each month thereafter.
Appears in 2 contracts
Samples: Loan and Security Agreement (Constant Contact, Inc.), Loan and Security Agreement (Constant Contact, Inc.)
Principal Repayment. In addition to the monthly payment payments of interest, as set forth in Section 2.2(a)(ii) below, the principal amount of each 2007 Equipment Advance made under the 2005 Equipment Line No. 2 is payable in thirty-six (36) consecutive equal monthly installments (with the exception of the Initial 2007 Equipment Advance which is payable in thirty (30) consecutive equal monthly installments) of principal beginning on the first Business Day of the month following such 2007 Equipment Advance and shall continue on the first Business Day of each month thereafter.
Appears in 2 contracts
Samples: Loan and Security Agreement (Constant Contact, Inc.), Loan and Security Agreement (Constant Contact, Inc.)