Reduction of Principal. The principal amount of this Demand Note may be modified from time to time, only in accordance with the provisions of the Series 2013-A Supplement.
Reduction of Principal. The principal amount of this Demand Note may be reduced, only in accordance with the provisions of the Series 2009-1 Supplement.
Reduction of Principal. Notwithstanding anything to the contrary contained herein, the Outstanding Amount shall be reduced in connection with and in an amount equal to any Voluntary Prepayment or Mandatory Prepayment of the Loan.
Reduction of Principal. The Principal due hereunder shall automatically be reduced by the amount of Principal that has previously been converted pursuant to Section 2(a) hereof. For purposes of the calculation of interest payable on this Note, such reduction of Principal shall be deemed to have occurred as of the date of such conversion.
Reduction of Principal. The Loan will be reduced, and a new repayment schedule shall be provided to the Borrower as provided in Section 4.01, if less than the full amount of the Loan is disbursed to the Borrower.
Reduction of Principal. The principal amount of this Demand Note may be reduced only in accordance with the provisions of the Series 2007-2 Supplement. Acknowledgment. ABRCF hereby acknowledges receipt of [cash/capital contribution] on the date of the issuance of this Demand Note in the principal amount of $[_____].
Reduction of Principal. The principal amount of this Demand Note may be reduced only in accordance with the provisions of the Series 2008-1 Supplement. Governing Law. THIS DEMAND NOTE HAS BEEN DELIVERED IN NEW YORK, NEW YORK AND SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK.
Reduction of Principal. Subject to the conditions set forth herein, the balance due under the Note shall automatically be reduced by twenty percent (20%) of the original principal amount of the Loan on the day before the sixth anniversary date and continue to be automatically reduced by twenty percent (20%) of the original amount of the Loan on the day before each succeeding anniversary date of the Note such that on the Maturity Date the outstanding principal balance due will be $0.00.
Reduction of Principal. The principal amount of said Note is hereby amended to $100,000.
Reduction of Principal. On the date hereof, a portion of the principal balance under certain of the Notes issued pursuant to the 2008 Facility Agreement (which does not include the principal amount added to the Old Notes pursuant to the definition of Interest Rate contained in the 2008 Facility Agreement (the “Additional Principal”)) and the 2009 Facility Agreement have been prepaid in the aggregate amount of $30 million in the manner set forth in the Direction and Acknowledgment attached hereto as Exhibit A.
