Common use of Repayment of Principal Clause in Contracts

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 35 monthly installments of $111,112.00 per installment, commencing on December 31, 1998 and continuing on the last day of each month thereafter. On November 30, 2001 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 35 monthly 9 annual installments of $111,112.00 100,000.00 per installment, commencing on December 31July 5, 1998 1996 and continuing on the last day of each month July 5th thereafter. On November 30July 5, 2001 2005 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance of all Advances then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 35 60 monthly installments of $111,112.00 S6,667.00 per installment, commencing on December October 31, 1998 1997 and continuing on the last day of each month thereafter. On November September 30, 2001 2002 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 35 59 monthly installments of $111,112.00 8,333.33 per installment, commencing on December January 31, 1998 1997 and continuing on the last day of each month thereafter. On November 30December 31, 2001 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 35 11 monthly installments of $111,112.00 22,758.33 per installment, commencing on December 31September 1, 1998 1996 and continuing on the last first day of each month thereafter. On November 30August 1, 2001 1997 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 35 monthly 4 annual installments of $111,112.00 145,000.00 per installment, commencing on December 31, 1998 1994 and continuing on the last day of each month December 31st thereafter. On November 30December 31, 2001 1998 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 35 monthly 9 annual installments of $111,112.00 75,000.00 per installment, commencing on December 31July 5, 1998 1996 and continuing on the last day of each month July 5th thereafter. On November 30July 5, 2001 2005 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.