Common use of Scheduled Principal Payments Clause in Contracts

Scheduled Principal Payments. The Borrower shall make payments of principal to Holder as follows: (i) on the first anniversary of this Note, the sum of $279,500, which represents 10% of original principal amount of this Note, (ii) on the second anniversary of this Note, the sum of $1,118,000, which represents 40% of original principal amount of this Note, and (iii) on May 18, 2010 (the “Maturity Date”), a final payment of the sum of the outstanding principal balance of this Note, including the amount of any PIK Interest, together with accrued and unpaid interest thereon, and all other obligations and indebtedness owing hereunder, if not sooner paid.

Scheduled Principal Payments. The Borrower shall make payments of principal to Holder as follows: (i) on the first anniversary of this Note, the sum of $279,5001,118,000, which represents 10% of original principal amount of this Note, (ii) on the second anniversary of this Note, the sum of $1,118,0004,472,000, which represents 40% of original principal amount of this Note, and (iii) on May 18, 2010 (the “Maturity Date”), a final payment of the sum of the outstanding principal balance of this Note, including the amount of any PIK Interest, together with accrued and unpaid interest thereon, and all other obligations and indebtedness owing hereunder, if not sooner paid.

Scheduled Principal Payments. The Borrower shall make payments of principal to Holder as follows: (i) on the first anniversary of this Note, the sum of $279,5001,239,747.54, which represents 10% of original principal amount of this Note, (ii) on the second anniversary of this Note, the sum of $1,118,0004,958,990.16, which represents 40% of original principal amount of this Note, and (iii) on May 18, 2010 the third anniversary of this Note (the “Maturity Date”), a final payment of the sum of the outstanding principal balance of this Note, including the amount of any PIK Interest, together with accrued and unpaid interest thereon, and all other obligations and indebtedness owing hereunder, if not sooner paid.

Scheduled Principal Payments. The Borrower shall make payments of principal to Holder as follows: (i) on the first anniversary of this Note, the sum of $279,500809,148.2, which represents 10% of original principal amount of this Note, (ii) on the second anniversary of this Note, the sum of $1,118,0003,236,592.82, which represents 40% of original principal amount of this Note, and (iii) on May 18, 2010 the third anniversary of this Note (the “Maturity Date”), a final payment of the sum of the outstanding principal balance of this Note, including the amount of any PIK Interest, together with accrued and unpaid interest thereon, and all other obligations and indebtedness owing hereunder, if not sooner paid.

Scheduled Principal Payments. The Borrower shall make payments of principal to Holder as follows: (i) on the first anniversary of this Note, the sum of $279,500451,104, which represents 10% of original principal amount of this Note, (ii) on the second anniversary of this Note, the sum of $1,118,0001,804,416.02, which represents 40% of original principal amount of this Note, and (iii) on May 18, 2010 the third anniversary of this Note (the “Maturity Date”), a final payment of the sum of the outstanding principal balance of this Note, including the amount of any PIK Interest, together with accrued and unpaid interest thereon, and all other obligations and indebtedness owing hereunder, if not sooner paid.