Common use of Term Loan Principal Payments Clause in Contracts

Term Loan Principal Payments. The outstanding principal balance of the Term Loan with respect to the Term Note dated September 4, 2009, shall be repaid in equal monthly principal installments of Fifty Thousand Dollars and No/100 Dollars ($50,000.00), and the outstanding principal balance of the Term Loan with respect to the Term Note (Converted Loan) dated April 7, 2011, shall be repaid in equal monthly principal installments of Twelve Thousand and Five and 48/100 Dollars ($12,005.48), together with an additional amount representing accrued interest as set forth above, on the last day of each month, with a final payment of all outstanding principal and accrued interest due on the Term Loan Maturity Date. Principal amounts repaid on the Term Note may not be borrowed again.

Term Loan Principal Payments. The outstanding principal balance of the Term Loan with respect to the Term Note dated September 4, 2009, shall be repaid in equal monthly principal installments each in the amount of Fifty Eighty-Three Thousand Dollars Three Hundred Thirty-Three and No/100 33/100 Dollars ($50,000.00), and the outstanding principal balance of the Term Loan with respect to the Term Note (Converted Loan) dated April 7, 2011, shall be repaid in equal monthly principal installments of Twelve Thousand and Five and 48/100 Dollars ($12,005.4883,333.33), together with an additional amount representing accrued and unpaid interest on the principal amount of the Term Loan outstanding as set forth above, beginning on September 1, 2011, and continuing on the last first day of each monthmonth thereafter, with a final payment of all outstanding principal and accrued interest due on the Term Loan Maturity Date. Principal amounts repaid on the Term Note may not be borrowed again.

Term Loan Principal Payments. The outstanding principal balance of the Term Loan with respect to the Term Note dated September 4, 2009, shall be repaid in as follows (i) equal monthly principal installments each in the amount of Fifty One Hundred Ninety-Eight Thousand Dollars One Hundred Ninety-Four and No/100 44/100 Dollars ($50,000.00), and the outstanding principal balance of the Term Loan with respect to the Term Note (Converted Loan) dated April 7, 2011, shall be repaid in equal monthly principal installments of Twelve Thousand and Five and 48/100 Dollars ($12,005.48198,194.44), together with an additional amount representing accrued and unpaid interest on the principal amount of the Term Loan outstanding as set forth above, beginning on January 1, 2013 and continuing on the last first day of each monthmonth thereafter, with a final payment of all outstanding principal and accrued interest due on the Term Loan Maturity Date. Principal amounts repaid on the Term Note may not be borrowed again.

Term Loan Principal Payments. The outstanding principal balance of the Term Loan with respect to the Term Note dated September 4, 2009, shall be repaid in seventeen (17) equal monthly principal installments each in the amount of Fifty One Hundred Ninety-Four Thousand Dollars Four Hundred Forty-Four and No/100 00/100 Dollars ($50,000.00), and the outstanding principal balance of the Term Loan with respect to the Term Note (Converted Loan) dated April 7, 2011, shall be repaid in equal monthly principal installments of Twelve Thousand and Five and 48/100 Dollars ($12,005.48194,444.44), together with an additional amount representing accrued and unpaid interest on the principal amount of the Term Loan outstanding as set forth in Section 2.2(b), above, beginning on October 29, 2004 and continuing on the last day Business Day of each monthmonth thereafter through February 28, 2006, with a final payment of all outstanding principal and accrued interest due on the Term Loan Maturity Date. Principal amounts repaid on the Term Note may not be borrowed again.