Common use of Terms of Repayment Clause in Contracts

Terms of Repayment. (Balloon Payment): Simple interest at the rate of eight percent (8%) per annum will accrue on the outstanding Principal Amount commencing on the date of this Note until called by Lxxxxx, and the Borrower shall make quarterly payments of interest only, as set forth in Attachment 1 hereto. The entire unpaid Principal Amount and any accrued interest thereon shall become immediately due and payable ___________________________.

Appears in 2 contracts

Samples: Promissory Note (Emmaus Life Sciences, Inc.), Promissory Note (Emmaus Life Sciences, Inc.)

AutoNDA by SimpleDocs

Terms of Repayment. (Balloon Payment): Simple interest at the rate of eight two percent (82%) per annum will accrue on the outstanding Principal Amount commencing on the date of this Note until called by Lxxxxx, and the Borrower shall make quarterly payments of interest only, as set forth in Attachment 1 hereto. The entire unpaid Principal Amount principal and any accrued interest thereon shall become immediately due and payable ___________________________upon the 2 year anniversary of the Loan Date.

Appears in 1 contract

Samples: Promissory Note (Emmaus Life Sciences, Inc.)

Terms of Repayment. (Balloon Payment): Simple interest at the rate of eight percent (8%) per annum will accrue on the outstanding Principal Amount commencing on the date of this Note until called by Lxxxxx, and the Borrower shall make quarterly payments of interest only, as set forth in Attachment 1 hereto. The entire unpaid Principal Amount principal and any accrued interest thereon shall become immediately due and payable ___________________________upon Xxxxxx’s request.

Appears in 1 contract

Samples: Promissory Note (Emmaus Life Sciences, Inc.)

AutoNDA by SimpleDocs

Terms of Repayment. (Balloon Payment): Simple interest at the rate of eight percent (8%) per annum will accrue on the outstanding Principal Amount commencing on the date of this Note until called by Lxxxxx, and the Borrower shall make quarterly payments of interest only, as set forth in Attachment 1 hereto. The entire unpaid Principal Amount and any accrued interest thereon shall become immediately due and payable ___________________________upon Lxxxxx’s request.

Appears in 1 contract

Samples: Promissory Note (Emmaus Life Sciences, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!