Common Contracts
2 similar Installment Note contracts by Criimi Mae Inc
EXHIBIT 4(pp)Installment Note • February 22nd, 1996 • Criimi Mae Inc • Asset-backed securities • Maryland
This Note shall be paid in 15 consecutive annual installments equal to the Annual Cash Flow. "Annual Cash Flow" means, with respect to the 12-month period ended December 31 before the due date of an installment (or, in the case of the first installment, the period from the date of the Note to December 31, 1995), twenty-one percent (21%) of (1) the sum of (a) the Maker's net income from continuing operations (excluding extraordinary items) before taxes and interest, and (b) depreciation and amortization of assets, in each case computed in accordance with generally accepted accounting principles consistently applied, minus (2) taxes currently payable. The installment shall be due and payable annually 20 days after each December 31, commencing on January 20, 1996, and the final installment shall be due and payable on January 20, 2010 (the "Maturity Date").
EXHIBIT 4(oo)Installment Note • February 22nd, 1996 • Criimi Mae Inc • Asset-backed securities • Maryland
This Note shall be paid in 15 consecutive annual installments equal to the Annual Cash Flow. "Annual Cash Flow" means, with respect to the 12-month period ended December 31 before the due date of an installment (or, in the case of the first installment, the period from the date of the Note to December 31, 1995), seventy-nine percent (79%) of (1) the sum of (a) the Maker's net income from continuing operations (excluding extraordinary items) before taxes and interest, and (b) depreciation and amortization of assets, in each case computed in accordance with generally accepted accounting principles consistently applied, minus (2) taxes currently payable. The installment shall be due and payable annually 20 days after each December 31, commencing on January 20, 1996, and the final installment shall be due and payable on January 20, 2010 (the "Maturity Date").
