Common Contracts

2 similar Loan Agreement contracts by Ridgewood Electric Power Trust V, Ridgewood Power Growth Fund /Nj

Loan Agreement
Loan Agreement • June 13th, 2008 • Ridgewood Electric Power Trust V • Electric services • Cairo

In the event that the Borrower shall fail to make full payment of the amounts of principal and interest on the Loan when due as set forth in Section 3.3(b) above for two consecutive months, then the Lender may, by written notice to the Borrower, accelerate the Maturity Date of the Loan to the date of such written notice from Lender to Borrower. Upon any such acceleration by the Lender, the total outstanding amount of principal of the Loan shall become immediately due and payable, together with any amount of interest thereon accrued through the date of such notice of acceleration.

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Loan Agreement
Loan Agreement • June 13th, 2008 • Ridgewood Power Growth Fund /Nj • Electric & other services combined • Cairo

In the event that the Borrower shall fail to make full payment of the amounts of principal and interest on the Loan when due as set forth in Section 3.3(b) above for two consecutive months, then the Lender may, by written notice to the Borrower, accelerate the Maturity Date of the Loan to the date of such written notice from Lender to Borrower. Upon any such acceleration by the Lender, the total outstanding amount of principal of the Loan shall become immediately due and payable, together with any amount of interest thereon accrued through the date of such notice of acceleration.

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