INTEREST and PRINCIPAL definition
INTEREST and PRINCIPAL on this note shall be due and payable in full on the Maturity Date. PAYMENT of this note before the Maturity Date may be made at any time or from time to time, in whole or in part, without penalty or premium. Any such payment shall be applied first to accrued interest and second to principal. THE UNPAID PRINCIPAL BALANCE of this note at any time shall be the total amounts lent or advanced hereunder by the Lender, less the amount of payments or prepayments of principal made hereon by or for the account of Maker. It is contemplated that by reason of prepayments hereon there may be times when no indebtedness is owing hereunder; but notwithstanding such occurrences, this note shall remain valid and shall be in full force and effect as to loans or advances made pursuant to and under the terms of this note subsequent to each occurrence. All loans or advances and all payments or prepayments made hereunder on account of principal or interest may be endorsed by the holder hereof on the Schedule attached hereto and made a part hereof for all purposes. Additional Schedule pages may be attached hereto from time to time by the holder hereof if more space is necessary. ADVANCES hereunder may be made by the holder hereof (i) pursuant to the terms of any written agreement executed in connection herewith between Maker and Lender, or (ii) at the oral or written request of any officer or agent of Maker, who shall be deemed by virtue of making such request to be acting under the authority of the Board of Directors of Maker for purposes of such