Original Note Date definition
Examples of Original Note Date in a sentence
Interest accrued on the Loan from the Original Note Date to the first Payment Day to occur after the Original Note Date is due and payable on such first Payment Day.
Regular monthly payments (each, a “Monthly Payment”) will commence on the first Payment Day to occur after the Original Note Date, and will continue on each Payment Day thereafter through the Payment Day occurring on August 1, 2024 (the “Maturity Date”).
Regular monthly payments (each, a “Monthly Payment”) will commence on the second Payment Day to occur after the Original Note Date, and will continue on each Payment Day thereafter through the Payment Day occurring on March 3, 2025 (the “Maturity Date”).
Interest shall accrue from the Original Note Date on the unpaid principal amount at a rate equal to twelve percent (12%) per annum simple interest.
Anytime after 120 days from the Original Note Date, the Parent shall have the right to prepay this Note in full upon 30 days written notice to the Holder, provided that all of the Notes shall be prepaid on a pro rata basis.
During the period commencing on the Original Note Date and ending on March 31, 2021, only interest accrued on the loan shall be due and payable on each Payment Day.