Additional Principal Amounts Sample Clauses

Additional Principal Amounts. From and after the Effective Date, (a) if Borrower fails to make payment of any Retainer Payment when due, in addition to all other rights of Lender hereunder and under applicable Law, the amount of each such unpaid Retainer Payment shall automatically be added to the principal amount of the Loan hereof and (b) if Borrower has not paid the Loan and all then-outstanding Additional Principal Amounts in whole as of the Resolution Funding Date, an amount equal to (x) ten percent (10%) of the sum of (i) the then-outstanding principal amount of the Note, including the Loan and all then-outstanding Additional Principal Amounts and (ii) all accrued interest thereon plus (y) Lender’s five percent (5%) portion of the total aggregate Resolution Funding Payment shall automatically be added to the principal balance hereof. For the avoidance of doubt, as an example and to provide clarity with respect to this sub-clause (y), if Borrower receives $100,000,000 in Resolution Funding Payment, the principal balance of this Note shall automatically and without any further action on the part of any party be increased by $5,000,000 (i.e., Lender’s 5% portion of the total aggregate Resolution Funding Payment). Each amount added to the principal of the Note pursuant to this Section 2.2 shall be referred to as an “Additional Principal Amount.”