Modification of the Note. The Note and, where applicable, the other Loan Documents are hereby modified as follows:
Modification of the Note. The Note is modified as follows:
Modification of the Note. 1.1 Section 4.1 of the Note is hereby deleted and the following section is substituted therefor:
Modification of the Note. Effective on the Effective Date, the Company shall modify the Note as follows and shall reissue an amended and restated note (the “Amended and Restated Note”) to Purchaser reflecting the following modifications (capitalized terms not defined in this Agreement shall have the meanings set forth in the Note):
Modification of the Note. The Maturity Date (as defined in Section 5.(a) of the Note) shall be accelerated; accordingly the stated Maturity Date in the Note of December 31, 2013 is hereby amended to so that the Maturity Date for the Note shall be June 30, 2013.
Modification of the Note. (i) Upon satisfaction of the conditions precedent set forth in Section 3 above before the close of business on August 15, 1997, the Note shall be deemed automatically modified to provide that the regularly scheduled monthly payments which would otherwise be due and payable during the period from April 1, 1996 through and including January 1, 1999 (the "Deferred Payments"), shall be deferred until February 1, 1999. Interest shall continue to accrue on the Existing Indebtedness during the period from March 1, 1996 through December 31, 1998 (the "Deferral Period"). On February 1, 1999, Borrower shall resume making the regularly scheduled monthly payments of principal and interest due under the Note, together with additional payments of principal and interest in an amount sufficient to amortize the total amount of (x) the Deferred Payments, and (y) accrued interest on that portion of the Existing Indebtedness that would have been amortized by the Deferred Payments, commencing on the date when due under the terms of the Original Loan Documents, at the rate set forth in the Note, over a period of 42 consecutive months commencing on February 1, 1999 and ending on July 1, 2002 (the "Additional Payments"). Interest on the Existing Indebtedness will continue to accrue during the Deferral Period, as required under the terms of the Note.
Modification of the Note. 1. Section 4 of the Note is hereby modified by extending the Maturity Date from February 21, 2013, to May 22, 2013 (the “Extended Maturity Date”). On the Extended Maturity Date, the entire indebtedness evidenced by the Note shall be due and payable in full, subject to further extension as set forth below.
Modification of the Note. (i) PAYMENT SCHEDULE. Upon satisfaction of the conditions precedent set forth in Section 3 above and Section 5 below before the close of business on the Closing Date, the Note shall be deemed automatically modified to provide that the monthly payments shall be hereafter paid in accordance with this Section 4. The term of the Note shall be six years and shall commence on the date of the first payment described below. After the Closing Date, Borrower shall commence making monthly payments of principal and interest due under the Note, each such payment due on the first day of each month, in accordance with the loan amortization table attached hereto as Exhibit A.
Modification of the Note. As of March 17, 1999, the principal balance of the Note is $606,988.43, plus accrued interest as of March 17, 1999 in the amount of $2,665.76, with interest accruing from March 17, 1999 at the rate of $166.30 per day. Borrower shall pay or has paid the March 1, 1999 payment. The remaining principal balance of $606,988.43 shall continue to accrue interest at the rate of nine and one-half per cent (9.50%) per annum, which amount shall be payable in twenty-six (26) monthly installments of principal plus accrued interest beginning on April 17, 1999, the first twenty-five (25) of which shall be in the amount of $9,920.61 each, with the outstanding principal balance plus accrued interest becoming due with the twenty-sixth (26th) and final installment on May 17, 2001. In addition to the monthly installment of principal and interest, Borrower shall pay a monthly amount of $2,035.45, which is one-twelfth (1/12) of the annual real property taxes dues on the Real Property.
Modification of the Note. Borrower, Guarantor and Lender hereby acknowledge and agree that the Note shall be, and is hereby, modified to provide that:
