Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on February 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "AMORTIZATION DATE"). Subject to Section 3.4 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $166,666.67, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note but have not been paid (collectively, the "MONTHLY AMOUNT").
Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on November 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Section 2.1 and Section 3.4(a) below, beginning on the first Amortization Date, the Borrower shall make monthly payments of principal to the Holder on each Repayment Date as set forth in the table below in, each case together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note but which have not been paid (collectively, the “Monthly Amount”). Date Principal Amount Date Principal Amount 11/1/04 $10,000 4/1/06 $30,000 12/1/04 $10,000 5/1/06 $30,000 1/1/05 $10,000 6/1/06 $30,000 2/1/05 $10,000 7/1/06 $30,000 3/1/05 $10,000 8/1/06 $30,000 4/1/05 $10,000 9/1/06 $50,000 5/1/05 $10,000 10/1/06 $50,000 6/1/05 $10,000 11/1/06 $50,000 7/1/05 $10,000 12/1/06 $50,000 8/1/05 $10,000 1/1/07 $50,000 9/1/05 $30,000 2/1/07 $50,000 10/1/05 $30,000 3/1/07 $50,000 11/1/05 $30,000 4/1/07 $50,000 12/1/05 $30,000 5/1/07 $50,000 1/1/06 $30,000 6/1/07 $50,000 2/1/06 $30,000 7/1/07 $40,000 3/1/06 $30,000
Monthly Principal Payments. In addition to the payments of interest and other amounts payable under the Loan Agreement, the Borrower shall pay to the Bank, on the fifteenth (15th) day of each and every calendar month commencing on August 15, 2016, an amount equal to the aggregate amount of all principal payments received by the Borrower from Underlying Borrowers pursuant to Underlying Loans during the preceding calendar month (collectively, “Underlying Principal Payments”); provided, however, that in no event shall the aggregate amount of all such principal payments from the Borrower to the Bank during any consecutive 3-month period be less than $150,000 (it being understood and agreed that if the Underlying Principal Payments received by the Borrower are insufficient to satisfy such $150,000 minimum payment requirement during any consecutive 3-month period, the Borrower shall be obligated to utilize its own funds to cover any such shortfall in order to make such minimum $150,000 payment to the Bank).
Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on July 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter (each, an "AMORTIZATION DATE") until the Maturity Date. The Borrower shall make monthly payments to the Holder as follows: beginning on the first Amortization Date and ending on the Amortization Date of January 1, 2005, the Borrower shall pay to the Holder $78,000 per month on each Repayment Date; beginning on the Amortization Date of February 1, 2005 and ending on the Amortization Date of July 1, 2005, the Borrower shall pay to the Holder $120,000 per month on each Repayment Date; and beginning on the Amortization Date of August 1, 2005 and ending on the Maturity Date, the Borrower shall pay to the Holder one eighteenth (1/18th) of the remaining principal balance due under this Note in equal monthly installments on each Repayment Date; each of the aforementioned monthly payments shall be made together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note but have not been paid (collectively, the "MONTHLY AMOUNT").
Monthly Principal Payments. Borrower shall make twelve monthly principal payments in an amount equal to one-twelfth of the Professional Fee Amount. These monthly payments shall be made on the first day of the first calendar month following the Effective Date and on the first day of each of the subsequent eleven calendar months thereafter.
Monthly Principal Payments. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Group II Administration Agreement and in accordance with this Section 4.5 as to (i) the amount allocated to the Series 2010-1 Notes during the Related Month pursuant to Section 4.2(a)(ii) on or prior to such Determination Date less the sum of (x) the amount thereof constituting the Series 2010-1 CPF Principal Allocation Amount for such Determination Date and payable to CPF pursuant to Section 4.2(b) on the related Distribution Date and (y) the amount thereof withdrawn from the Series 2010-1 Principal Subaccount and deposited into the Series 2010-1 Reserve Account pursuant to Section 4.2(b) on or prior to such Determination Date (the “Monthly Principal Payment Amount”), (ii) any amounts to be withdrawn from the Series 2010-1 Reserve Account and deposited into the Series 2010-1 Distribution Account or (iii) any amounts to be drawn on the Series 2010-1 Demand Notes and/or on the Series 2010-1 Letters of Credit (or withdrawn from the Series 2010-1 Cash Collateral Account). On the Distribution Date following each such Determination Date, the Trustee shall withdraw the Monthly Principal Payment Amount from the Series 2010-1 Principal Subaccount and deposit such amount in the Series 2010-1 Distribution Account, to be paid to the holders of the Series 2010-1 Notes.
Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on April 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Section 2.1 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of (a) from April 1, 2004 to December 1, 2004, $15,000 per month; (b) and thereafter, the greater of (X) $16,666 per month; (Y) on each subsequent Amortization Date an amount that would be required to make the aggregate amount outstanding under the Note equal eleven and one half percent (11.5%) of the Borrowing Base (the “Laurus Funding Obligation”) and (Z) an amount required to make the aggregate amount outstanding under this Note and the Foothill Note be less than 35% of the value (as determined by the Company in good faith and reported to Foothill), of the collateral for the “Eligible Notes Receivable” (as such term is defined in the Foothill Agreement, such amounts, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note but have not been paid (collectively, the “Monthly Amount”).
Monthly Principal Payments. If the Loan is not repaid in full prior to the Second Maturity Date, commencing on the first Payment Date occurring after the Second Maturity Date and on each Payment Date thereafter up to the Final Maturity Date, Borrower shall pay to Agent on behalf of the Lenders, in addition to the interest payment required in Section 5.1 above, a payment of principal in the amount of the Monthly Principal Payment.
Monthly Principal Payments. Amortizing payments of the aggregate outstanding Loan Amount at any time (the “Principal Amount”) shall begin on July 1, 2007 and shall recur on the first Business Day (as defined below) of each succeeding month thereafter until the Final Repayment Date, all as set forth in the table below: Date Principal Amount Date Principal Amount 1-Jul-07 $ 55,556 1-Apr-08 $ 55,555 1-Aug-07 $ 55,556 1-May-08 $ 55,555 1-Sep-07 $ 55,556 1-Jun-08 $ 55,555 1-Oct-07 $ 55,556 1-Jul-08 $ 55,555 1-Nov-07 $ 55,556 1-Aug-08 $ 55,555 1-Dec-07 $ 55,556 1-Sep-08 $ 55,555 1-Jan-08 $ 55,556 1-Oct-08 $ 55,555 1-Feb-08 $ 55,556 1-Nov-08 $ 55,555 1-Mar-08 $ 55,556 1-Dec-08 $ 55,556 All payments by Borrower to Lender made under this Agreement shall be subject to withholding tax as prescribed under Israeli law, unless Lender shall provide Borrower, prior to any payment hereunder, with the authorization of the Israeli income tax commission to act otherwise. In the event that any payment on account of the Loan is subject to Israeli VAT, such VAT shall be paid by the Borrower against receipt of a valid VAT invoice.
Monthly Principal Payments. (a) Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on April 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the earlier of the Maturity Date and such time as the Principal Amount is paid in full (each, an "AMORTIZATION DATE"). Monthly payments of amortized principal shall be made as provided herein (such monthly payments, the "MONTHLY AMOUNTS").
