Common use of Monthly Principal Payments Clause in Contracts

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").

Appears in 2 contracts

Samples: Securities Purchase Agreement (Bam Entertainment Inc), Bam Entertainment Inc

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Monthly Principal Payments. Amortizing Although Borrower shall make payments of accrued and unpaid interest under this Note beginning on December 1, 2005 , amortization of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall begin on February June 1, 2004 and shall recur on 2006 (the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Section 3.4 below2.1 below with respect to cash payments made on any Repayment Date, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $166,666.6743,759.64, 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 Amount”).

Appears in 1 contract

Samples: Electric City Corp

Monthly Principal Payments. Amortizing Although Borrower shall make payments of accrued and unpaid interest under this Note beginning on June 1st, 2004, amortization of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNTPrincipal Amount") shall begin on February 1August 1st, 2004 and shall recur on (the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "AMORTIZATION DATEAmortization Date"). Subject to Section 3.4 below2.1 below with respect to cash payments made on any Payment Date, 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, 30,303.03 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 AMOUNTMonthly Amount").

Appears in 1 contract

Samples: Ophthalmic Imaging Systems

Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNTPrincipal Amount") shall begin on February March 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "AMORTIZATION DATEAmortization Date"). Subject to Section 3.4 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 $166,666.67140,625, 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 AMOUNTMonthly Amount").

Appears in 1 contract

Samples: Inyx Inc

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Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNTPrincipal Amount") shall begin on February March 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "AMORTIZATION DATEAmortization Date"). Subject to Section 3.4 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 sum of $140,625, plus the new amended amount of $166,666.67, 16,667 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 AMOUNTMonthly Amount").

Appears in 1 contract

Samples: Inyx Inc

Monthly Principal Payments. Amortizing Although Borrower shall make payments of accrued and unpaid interest under this Note beginning on October 1, 2003, amortization of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“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"“Amortization Date”). Subject to Section 3.4 below2.1 below with respect to cash payments made on any Payment Date, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $166,666.6750,000, 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 Amount”).

Appears in 1 contract

Samples: Convertible Term Note (Electric City Corp)

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