Payment/Maturity Date Clause Samples

Payment/Maturity Date. The entire principal amount hereunder, including any accrued and unpaid interest thereon shall be due and payable in full on December 31, 2027 (the “Maturity Date”), or such earlier date as this Note is required or permitted to be repaid as provided hereunder. All payments due hereunder (to the extent not converted into Conversion Shares (as defined below) in accordance with the terms hereof) shall be made in lawful money of the United States of America in accordance with such instructions as the Holder shall provide to the Company by written notice made in accordance with the provisions of this Note.

Payment/Maturity Date. The entire principal amount hereunder, including any accrued and unpaid interest thereon shall be due and payable in full on July 21, 2025 (the “Maturity Date”), or such earlier date as this Note is required or permitted to be repaid as provided hereunder (the Company’s “Repayment Obligation”); provided, notwithstanding the foregoing, that the Company shall be entitled to satisfy its Repayment Obligation on the Maturity Date by any one of the following three methods: (i) paying the Holder the full amount of outstanding principal amount of this Note, together with any accrued and unpaid interest thereon, in cash on the Maturity Date; (ii) paying the Holder $2,000,000 in cash and issuing the Holder a SAFE in the principal amount of $2,000,000 in the form annexed as Exhibit D to the Settlement Agreement (as defined in Section 22 below) on the Maturity Date; or (iii) issuing the Holder a Convertible Note in the principal amount of $4,500,000 in the form annexed as Exhibit E to the Settlement Agreement on the Maturity Date (the delivery by the Company of all items described in either one of the foregoing clauses (ii) or (iii), respectively, shall be referred to herein as an “Alternative Payment Method”). All payments due hereunder (to the extent not converted into Conversion Shares (as defined below) in accordance with the terms hereof) shall be made in lawful money of the United States of America in accordance with such instructions as the Holder shall provide to the Company by written notice made in accordance with the provisions of this Note.

Payment/Maturity Date. Borrower shall make principal payments (plus all accrued but then unpaid interest on the Loan), on the dates and in the amounts indicated below: 6/30/2001 $500,000 1/1/2002 $375,000 6/30/2002 $625,000 1/1/2003 $100,000 Unless accelerated pursuant to the terms of this Note, the unpaid principal balance of this Note, together with all unpaid interest accrued thereon, and all other amounts payable by Borrower under the terms of this Note shall be due and payable on January 1, 2003 (the "Maturity Date").

Payment/Maturity Date. Interest on the Note shall be paid semi-annually, on the last day of June and December in each year, beginning June 30, 2017, and continuing until the Note is finally paid. The total outstanding principal balance hereof, together with accrued and unpaid interest, shall be paid on December 31, 2018. Interest must be paid in cash.

Payment/Maturity Date. 1.1. The Payor is a party to a certain financing transaction with Cornell Capital Partners, LP pursuant to the Securities Purchase Agreement dated November 19, 2004 between the Payor and Cornell Capital Partners, LP (the "Cornell Agreement"). The entire unpaid principal amount of this Note, plus interest on the unpaid principal balance of the Note in a fixed amount of $10,000 (regardless of when the Maturity Date occurs), shall be paid by the Payor to the Payee upon occurrence the "Second Closing" of the Cornell financing (as defined in the Cornell Agreement) (the "Maturity Date"). 1.2. In no event shall the Payee be entitled to receive interest, however characterized and including other consideration received in connection with this Note, at an effective rate in excess of the maximum rate permitted by law. In the event that a court of competent jurisdiction shall determine that such amounts paid or agreed to be paid by the Payor in connection with this Note causes the effective interest rate on this Note to exceed the maximum rate permitted by law, such interest or other consideration shall automatically be reduced to a rate which results in an effective interest rate under this Note equal to the maximum rate permitted by law over the term hereof, and, in such event, the Payee shall, at the Payee's sole and absolute discretion, either apply to the reduction of the unpaid principal balance of this Note any amounts received by it deemed to constitute excessive interest or refund such excess to Payor.

Payment/Maturity Date. Borrower shall make principal payments (plus all accrued but then unpaid interest on the Loan), on the dates and in the amounts indicated below: [***] $[***] [***] $[***] [***] $[***] [***] $[***] Unless accelerated pursuant to the terms of this Note, the unpaid principal balance of this Note, together with all unpaid interest accrued thereon, and all other amounts payable by Borrower under the terms of this Note shall be due and payable on the third anniversary date of this Note (the "Maturity Date").

Payment/Maturity Date. The total outstanding principal balance hereof, together with all accrued and unpaid interest, shall be paid on _________.

Payment/Maturity Date. Borrower shall make principal payments (plus all accrued but then unpaid interest on the Loan), on the dates and in the amounts indicated below: [***] $[***] [***] $[***] [***] $[***] [***] $[***] Unless accelerated pursuant to the terms of this Note, the unpaid principal balance of this Note, together with all unpaid interest accrued thereon, and all other amounts payable by Borrower under the terms of this Note shall be due and payable on [***] (the "Maturity Date").

Payment/Maturity Date. The principal balance hereof and accrued and unpaid interest shall be due and payable in full on or before July 31, 2013.