Common use of Payment/Maturity Date Clause in Contracts

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. 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 $100,000 150,000 6/30/2003 $250,000 1/1/2004 $250,000 6/30/2004 $250,000 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 third anniversary date of this Note (the "Maturity Date").