Common use of Permanent Reduction Clause in Contracts

Permanent Reduction. The principal amount of the Debt is reduced to $67,000 and all the Bank's claims for principal in excess of such amount or for interest or charges accrued to the date hereof are extinguished. It is expressly understood that full payment shall be made upon execution of this Agreement.

Permanent Reduction. The principal amount of the Debt is reduced to $67,000 111,500 and all the Bank's claims for principal in excess of such amount or for interest or charges accrued to the date hereof are extinguished. It is expressly understood that full payment shall be made upon by Debtors to the Bank (by bank or certified check or wire transfer of cleared funds, as directed by the Bank) simultaneously with the execution of this Agreement.

Permanent Reduction. The principal amount of the Debt is reduced to $67,000 426,000 and all the Bank's claims for principal in excess of such amount or for interest or charges accrued to the date hereof are extinguished. It is expressly understood that full payment shall be made upon execution of this Agreement.

Permanent Reduction. The principal amount of the Debt is reduced to $67,000 39,250 and all the Bank's claims for principal in excess of such amount or for interest or charges accrued to the date hereof are extinguished. It is expressly understood that full payment shall be made upon execution of this Agreement.

Permanent Reduction. The principal amount of the Debt is reduced to $67,000 138,500 and all the Bank's claims for principal in excess of such amount or for interest or charges accrued to the date hereof are extinguished. It is expressly understood that full payment shall be made upon execution of this Agreement.