Common use of Principal and Interest Payments Clause in Contracts

Principal and Interest Payments. For each Growth Capital Advance, Borrower shall make thirty-six (36) consecutive equal monthly payments of principal and interest each in an amount which would fully amortize the outstanding Growth Capital Advances, as of the Conversion Date, over the Growth Capital Repayment Period (the “Growth Capital Scheduled Payment”), which payment shall commence on July 1, 2014 (the “Conversion Date”). All unpaid principal and accrued and unpaid interest on the Growth Capital Advances is due and payable in full on the Growth Capital Maturity Date.

Principal and Interest Payments. For each Growth Capital Advance, Borrower shall make thirty-six (36) consecutive equal monthly payments of principal and interest each in an amount which would fully amortize the outstanding Growth Capital Advances, as of the Conversion Date, over the Growth Capital Repayment Period (the “Growth Capital Scheduled Payment”), which payment shall commence on July 1, 2014 the first (1st) day of the first (1st) month after the Interest-Only Period (the “Conversion Date”). All unpaid principal and accrued and unpaid interest on the Growth Capital Advances is due and payable in full on the Growth Capital Maturity Date.

Principal and Interest Payments. For each Growth Capital Advance, commencing on the Conversion Date and continuing on each Payment Date thereafter, Borrower shall make thirty-six repay each Growth Capital Advance in thirty (3630) consecutive equal monthly payments of principal and interest principal, each in an amount which would fully amortize the outstanding Growth Capital Advances, as of the Conversion Date, over the Growth Capital Repayment Period (the “Growth Capital Scheduled Payment”)Period, plus accrued interest, which payment interest shall commence on July 1, 2014 (be calculated at the “Conversion Date”rate set forth in Section 2.6(a)(ii). All unpaid principal and accrued and unpaid interest on the Growth Capital Advances is due and payable in full on the Growth Capital Maturity Date.

Principal and Interest Payments. For each Growth Capital AdvanceAdvance outstanding as of March 31, 2015, Borrower shall make thirty-six thirty (3630) consecutive equal monthly payments of principal and accrued but unpaid interest each commencing on the first (1st) Business Day of the first (1st) month after the Interest-Only Period (the “Conversion Date”), in an amount which amounts that would fully amortize the outstanding applicable Growth Capital AdvancesAdvance, as of the Conversion Date, over the Growth Capital Repayment Period (the “Growth Capital Scheduled Payment”), which payment shall commence on July 1, 2014 (the “Conversion Date”)Period. All The Final Payment and all unpaid principal and accrued and unpaid interest on the each Growth Capital Advances is Advance are due and payable in full on the Growth Capital Maturity Date.