Principal Due Clause Samples
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Principal Due. If any amount of principal of any Loan is not paid when due, whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.
Principal Due. Section 1. entitled “Promise to Pay.” of the Term Note, as amended, shall be amended by changing the principal amount due under the Term Note from $300,000 to $700,000 to reflect the additional advances of $400,000 received in three installments as detailed above.
Principal Due. Subject to the conditions set forth in this Supplement, the principal payable by Borrower on the Loan in accordance with Section 2.3 of the Loan Agreement on March 23, 2012 in the amount of One Hundred and Forty-one Thousand Six Hundred and Sixty-Six Dollars ($141,666), is added to the principal amount of the Loan, to be repaid on the maturity date of the Loan, with interest thereon payable in accordance with the terms of the Loan Agreement.