Common use of Principal Obligation and Interest Clause in Contracts

Principal Obligation and Interest. For value received, Maker promises to pay to Holder at 0000 X. Xxxx Xxxxxxx Xxxx, Xxx Xxxxx, XX 00000, or at such other place as Holder may designate in writing, in currently available funds of the United States, all funds advanced to Maker by Holder under the terms of this Note, of up to a maximum principal obligation of Two Hundred Fifty Thousand United States Dollars. Maker’s obligation under this Note shall accrue interest at the rate of One Percent (1.0%) per month from the date hereof until paid in full. Interest shall be computed on the basis of a 365-day year or 366-day year, as applicable, and actual days lapsed.

Principal Obligation and Interest. For value received, Maker promises to pay to Holder at 0000 X. Xxxx Xxxxxxx XxxxXx., Xxx Xxxxx, XX Xxxxxx 00000, or at such other place as Holder may designate in writing, in currently available funds of the United States, all funds advanced to Maker by Holder under the terms principal sum of this Note, of up to a maximum principal obligation of Two Four Hundred Fifty Eighty eight Thousand United States DollarsFour Hundred Eighty nine and 27/100 U.S. DOLLARS. Maker’s 's obligation under this Note shall accrue interest at the rate of One Percent twelve percent (1.012.0%) per month annum from the date hereof until paid in full, compounded monthly. Interest shall be computed on the basis of a 365-day year or 366-day year, as applicable, and actual days lapsed.

Principal Obligation and Interest. For value received, Maker promises to pay to Holder at 0000 X. Xxxx Xxxxxxx Xxxx000 Xxx Xxxxxxx, Xxx XxxxxXxxxx Xxxxxxx, XX 00000, or at such other place as Holder may designate in writing, in currently available funds of the United States, all funds advanced to Maker by Holder under the terms principal sum of this Note, of up to a maximum principal obligation of Two Hundred Fifty Thousand United States Dollars. Maker’s obligation under this Note shall accrue interest at the rate of One Twelve Percent (1.012.0%) per month annum from the date hereof until paid in full. Interest shall be computed on the basis of a 365-day year or 366-day year, as applicable, and actual days lapsed.