Common use of Repayment of Principal Clause in Contracts

Repayment of Principal. Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

Repayment of Principal. Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) 14 Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear any interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds fund shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

Repayment of Principal. Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear bears no interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds fund shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.