Common use of Repayment of Principal Clause in Contracts

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, on May 31, 1999 the Borrowers hereby promise and agree, jointly and severally, to pay to the Bank in full the aggregate unpaid principal balance of all Advances then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Appears in 1 contract

Samples: Line of Credit Agreement (Tag It Pacific Inc)

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Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, on May 31June 30, 1999 the Borrowers Borrower hereby promise promises and agree, jointly and severally, agrees to pay to the Bank in full the aggregate unpaid principal balance of all Advances then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Appears in 1 contract

Samples: Security Agreement (Atg Inc)

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, on May 31July 15, 1999 1998 the Borrowers Borrower hereby promise promises and agree, jointly and severally, agrees to pay to the Bank in full the aggregate unpaid principal balance of all Advances then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Appears in 1 contract

Samples: Commercial Credit Agreement (Interactive Group Inc)

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, on May August 31, 1999 1998 the Borrowers Borrower hereby promise promises and agree, jointly and severally, agrees to pay to the Bank in full the aggregate unpaid principal balance of all Advances then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Appears in 1 contract

Samples: Line of Credit Agreement (Neotherapeutics Inc)

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, on May December 31, 1999 1997 the Borrowers Borrower hereby promise promises and agree, jointly and severally, agrees to pay to the Bank in full the aggregate unpaid principal balance of all Advances then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Appears in 1 contract

Samples: Line of Credit Agreement (Interactive Group Inc)

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Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, on May 31March 1, 1999 1998 the Borrowers Borrower hereby promise promises and agree, jointly and severally, agrees to pay to the Bank in full the aggregate unpaid principal balance of all Advances then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Appears in 1 contract

Samples: Commercial Credit Agreement (Applied Signal Technology Inc)

Repayment of Principal. Unless sooner due in accordance with the terms of this AgreementAgreement on July 15, on May 31, 1999 1998 the Borrowers Borrower hereby promise promises and agree, jointly and severally, agrees to pay to the Bank in full the aggregate unpaid principal balance of all Advances then outstanding, outstanding under this Equipment Line of Credit together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Appears in 1 contract

Samples: Commercial Credit Agreement (Interactive Group Inc)

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, on May 31April 5, 1999 1995 the Borrowers Borrower hereby promise promises and agree, jointly and severally, agrees to pay to the Bank in full the aggregate unpaid principal balance of all Advances then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Appears in 1 contract

Samples: Agricultural Credit Agreement (Scheid Vineyards Inc)

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