Common use of Required Principal and Interest Payments Clause in Contracts

Required Principal and Interest Payments. All accrued but unpaid interest on the principal balance of the Loan outstanding from time to time shall be payable on each Payment Date. The then outstanding principal balance of the Loan and all accrued but unpaid interest thereon shall be due and payable on the Maturity Date. Borrower may from time to time during the term of this Agreement borrow, partially or wholly repay its outstanding borrowings, and reborrow, subject to all of the limitations, terms and conditions of this Agreement; provided, however, that the total outstanding borrowings under this Agreement shall not at any time exceed the Commitment. The unpaid principal balance of the Loan at any time shall be the total amount advanced hereunder by Lender less the amount of principal payments made hereon by or for Borrower, which balance may be endorsed hereon from time to time by Lender or otherwise noted in Lender’s records, which notations shall be, absent manifest error, conclusive evidence of the amounts owing hereunder from time to time. All payments (whether of principal or of interest) shall be deemed credited to Borrower’s account only if received by 2:00 p.m. Dallas time on a Business Day; otherwise, such payment shall be deemed received on the next Business Day.

Required Principal and Interest Payments. All accrued but unpaid interest on the principal balance of the Loan Loans outstanding from time to time shall be payable on each Payment Date. The then outstanding principal balance of the Loan Loans and all accrued but unpaid interest thereon shall be due and payable on the Maturity Date. Borrower may from time to time during the term of this Agreement borrow, partially or wholly repay its outstanding borrowings, and reborrow, subject to all of the limitations, terms and conditions of this Agreement; provided, however, that the total outstanding borrowings under this Agreement shall not at any time exceed the CommitmentLoan Amount. The unpaid principal balance of the Loan Loans at any time shall be the total amount advanced hereunder and the Note by Lender less the amount of principal payments made hereon by or for Borrower, which balance may be endorsed hereon from time to time by Lender or otherwise noted in Lender’s records, which notations shall be, absent manifest error, conclusive evidence of the amounts owing hereunder from time to time. All payments (whether of principal or of interest) shall be deemed credited to Borrower’s account only if received by 2:00 p.m. Dallas Dallas, Texas time on a Business Day; otherwise, such payment shall be deemed received on the next Business Day.

Required Principal and Interest Payments. All accrued but unpaid interest on the principal balance of the Loan Loans outstanding from time to time shall be payable on each Payment Date. The then outstanding principal balance of the Loan and any and all accrued but unpaid interest thereon hereon shall be due and payable in full on the Maturity DateDate or upon any earlier maturity hereof, whether by acceleration in accordance with this Agreement and the other Loan Documents. All payments (whether of principal or of interest) shall be deemed credited to Borrower’s account only if received by 2:00 p.m. Dallas time on a Business Day; otherwise, such payment shall be deemed received on the next Business Day. Borrower may from time to time during the term of this Agreement borrow, partially or wholly repay its outstanding borrowings, and reborrow, subject to all of the limitations, terms and conditions of this Agreement; provided, however, that the total outstanding borrowings under this Agreement hereunder shall not at any time exceed the CommitmentLoan Amount. The unpaid principal balance of the Loan Loans at any time shall be the total amount advanced hereunder and the Note by Lender less the amount of principal payments made hereon by or for Borrower, which balance may be endorsed hereon from time to time by Lender or otherwise noted in Lender’s records, which notations shall be, absent manifest error, conclusive evidence of the amounts owing hereunder from time to time. All payments (whether of principal or of interest) shall be deemed credited to Borrower’s account only if received by 2:00 p.m. Dallas time on a Business Day; otherwise, such payment shall be deemed received on the next Business Day.

Required Principal and Interest Payments. All accrued but unpaid interest on the principal balance of the Loan Loans outstanding from time to time shall be payable on each Payment Date. The then outstanding principal balance of the Loan and any and all accrued but unpaid interest thereon hereon shall be due and payable in full on the Maturity Date. Borrower may from time to time during the term of Date or upon any earlier maturity hereof, whether by acceleration in accordance with this Agreement borrow, partially or wholly repay its outstanding borrowings, and reborrow, subject to all of the limitations, terms and conditions of this Agreement; provided, however, that the total outstanding borrowings under this Agreement shall not at any time exceed the Commitment. The unpaid principal balance of the other Loan at any time shall be the total amount advanced hereunder by Lender less the amount of principal payments made hereon by or for Borrower, which balance may be endorsed hereon from time to time by Lender or otherwise noted in Lender’s records, which notations shall be, absent manifest error, conclusive evidence of the amounts owing hereunder from time to timeDocuments. All payments (whether of principal or of interest) shall be deemed credited to Borrower’s account only if received by 2:00 p.m. Dallas time on a Business Day; otherwise, such payment shall be deemed received on the next Business Day. Borrower may from time to time during the term of this Agreement borrow, partially or wholly repay its outstanding borrowings, and reborrow any borrowings that it has repaid hereunder, subject to all of the limitations, terms and conditions of this Agreement; provided, however, that the total borrowings hereunder outstanding at any time shall not exceed the Loan Amount. The unpaid principal balance of the Loans at any time shall be the total amount advanced under this Loan and the Note by Lender, less the amount of principal payments made hereon by or for Borrower.