Common use of Scheduled Mandatory Payments Under Consolidation Note Clause in Contracts

Scheduled Mandatory Payments Under Consolidation Note. 3.1.1 On or before June 17, 2005, Borrower shall pay to GECC, and Parent shall cause Borrower to pay to GECC, and GECC shall have received payment in full, in immediately available funds, of an amount equal to One Hundred Thousand Dollars ($100,000.00), all of which amount shall be applied by GECC to reduce permanently the CF Obligations.

Scheduled Mandatory Payments Under Consolidation Note. 3.1.1 On or before June 17July 29, 2005, Borrower shall pay to GECC, and Parent shall cause Borrower to pay to GECC, and GECC shall have received payment in full, in immediately available funds, of an amount equal to One Hundred Thousand Dollars ($100,000.00), all of which amount shall be applied by GECC to reduce permanently the CF Obligations.