Term B Note. The outstanding principal balance of the Term B Note shall be due and payable as follows: (1) Beginning on December 1, 2000 and on the first day of each month thereafter, in monthly installments of $87,500. (2) On the Maturity Date, the entire unpaid principal balance of the Term B Note, and all unpaid interest accrued thereon, shall in any event be due and payable.
Appears in 2 contracts
Sources: Credit and Security Agreement, Credit and Security Agreement (Pemco Aviation Group Inc)