Term Note II Sample Clauses
Term Note II. To evidence the Term Loan II made by the Lender to the Borrower hereunder, the Borrower has executed and delivered to the Lender the Term Note II. The Borrower agrees to pay to the Lender amounts outstanding under the Term Note II in installments as set forth in said note, with all outstanding principal and accrued interest due and payable February 15, 2001.
Term Note II. Term Note II duly executed by the Borrower;
Term Note II. The obligation of the Company to repay Term Loan II shall be evidenced by a promissory note of the Company ("Term Note II") in the form of Exhibit "D" attached hereto. The principal of Term Loan 11 shall be repayable in equal monthly installments of $6,200.00 which shall be due and payable commencing on the first Banking Day of September, 2001, and thereafter on the first Banking Day of each month until July 1, 2006, on which date the entire principal balance of Term Loan II shall be due and payable together with all accrued and unpaid interest. The principal of Term Loan II may be prepaid at any time in whole or in part, provided that any partial prepayment shall be in an amount which is an integral multiple of $25,000.00; and provided further, that all partial prepayments shall be applied to the latest maturing installments of principal payable under Term Loan II in inverse order of maturity.
Term Note II. Exhibit A-3, in the form of Exhibit A-3 to this Amendment, is added to the Credit Agreement as Exhibit A-3 thereto.
Term Note II. The obligation of the Company to repay Term Loan II shall be evidenced by a promissory note in form and substance acceptable to the Bank (as the same may hereafter be amended, extended, renewed, replaced and/or restated from time to time and at any time, "Term Note II"). The principal of Term Loan II shall be repayable in equal monthly installments in the amount of $2,777.78 on the first day of each successive calendar month, beginning February 1, 2001, and continuing on the first day of each calendar month thereafter until the Term Loan Maturity Date, on which date the entire unpaid principal balance of Term Loan II shall be due and payable together with all accrued and unpaid interest. The principal of Term Loan II may be prepaid at any time in whole or in part, provided that any partial prepayment shall be in an amount which is an integral multiple of Ten Thousand Dollars ($10,000.00), and provided further that all partial prepayments shall be applied to the scheduled installments of principal in the inverse order of their maturities.