Term of Note. This Promissory Note shall mature and all unpaid principal and all accrued and unpaid interest shall be due and payable on March 31, 2003. ("Maturity Date").
Term of Note. The unpaid Principal balance hereof, together with all Unpaid Interest accrued thereon and Additional Interest, if any, shall be due and payable in full on the date that is twenty (20) years following the date of this Note (the “Maturity Date”). Except in connection with the Transfer of the Site, this Promissory Note may not be prepaid without the consent of the Agency which consent may be granted or withheld in the sole and absolute discretion of the Agency.
Term of Note. “The Note” shall have a term of one (120) days, starting from the date the Borrower receives the funds from the Lender in their entirety (the “Closing Date”). This note shall by payable in full by 04/01/2010. In the event of prepayment by the Borrower, the Lender will receive interest for the entire term of the note as set forth in Section 2(b). Any changes to the term of the Note must be accordance to Section 5(c).
Term of Note. “The Bridge Note” shall have a term of 90 days starting from the date the Borrower receives the funds from the Lender in their entirety. In the event of prepayment by the Borrower, the Lender will receive interest for the entire term of the note as set forth in Section 2(b). Any changes to the term of the note must be accordance to Section 5(c).
Term of Note. This Note shall mature on 180 days from the date of this Note. At such time, the Principal and any accrued and unpaid interest shall be due. The term of this Note may be extended by the mutual agreement of both parties.
Term of Note. The note amount will be amortized over a period not to ex- ceed 10 years. If the State Director de- termines more favorable terms are nec- xxxxxx to facilitate the sale, the note amount may be amortized using a 30- year factor with payment in full (bal- loon payment) due not later than 10 years from the date of closing. In no case will the term be longer than the period for which the property will serve as adequate security.
Term of Note. Interest and Pre-Payment: Interest will accrue on the principal amount of the Bridge Note(s) at the rate of eight (8%) percent per annum, based on a 365-day year. The Company will have the right to prepay without penalty any amount owed under the Bridge Note(s) in whole or in part at any time.
Term of Note. Each Note issued under the terms of this Agreement shall have a term of 12 months, except that any Note(s) outstanding at the expiration of this Agreement shall be immediately due and payable. Each Note shall be repaid upon maturity by wire transfer of immediately available funds to the Purchaser's designated account.
Term of Note. Maturity Date The Convertible Debenture is due and payable on the one-year anniversary (365 days) of the Closing Date (the “Maturity Date”). Conversion Rate Principal and/or interest under the Convertible Debenture may be converted to common stock of DYCO on or before the Maturity Date. The “Conversion Rate” hereunder shall be One Dollar Fifty Cents ($1.50 U.S.) per share; provided, however, that should Dynamic enter into any subsequent transaction(s) on or before December 31, 2006 equivalent to this Purchase Agreement (i.e., future acquisition(s) or going concern travel companies) in which the acquiree/seller is granted conversion rights at a rate of less than $1.50 per share, then the “Conversion Rate” shall be lowered to the most favorable conversion rate granted to such future acquirees, but in no event at a rate less than $1.00 per share. Should Xxxxxxx X. Xxxxx elect to convert on (but not prior to) the Maturity Date, the rate of conversion shall be the lesser of the Conversion Rate or the market price of DYCO’s common stock. Prepayment by Dynamic Dynamic may prepay the Convertible Debenture and/or any interest thereon at any time; provided, however, that at least ten (10) days prior to any such prepayment, Dynamic shall provide written notice to Xxxxxxx X. Xxxxx of Dynamic’s intention to prepay, after which Xxxxxxx X. Xxxxx shall have ten (10) days within which to convert the Convertible Debenture according to the terms of this paragraph 5.
Term of Note. The entire unpaid principal balance of this Note, together with accrued interest thereon, shall be due and payable unless earlier accelerated as provided herein, on September 30, 2007, subject to extension by ASPEN in its sole discretion (“Maturity Date”).
