Common use of Terms of Repayment (Balloon Payment Clause in Contracts

Terms of Repayment (Balloon Payment. Simple interest at the rate of eleven percent (11%) per annum will accrue on the outstanding Principal Amount commencing on the date of this Note and continuing thereafter upon Xxxxxx’s demand after six (6) months of Loan Date or until the two (2) year anniversary of the Loan Date, and the Borrower shall make quarterly payments of interest only, as set forth in Attachment 1 hereto. The entire unpaid Principal Amount and any accrued interest thereon shall become immediately due and payable on Xxxxxx’s request.

Terms of Repayment (Balloon Payment. Simple interest at the rate of eleven percent (11%) per annum will accrue on the outstanding Principal Amount commencing on the date of this Note and continuing thereafter upon until called by Xxxxxx’s demand after six (6) months of Loan Date or until the two (2) year anniversary of the Loan Date, and the Borrower shall make quarterly payments of interest only, as set forth in Attachment 1 hereto. The entire unpaid Principal Amount and any accrued interest thereon shall become immediately due and payable on Xxxxxx’s request.

Terms of Repayment (Balloon Payment. Simple interest at the rate of eleven ten percent (1110%) per annum will accrue on the outstanding Principal Amount commencing on the date of this Note and continuing thereafter upon until called by Xxxxxx’s demand after six (6) months of Loan Date or until the two (2) year anniversary of the Loan Date, and the Borrower shall make quarterly payments of interest only, as set forth in Attachment 1 hereto. The entire unpaid Principal Amount and any accrued interest thereon shall become immediately due and payable on Xxxxxx’s request.