Modification of the Note. The Note and, where applicable, the other Loan Documents are hereby modified as follows:
Modification of the Note. The Note is modified as follows:
Modification of the Note. 1.1 Section 4.1 of the Note is hereby deleted and the following section is substituted therefor:
Modification of the Note. Effective on the Effective Date, the Company shall modify the Note as follows and shall reissue an amended and restated note (the “Amended and Restated Note”) to Purchaser reflecting the following modifications (capitalized terms not defined in this Agreement shall have the meanings set forth in the Note):
Modification of the Note. The Maturity Date (as defined in Section 5.(a) of the Note) shall be accelerated; accordingly the stated Maturity Date in the Note of December 31, 2013 is hereby amended to so that the Maturity Date for the Note shall be June 30, 2013.
Modification of the Note. 1. Section 4 of the Note is hereby modified by extending the Maturity Date from February 21, 2013, to May 22, 2013 (the “Extended Maturity Date”). On the Extended Maturity Date, the entire indebtedness evidenced by the Note shall be due and payable in full, subject to further extension as set forth below.
Modification of the Note. As of March 17, 1999, the principal balance of the Note is $606,988.43, plus accrued interest as of March 17, 1999 in the amount of $2,665.76, with interest accruing from March 17, 1999 at the rate of $166.30 per day. Borrower shall pay or has paid the March 1, 1999 payment. The remaining principal balance of $606,988.43 shall continue to accrue interest at the rate of nine and one-half per cent (9.50%) per annum, which amount shall be payable in twenty-six (26) monthly installments of principal plus accrued interest beginning on April 17, 1999, the first twenty-five (25) of which shall be in the amount of $9,920.61 each, with the outstanding principal balance plus accrued interest becoming due with the twenty-sixth (26th) and final installment on May 17, 2001. In addition to the monthly installment of principal and interest, Borrower shall pay a monthly amount of $2,035.45, which is one-twelfth (1/12) of the annual real property taxes dues on the Real Property.
Modification of the Note. Borrower, Fleet and Agent do hereby modify and amend the Note as follows:
Modification of the Note. Borrower, Guarantor and Lender hereby acknowledge and agree that the Note shall be, and is hereby, modified to provide that:
Modification of the Note. The Note shall be modified to provide for the repayment of principal on a straight-line basis, together with interest, over a seven (7) year term with the entire balance of principal and interest all due and payable sixty (60) months from and after the date of execution of the Note. Except as modified herein, all of the terms and provisions stated in Section 2.6(d) of the Asset Purchase Agreement are hereby ratified, approved and confirmed.
