Common use of Repayment of Principal Clause in Contracts

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 9 annual installments of $75,000.00 per installment, commencing on July 5, 1996 and continuing each July 5th thereafter. On July 5, 2005 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 9 annual 11 monthly installments of $75,000.00 22,758.33 per installment, commencing on July 5September 1, 1996 and continuing on the first day of each July 5th month thereafter. On July 5August 1, 2005 1997 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 9 annual 59 monthly installments of $75,000.00 8,333.33 per installment, commencing on July 5January 31, 1996 1997 and continuing on the last day of each July 5th month thereafter. On July 5December 31, 2005 2001 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 9 4 annual installments of $75,000.00 145,000.00 per installment, commencing on July 5December 31, 1996 1994 and continuing each July 5th December 31st thereafter. On July 5December 31, 2005 1998 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 9 annual 35 monthly installments of $75,000.00 111,112.00 per installment, commencing on July 5December 31, 1996 1998 and continuing on the last day of each July 5th month thereafter. On July 5November 30, 2005 2001 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 9 annual installments of $75,000.00 100,000.00 per installment, commencing on July 5, 1996 and continuing each July 5th thereafter. On July 5, 2005 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance of all Advances then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.

Repayment of Principal. Unless sooner due in accordance with the terms of this Agreement, the Borrower hereby promises and agrees to pay principal in 9 annual 60 monthly installments of $75,000.00 S6,667.00 per installment, commencing on July 5October 31, 1996 1997 and continuing on the last day of each July 5th month thereafter. On July 5September 30, 2005 2002 the Borrower hereby promises and agrees to pay to the Bank in full the aggregate unpaid principal balance then outstanding, together with all accrued and unpaid interest thereon. Any payment received by the Bank shall, at the Bank's option, first be applied to pay any late fees or other fees then due and unpaid, and then to interest then due and unpaid and the remainder thereof (if any) shall be applied to reduce principal.