Common use of AMOUNTS DUE AND OWING Clause in Contracts

AMOUNTS DUE AND OWING. In consideration of advancing an additional Fifty Thousand dollars (US $50,000.00), increasing the Loan to Three Hundred Thousand Dollars (US 300,000.00) the Borrower agrees to pay to The Lender the sum of Three Hundred Thousand dollars (US $300,000.00) (the "Principal Sum") of lawful money of the United States of America together with all interest, penalties and assessments that may from time to time be added to the Principal Sum and are provided for in this Agreement. For the purposes of this Agreement, the Principal Sum, together with all interest, penalties and assessment that may from time to time be added to the Principal Sum as provided for herein shall be referred to as the "Debt".

AMOUNTS DUE AND OWING. In consideration of advancing an additional Fifty Seventy Five Thousand dollars (US $50,000.0075,000.00 ), increasing the Loan to Three Hundred and Seventy Five Thousand Dollars (US 300,000.00375,000.00) the Borrower agrees to pay to The Lender the sum of Three Hundred and Seventy Five Thousand dollars (US $300,000.00375,000.00) (the "Principal Sum") of lawful money of the United States of America together with all interest, penalties and assessments that may from time to time be added to the Principal Sum and are provided for in this Agreement. For the purposes of this Agreement, the Principal Sum, together with all interest, penalties and assessment that may from time to time be added to the Principal Sum as provided for herein shall be referred to as the "Debt".