Common use of Forgiveness of Interest Clause in Contracts

Forgiveness of Interest. On the first anniversary of the Note, the Company will forgive that portion of the interest accruing under the Note that has become due and payable on such date, provided that your employment with the Company shall not have been terminated on or prior to such date. 5.

Forgiveness of Interest. On the first anniversary of the Note, the Company will forgive that portion of the interest accruing under the Note that has become due and payable on such date, provided PROVIDED that your employment with the Company shall not have been terminated on or prior to such date. 5.