Common use of Minimum Monthly Principal Payments Clause in Contracts

Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on June 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”) as set forth in the table below: 6/1/04 $ 30,000.00 71/04 $ 30,000.00 8/1/04 $ 30,000.00 9/1/04 $ 30,000.00 10/1/04 $ 30,000.00 11/1/04 $ 30,000.00 12/1/04 $ 30,000.00 1/1/05 $ 30,000.00 2/1/05 $ 30,000.00 3/1/05 $ 50,000.00 4/1/05 $ 50,000.00 5/1/05 $ 50,000.00 6/1/05 $ 72,083.34 7/1/05 $ 72,083.34 8/1/05 $ 72,083.34 9/1/05 $ 72,083.34 10/1/05 $ 72,083.34 11/1/05 $ 72,083.34 12/1/05 $ 72,083.34 1/1/06 $ 72,083.34 2/1/06 $ 72,083.34 3/1/06 $ 72,083.34 4/1/06 $ 72,083.34 5/1/06 $ 72,083.34 6/1/06 $ 72,083.34 7/1/06 $ 72,083.34 8/1/06 $ 72,083.34 9/1/06 $ 72,083.34 10/1/06 $ 72,083.34 11/1/06 $ 72,083.34 12/1/06 $ 94,166.68 1/1/07 $ 94,166.68 2/1/07 $ 94,166.68 Subject to Section 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount set forth above, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note but have not been paid (collectively, the “Monthly Amount”).

Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on June July 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”) as set forth in the table below: 6/1/04 7/1/04 $ 30,000.00 71/04 50,000 10/1/05 $ 30,000.00 8/1/04 150,000 81/04 $ 30,000.00 50,000 11/1/05 $ 150,000 9/1/04 $ 30,000.00 70,000 12/1/05 $ 150,000 10/1/04 $ 30,000.00 70,000 1/1/06 $ 150,000 11/1/04 $ 30,000.00 70,000 2/1/06 $ 150,000 12/1/04 $ 30,000.00 70,000 3/1/06 $ 181,667 1/1/05 $ 30,000.00 70,000 4/1/06 $ 181,667 2/1/05 $ 30,000.00 70,000 5/1/06 $ 181,667 3/1/05 $ 50,000.00 150,000 6/1/06 $ 181,667 4/1/05 $ 50,000.00 150,000 7/1/06 $ 181,667 5/1/05 $ 50,000.00 150,000 8/1/06 $ 181,667 6/1/05 $ 72,083.34 150,000 9/1/06 $ 181,667 7/1/05 $ 72,083.34 150,000 10/1/06 $ 181,667 8/1/05 $ 72,083.34 150,000 11/1/06 $ 181,667 9/1/05 $ 72,083.34 10/1/05 150,000 12/1/06 $ 72,083.34 11/1/05 $ 72,083.34 12/1/05 $ 72,083.34 181,667 1/1/06 $ 72,083.34 2/1/06 $ 72,083.34 3/1/06 $ 72,083.34 4/1/06 $ 72,083.34 5/1/06 $ 72,083.34 6/1/06 $ 72,083.34 7/1/06 $ 72,083.34 8/1/06 $ 72,083.34 9/1/06 $ 72,083.34 10/1/06 $ 72,083.34 11/1/06 $ 72,083.34 12/1/06 $ 94,166.68 1/1/07 $ 94,166.68 181,667 2/1/07 $ 94,166.68 181,667 3/1/07 $ 500,000 Subject to Section 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount set forth above, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note but have not been paid (collectively, the “Monthly Amount”).