Common use of New Principal Clause in Contracts

New Principal. The outstanding accrued interest of $4,500 will be added to the Principal amount of $25,000 to make a new principal amount of $29,500 (the “New Principal Amount”).

Appears in 3 contracts

Sources: Waiver and Amendment Agreement (Proteonomix, Inc.), Waiver and Amendment Agreement (Proteonomix, Inc.), Waiver and Amendment Agreement (Proteonomix, Inc.)

New Principal. The outstanding accrued interest of $4,500 28,875 will be added to the Principal amount of $25,000 175,000 to make a new principal amount of $29,500 203,875 (the “New Principal Amount”).

Appears in 1 contract

Sources: Waiver and Amendment Agreement (Proteonomix, Inc.)

New Principal. The outstanding accrued interest of $4,500 6,300 will be added to the Principal amount of $25,000 35,000 to make a new principal amount of $29,500 41,300 (the “New Principal Amount”).

Appears in 1 contract

Sources: Waiver and Amendment Agreement (Proteonomix, Inc.)