Common use of Note Terms Clause in Contracts

Note Terms. Effective May 1, 2021 (“Effective Date”) the Note terms are modified as follows: a) The defined term Interest Rate shall mean 3.85% per annum, fixed through to the Maturity Date. b) Commencing as of the Effective Date, payments of principal shall not be required and quarterly interest only payments shall be due and payable on the 1st day of each February, May, August, and November through and including the Maturity Date. c) Notwithstanding anything to the contrary in the Note or Credit Agreement, the Loan is closed to prepayment through the Maturity Date.

Note Terms. Effective May 1, 2021 (“Effective Date”) the Note terms are modified as follows: a) The defined term Interest Rate shall mean 3.85% per annum, fixed through to the Maturity Date. b) Commencing as of the Effective Date, payments of principal shall not be required and quarterly interest only payments shall be due and payable on the 1st day of each February, May, August, and November through and including the Maturity Date. c) Notwithstanding anything to the contrary in the Note or Credit Agreement, the Loan is closed to prepayment through the Maturity Date.. FIRST AMENDMENT TO SECURED PROMISSORY NOTE (Fixed Rate Term Loan) (Loan No. 197356)