Payment Due Dates. Interest shall be payable monthly on the 1st day of the month throughout the term of this note. The principal shall be due and payable in full upon the earlier of (i) 01/10 and 07/10 of each year. These stated amounts may be collected by Lender from Buyer pursuant to the “Authorization for Direct Payment Via ACH” attached hereto as Exhibit A and incorporated herein by reference (“ACH Authorization:”). In addition to the above-referenced amounts and due dates, Borrower hereby specifically authorizes Lender to obtain payment from Borrower pursuant to the ACH Authorization in the amounts and pursuant to the dates set forth in such ACH Authorization.
Appears in 6 contracts
Sources: Line of Credit Promissory Note and Security Agreement, Line of Credit Promissory Note and Security Agreement, Line of Credit Promissory Note and Security Agreement
Payment Due Dates. Interest shall be payable monthly on the 1st day of the month throughout the term of this noteNote. The principal shall be due and payable in full upon the earlier of (i) 01/10 and 07/10 of each year. These stated amounts may be collected by Lender ▇▇▇▇▇▇ from Buyer pursuant to the “Authorization for Direct Payment Via ACH” attached hereto as Exhibit A and incorporated herein by reference (“ACH Authorization:”). In addition to the above-referenced amounts and due dates, Borrower hereby specifically authorizes Lender ▇▇▇▇▇▇ to obtain payment from Borrower pursuant to the ACH Authorization in the amounts and pursuant to the dates set forth in such ACH Authorization.
Appears in 1 contract
Sources: Commercial Line of Credit Promissory Note and Security Agreement