Common use of Payment Schedule and Maturity Date Clause in Contracts

Payment Schedule and Maturity Date. The entire principal balance of this Note then unpaid shall be due and payable in full on April 21, 2008 (the "Maturity Date"), the final maturity of this Note. Accrued unpaid interest only shall be due and payable on December 21, 2006, and on the twenty-first (21st) day of each succeeding month thereafter until all principal and accrued interest owing on this Note shall have been fully paid and satisfied.

Appears in 1 contract

Sources: Loan and Security Agreement (Signature Eyewear Inc)

Payment Schedule and Maturity Date. The entire principal balance of this Note then unpaid shall be due and payable in full on April 21, 2008 (the "Maturity Date"), the final maturity of this Note. Accrued unpaid interest only shall be due and payable on December 21May 1, 20062003, and on the twenty-first (21st1st) day of each succeeding month thereafter for a period of twelve (12) months. Thereafter accrued unpaid interest and outstanding principal shall be due and payable on the first (1st) day of each succeeding month, based upon a ten (10) year amortization schedule, until all principal and accrued interest owing on this Note shall have been fully paid and satisfied.

Appears in 1 contract

Sources: Loan and Security Agreement (Signature Eyewear Inc)

Payment Schedule and Maturity Date. The entire principal balance of this Note then unpaid shall be due and payable in full on April 21, 2008 (the "Maturity Date"), the final maturity of this Note. Accrued unpaid interest only on the outstanding principal balance due under this Note, from time to time, shall be due and payable on December 21, 2006, and on the twenty-first (21st1st) day of each succeeding month thereafter month, until all principal and accrued interest owing on this Note shall have been fully paid and satisfied.

Appears in 1 contract

Sources: Loan and Security Agreement (Signature Eyewear Inc)