Principal and Interest Payment Clause Samples

Principal and Interest Payment. Within five (5) calendar days of the maturity date set forth in section 2.2 above, maker shall pay an amount equal to the entire unpaid principal of and all accrued and unpaid interest on this promissory note.

Principal and Interest Payment. Interest on this Note shall be payable by SNH in arrears in equal installments of ninety days' Interest on the last days of March, June, September and December each year. The principal of this Note shall be paid by SNH in its entirety, together with any interest accrued and unpaid thereon, on the Maturity Date.

Principal and Interest Payment. 17 3.1 Repayment of Principal and Outstanding Obligations 17 3.2 Interest Rates and Payment Dates 17 3.3 Repayment Procedures 17 3.4 Schedule of Principal and Payments 18 3.5 Mandatory Prepayments 18 3.6 Terms of Prepayments 18 3.7 Taxes 19 Article IV CONDITIONS PRECEDENT 19 4.1 Closing Date 19 4.2 Credit Events 23 Article V REPRESENTATIONS AND WARRANTIES 25 5.1 No Change 25 5.2 Existence; Compliance with Legal Requirements 25 5.3 Power; Authorization; Enforceable Obligations 25 5.4 No Legal Bar 26 5.5 Ownership 26 5.6 Litigation 26 5.7 Title 26 5.8 Environmental 28 5.9 Permits 28 5.10 No Default 29 5.11 Financial Statements 29 5.12 Taxes 29 5.13 Employee and ERISA Matters 30 5.14 Investment Company Act 30 5.15 Use of Proceeds 30 5.16 Material Project Documents 30 5.17 Accuracy of Information 31 5.18 Security Documents 31 5.19 Solvency 31 5.20 Indebtedness 32 5.21 Senior Indebtedness 32 5.22 Force Majeure 32 5.23 Partnerships and Joint Ventures 32 Article VI AFFIRMATIVE COVENANTS 32 6.1 Financial Statements 32 6.2 Certificates; Other Information 33 6.3 Taxes, Other Government Charges and Utility Charges 33 6.4 Maintenance of Existence; Compliance 34

Principal and Interest Payment. Borrower shall default in the due and punctual payment of the principal of, or interest on the Credit; or

Principal and Interest Payment. Prepayment ------------------------------------------ Unless sooner paid in full, and subject to Digex rights hereunder to require accelerated payment of this Note upon the occurrence of an Event of Default, the entire unpaid Principal Balance of this Note, together with all outstanding and unpaid accrued interest thereon, shall be due and payable on the earlier of (i) November 1, 2003 or (ii) termination of the Executive's employment with Digex and/or its subsidiaries, affiliates or successors (hereafter collectively referred to as the "Company") for any reason including, but not limited to, termination by the Company with or without cause, termination as a result of death, or permanent disability, resignation for any reason or termination resulting from constructive discharge. The Executive's obligation under this Note will not be affected by any change in control, sale of assets, sale of stock, merger, share exchange, consolidation, business combination, reorganization, or change in capitalization, of or involving the Company. This Note shall inure to the benefit of, and be enforceable by, the Company. The Executive may prepay this Note, in whole or in part, at any time without penalty.

Principal and Interest Payment. The Principal Amount hereunder and the interest accrued and unpaid with respect thereto (collectively, the "Obligation^') shall be due and payable at the Closing (the "Maturity Date"); provided, however, that, in the event the full amount of the Obligations are not repaid at the Closing because the Liquidation Transaction includes Contingent Acquisition Consideration and the amount payable at the Closing is less than the Obligations, such unpaid Obligations shall be paid upon, and out of, the payment of any Contingent Consideration Payments; provided, further, however, the entire principal and accrued and unpaid interest, fees, costs and expenses, if any, shall be due and payable if an Event of Default (as defined below) occurs, all as provided in Section B below. For purposes of this Note, the "Principal Amount' shall mean $_______________ , which is the aggregate amount of the Payment Obligation, as set forth and determined in accordance with the Exchange Agreement.

Principal and Interest Payment. If the Due Date is not a business day, the lenders will receive payment on the immediately following business day, without payment of any additional interest.

Principal and Interest Payment. Borrower shall pay to Lender two (2) installment payments of principal and interest on this Note in the amounts as follows: March 31, 2002: $243,853 Two hundred forty-three thousand eight hundred fifty-three Dollars September 30, 2002 $236,411 Two hundred thirty-six thousand four hundred eleven Dollars Unless sooner paid in full, the entire unpaid principal balance of this Note, together with all outstanding and unpaid accrued interest on this Note, shall be due and payable on September 30, 2002 (the “Loan Maturity Date”). Borrower acknowledges that Lender has no obligation to extend the Loan Maturity Date and that Lender has no obligation to refinance the loan evidenced by this Note.

Principal and Interest Payment. The principal and interest payment to service the financing portion of the Project will be a fixed payment calculated to amortize the amount financed over an amount of time set forth in the customer contract in equal monthly payments and such payments will be due to CHARTER irrespective of any future variation in the amount of monthly energy savings calculated to be available to the customer. As may be necessary for CHARTER to protect its financing interest in the Project, CHARTER shall have the right to record the Energy Service Agreement and the Loan Agreement or, in lieu thereof, a notice of such contract or other document adequate to secure CHARTER's interest in the financing.