Common use of Principal Due Clause in Contracts

Principal Due. Section 1. entitled “Promise to Pay.” of the Term Note, as amended, shall be amended by changing the principal amount due under the Term Note from $300,000 to $700,000 to reflect the additional advances of $400,000 received in three installments as detailed above.

Appears in 1 contract

Sources: Term Note (Softech Inc)

Principal Due. Section 1. entitled “Promise to Pay.” of the Term Note, as amended, shall be amended by changing the principal amount due under the Term Note from $300,000 1,003,551 to $700,000 1,103,551 to reflect the additional advances advance of $400,000 received in three installments as detailed above100,000.

Appears in 1 contract

Sources: Term Note (Softech Inc)

Principal Due. Section 1. entitled “Promise to Pay.” of the Term Note, as amended, shall be amended by changing the principal amount due under the Term Note from $300,000 753,551 to $700,000 1,003,551 to reflect the additional advances advance of $400,000 received in three installments as detailed above250,000.

Appears in 1 contract

Sources: Term Note (Softech Inc)

Principal Due. Section 1. entitled “Promise to Pay.” of the Term Note, as amended, shall be amended by changing the principal amount due under the Term Note from $300,000 700,000 to $700,000 753,551 to reflect the additional advances advance of $400,000 53,551 received in three installments as detailed aboveon November 17, 2015.

Appears in 1 contract

Sources: Term Note (Softech Inc)