- 16 - Interest upon all principal advanced under this Note shall accrue, from the date of its advance and until repaid, at a rate of ten and seven tenths percent (10.70%) per annum. * * * Principal and interest due Lender under this Note shall be payable as follows: (a) A payment of Ninety One Thousand Five Hundred Two and 83/100 Dollars ($91,502.83), including princi- pal and accrued and unpaid interest, shall be due and payable on March 9 2002; a payment of Ninety One Thousand Five Hundred Two and 83/100 Dollars($91,502.83), including principal and ac- crued and unpaid interest, shall be due and pay- able on March 9 2003; a payment of Ninety One Thousand Five Hundred Two and 83/100 Dollars($91,502.83), including principal and ac- crued and unpaid interest, shall be due and pay- able on March 9 2004, a payment of Ninety One Thousand Five Hundred Two and 83/100 Dollars($91,502.83), including principal and ac- crued and unpaid interest, shall be due and pay- able on March 9 2005; and (b) The entire remaining principal balance, plus all accrued and unpaid interest, shall be due and payable in full on June 9, 2005. * * * * * * * This Note shall be IN DEFAULT and, at Lender’s option, the total unpaid principal under this Note, all accrued interest thereon and all other amounts owed by any Maker to Lender, whether evidenced by this Note or otherwise, shall be immediately due and payable, with- out notice, protest, or demand, upon the occurrence of any one or more of the following events of default: (a) the failure of any Maker to pay any amount when due or to perform any other obligation as required under this Note; (b) the occurrence of any default by any Maker or any future guarantor (there presently being no guarantors) of this Note (called a “Guarantor” below) under any other obligation to or agreement with Lender or any SUPERVALU Entity (as defined below), including any default by any Maker or any Guarantor under any supply agreement in favor of any SUPERVALU Entity and any failure by any Maker or any Guarantor to pay anyPage: Previous 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Next
Last modified: May 25, 2011