Document ID: 15680

Text:
2.Repayment of Principal. The entire principal amount of the Loan, and any accrued and unpaid interest, shall be due and payable on July 31, 2017 (the Maturity Date). The Borrower shall repay the principal amount of the Loan in installments of $1,000,000 on the last day of each of May, June and July 2017 (the Amortization Payments). The Loan may be prepaid in whole or in part at any time, without payment of any penalty or premium. Notwithstanding any provision to the contrary in this Agreement, upon the Closing Date, as defined in the Summit II Purchase Agreement (as amended, supplemented or otherwise modified, the Summit II PSA Closing Date), the Loan shall be deemed paid in full and the Borrower shall have no further obligations with respect thereto, except for unpaid interest accrued and payable in cash under Section 3(a)(i), Section 3(a)(ii), Section 3(b)(i) and Section 3(b)(ii) prior to the Summit II PSA Closing Date, which shall be due and payable on the Summit II PSA Closing Date. If the closing of the acquisition contemplated by the Summit II Purchase Agreement does not occur under the revised terms of the Summit II PSA Amendment, then the full amount of the Loan shall become due and payable on the Maturity Date.

Named Entities:
27
30
TerminationDate
50
55
Principal
116
119
Title

Tokenized Text:
2
.
Repayment
of
Principal
.
The
entire
principal
amount
of
the
Loan
,
and
any
accrued
and
unpaid
interest
,
shall
be
due
and
payable
on
July
31
,
2017
(
the
Maturity
Date
)
.
The
Borrower
shall
repay
the
principal
amount
of
the
Loan
in
installments
of
$
1
,
000
,
000
on
the
last
day
of
each
of
May
,
June
and
July
2017
(
the
Amortization
Payments
)
.
The
Loan
may
be
prepaid
in
whole
or
in
part
at
any
time
,
without
payment
of
any
penalty
or
premium
.
Notwithstanding
any
provision
to
the
contrary
in
this
Agreement
,
upon
the
Closing
Date
,
as
defined
in
the
Summit
II
Purchase
Agreement
(
as
amended
,
supplemented
or
otherwise
modified
,
the
Summit
II
PSA
Closing
Date
)
,
the
Loan
shall
be
deemed
paid
in
full
and
the
Borrower
shall
have
no
further
obligations
with
respect
thereto
,
except
for
unpaid
interest
accrued
and
payable
in
cash
under
Section
3
(
a
)
(
i
)
,
Section
3
(
a
)
(
ii
)
,
Section
3
(
b
)
(
i
)
and
Section
3
(
b
)
(
ii
)
prior
to
the
Summit
II
PSA
Closing
Date
,
which
shall
be
due
and
payable
on
the
Summit
II
PSA
Closing
Date
.
If
the
closing
of
the
acquisition
contemplated
by
the
Summit
II
Purchase
Agreement
does
not
occur
under
the
revised
terms
of
the
Summit
II
PSA
Amendment
,
then
the
full
amount
of
the
Loan
shall
become
due
and
payable
on
the
Maturity
Date
.