Payment Terms Clause Example from Business Contracts

Payment Terms. Maker agrees to remit payment in full of all principal and any accrued but unpaid interest due hereunder to Holder on two days' written notice from Holder ("Maturity"). Interest on this Note shall be payable at Maturity to the Holder. Maker shall have the right to prepay this Note by paying all of the principal and accrued but unpaid interest owing under the Note at the time of prepayment. All payments shall be applied first to late charges, then to interest, then to principal and shall be credi...ted to the Maker's account on the date that such payment is physically received by the Holder. View More