Amendment to Notes. (a) The last sentence of the first paragraph of each Note shall be deleted and the following shall be inserted in lieu thereof: “All unpaid principal, together with any then unpaid and accrued interest and other amounts payable hereunder, shall be due and payable on the earlier of (i) November 14, 2013, (ii) a Change of Control or (iii) when, upon or after the occurrence of an Event of Default (as defined below), such amounts are declared due and payable by Investor or made automatically due and payable in accordance with the terms hereof (such date upon which all amounts payable hereunder are due is referred to herein as the “Maturity Date”).” (b) The Maturity Date as defined in any Additional Note issued on the date hereof or hereafter shall be the same as provided in the Notes, as hereby amended.
Appears in 2 contracts
Samples: Convertible Secured Subordinated Note Purchase Agreement (Smart Online Inc), Convertible Secured Subordinated Note Purchase Agreement (Smart Online Inc)
Amendment to Notes. (a) The last sentence of the first paragraph of each Note shall be deleted and the following shall be inserted in lieu thereof: “All unpaid principal, together with any then unpaid and accrued interest and other amounts payable hereunder, shall be due and payable on the earlier of (i) November 14, 20132020, (ii) a Change of Control or (iii) when, upon or after the occurrence of an Event of Default (as defined below), such amounts are declared due and payable by Investor or made automatically due and payable in accordance with the terms hereof (such date upon which all amounts payable hereunder are due is referred to herein as the “Maturity Date”).”
(b) The Maturity Date as defined in any Additional Note issued on the date hereof or hereafter shall be the same as provided in the Notes, as hereby amended.
Appears in 1 contract
Samples: Convertible Secured Subordinated Note Purchase Agreement (MobileSmith, Inc.)
Amendment to Notes. (a) The last sentence of the first paragraph of each Note shall be deleted and the following shall be inserted in lieu thereof: “All unpaid principal, together with any then unpaid and accrued interest and other amounts payable hereunder, shall be due and payable on the earlier of of
(i) November 14, 20132018, (ii) a Change of Control or (iii) when, upon or after the occurrence of an Event of Default (as defined below), such amounts are declared due and payable by Investor or made automatically due and payable in accordance with the terms hereof (such date upon which all amounts payable hereunder are due is referred to herein as the “Maturity Date”).”
(b) The Maturity Date as defined in any Additional Note issued on the date hereof or hereafter shall be the same as provided in the Notes, as hereby amended.
Appears in 1 contract
Samples: Convertible Secured Subordinated Note Purchase Agreement (MobileSmith, Inc.)
Amendment to Notes. (a) The last sentence of the first paragraph of each Note shall be deleted and the following shall be inserted in lieu thereof: “All unpaid principal, together with any then unpaid and accrued interest and other amounts payable hereunder, shall be due and payable on the earlier of (i) November 14, 20132016, (ii) a Change of Control or (iii) when, upon or after the occurrence of an Event of Default (as defined below), such amounts are declared due and payable by Investor or made automatically due and payable in accordance with the terms hereof (such date upon which all amounts payable hereunder are due is referred to herein as the “Maturity Date”).”
(b) The Maturity Date as defined in any Additional Note issued on the date hereof or hereafter shall be the same as provided in the Notes, as hereby amended.
Appears in 1 contract
Samples: Convertible Secured Subordinated Note Purchase Agreement (Smart Online Inc)
Amendment to Notes. (a) The last sentence of the first paragraph of each Note shall be deleted and the following shall be inserted in lieu thereof: “All unpaid principal, together with any then unpaid and accrued interest and other amounts payable hereunder, shall be due and payable on the earlier of of
(i) November 14, 20132022, (ii) a Change of Control or (iii) when, upon or after the occurrence of an Event of Default (as defined below), such amounts are declared due and payable by Investor or made automatically due and payable in accordance with the terms hereof (such date upon which all amounts payable hereunder are due is referred to herein as the “Maturity Date”).”
(b) The Maturity Date as defined in any Additional Note issued on the date hereof or hereafter shall be the same as provided in the Notes, as hereby amended.
Appears in 1 contract
Samples: Convertible Secured Subordinated Note Purchase Agreement (MobileSmith, Inc.)