Amendment to the Debenture Sample Clauses

Amendment to the Debenture. 1 3. RATIFICATION...........................................................1 4. COUNTERPARTS...........................................................1 5.
Sample 1
AutoNDA by SimpleDocs
Amendment to the Debenture. The Debenture is hereby amended by adding the words "or Morila Holdings" after the word "Company" in the first line of the definition of the term "Liabilities".
Sample 1
Amendment to the Debenture. Notwithstanding anything to the contrary in the Debenture, the Parties agree that the Floor Price can be reset to any dollar value that is not less than $0.746.
Sample 1
Amendment to the Debenture a. Maturity Date shall be March 31, 2010. b. The Debenture is hereby amended to DELETE in its entirety the Article 1 (a) and contemporaneously the Debenture is hereby amended to INSERT the following paragraph as the amended Article 1 (a): Commencing on the Issuance Date through and including September 30, 2008, the Company shall pay interest (“Interest”) at the rate of fourteen percent (14%) per annum, compounded daily, on the unpaid Face Amount of this Debenture at such times and in such amounts as outlined in this Article 1. Commencing on October 1, 2008 through and including March 31, 2009, the Interest shall increase to a rate of fifteen percent (15%) per annum, compounded daily, on the unpaid Face Amount of this Debenture and shall be payable at such times and in such amounts as outlined in this Article 1. Commencing on April 1, 2009 until such time as the Face Amount is paid in full, the Interest shall increase to a rate of sixteen percent (16%) per annum, compounded daily, on the unpaid Face Amount of this Debenture and shall be payable at such times and in such amounts as outlined in this Article 1. The Company shall make mandatory monthly payments of interest (the “Interest Payments”), in an amount equal to the interest accrued on the principal balance of the Debenture from the last Interest Payment until such time as the current Interest Payment is due and payable. The Interest Payments shall commence on March 31, 2007 ("First Payment Date") and shall continue until the Face Amount is paid in full. The Interest Payments shall be paid the last day of each month. The Holder shall retain the right, but not the obligation, to convert any Interest due and payable under this Debenture on terms outlined in Section 3 of this Debenture. c. The Debenture is hereby amended to DELETE in its entirety the Section 2.1 (a) of Article 2 and contemporaneously the Debenture is hereby amended to INSERT the following paragraph as the amended Section 2.1 (a): Commencing on the third (3rd) month following the First Payment Date, the Company shall make monthly amortizing payments to the Holder (the “Amortizing Payments”) of the Interest outlined in Article 1 hereof, plus the Face Amount, with such Amortizing Payments to be paid on the last business day of each month for so long as there is an outstanding balance on this Debenture, in the amount outlined below: i) Commencing on June 30, 2007 and for two months thereafter (for a total of three payments), fifteen thousand ...
Sample 1
Amendment to the Debenture. The Company and Holder agree that this Amendment constitutes an amendment to the Debenture. In the event of any conflict or inconsistency between the terms of this Amendment and the terms of the Debenture, the Company and Holder agree that the terms of this Amendment shall control.
Sample 1
Amendment to the Debenture. The last sentence of Section 8(e) of the Debenture is hereby deleted and restated in its entirety as follows: This Debenture may only be modified, supplemented or amended in a written instrument signed by the Company and the Holders holding a majority in interest of the Debentures then outstanding; provided, however, that no provision of this Debenture may be modified, supplemented or amended without the express written consent of each Holder (or group of Holders under common control) then holding Debentures in aggregate principal amount of $1,750,000 or greater.
Sample 1
Amendment to the Debenture 
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs

Related to Amendment to the Debenture

  • Amendment to the Loan Agreement Section 3.1 of the Loan Agreement shall be amended and restated as follows:

  • Amendment to Purchase Agreement Section 1.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment to Note By executing this Agreement, the Borrower and the Lender hereby agree and acknowledge that Section 1 of the Note is hereby amended by deleting "September 30, 2002" and inserting in the place of such deletion "October 31, 2002."

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:

  • Amendment to the Agreement Pursuant to Section 8.3 of the Agreement, Section 2.1 of the Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment to Rights Agreement Section 1(w) of the Agreement is hereby amended by deleting it in its entirety and replacing it with the following:

  • AMENDMENT TO SECTION 1.1

  • FIRST AMENDMENT TO LEASE This First Amendment to Lease (this “Amendment”), made as of March 16, 2006, by and between ARE-MA REGION NO. 28, LLC, a Delaware limited liability company (“Landlord”) and ALNYLAM PHARMACEUTICALS, INC., a Delaware corporation (“Tenant”).

  • Amendment to Lease If Tenant timely exercises Tenant’s right to lease the Availability Premises or any portion thereof as set forth herein, then, within fifteen (15) days thereafter, Landlord and Tenant shall execute an amendment adding such Availability Premises to this Lease upon the same terms and conditions as the Initial Premises, except as otherwise set forth in this Section 1.4 or the Availability Notice, and provided that the terms of the Tenant Work Letter shall not apply with respect to the Availability Premises (except as otherwise provided in Section 1.4.5, above); provided, however, an otherwise valid exercise of Tenant’s right of availability shall be of full force and effect irrespective of whether such amendment is ever signed by Landlord and Tenant. Except to the extent inconsistent with the determination of Availability Premises Rent, all provisions of the Lease which vary based upon the rentable and usable square footage of the Premises shall be adjusted to reflect the addition of such Availability Premises to the Premises; provided, however, the L-C Amount shall be increased pursuant to the terms of Section 21.7 of this Lease, below. The rentable square footage of such Availability Premises shall be determined in accordance with the terms of Section 1.2 of this Lease. To the extent Tenant exercises its right of first offer with respect to any portion of the Availability Premises during the first (1st) year after the Lease Commencement Date, Tenant shall commence payment of Availability Premises Rent and Excess as to such space to Landlord upon that date (the “Availability Premises Rent Commencement Date”) which is two hundred ten (210) days after the later of the delivery date set forth in the Availability Notice and the date Landlord delivers the Availability Premises in the Delivery Condition (the “Availability Premises Lease Commencement Date”). To the extent Tenant exercises its right of availability with respect to any portion of the Availability Premises anytime after the first (1st) anniversary of the Lease Commencement Date, the Availability Premises Rent Commencement Date shall occur one hundred eighty (180) days after the Availability Premises Lease Commencement Date. In all cases, the lease term of the Availability Premises (or any portion thereof) shall expire on the Lease Expiration Date, subject to extension of this Lease; provided, however, in the event the remaining Lease Term is less than thirty-six (36) months from the applicable Availability Premises Rent Commencement Date, then the Lease Term shall be extended for a period of time sufficient for Tenant’s lease of the Premises to be coterminous with Tenant’s lease of the Availability Premises (which shall be thirty-six (36) months from the applicable Availability Premises Rent Commencement Date), and the base rental rate for the Premises during this extended period shall be adjusted to Market Rent for the Premises determined in accordance with Section 2.2.4 and the Base Year shall be the year in which the Lease would have otherwise expired (if on or before July 31) or the following year (if after July 31). This extension shall have no impact on Tenant’s extension rights hereunder, which may be exercised at the end of the extended Lease Term. This Lease shall commence as to the Availability Premises (and references to Premises shall include the applicable Availability Premises) on the Availability Premises Lease Commencement Date.

  • Amendments to the Purchase Agreement (a) Section 1.6 of the Purchase Agreement is hereby amended and restated in its entirety as follows:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!