Common use of Amendments to the Promissory Note Clause in Contracts

Amendments to the Promissory Note. Effective immediately, the last sentence of the second paragraph of the Promissory Note shall be amended and restated to read in its entirety as follows: "The outstanding principal balance of this Note shall be due and payable on the earlier of (i) thirty (30) days after the termination of the Merger Agreement, if the Merger Agreement is terminated before June 1, 2012, (ii) August 1, 2012, or (iii) the date all obligations and indebtedness hereunder are accelerated in accordance with Section 2.2 hereof (the "Maturity Date").”

Appears in 2 contracts

Samples: Senior Secured Promissory Note (Blast Energy Services, Inc.), Senior Secured Promissory Note (Blast Energy Services, Inc.)

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Amendments to the Promissory Note. Effective immediately, The following amendments shall take effect upon the execution date of the Merger Agreement. i. The last sentence of the second paragraph of the Promissory Note shall be amended and restated to read in its entirety as follows: "The outstanding principal balance of this Note shall be due and payable on the earlier of (i) thirty (30) days after the termination of the Merger Agreement, if the Merger Agreement is terminated before June 1, 2012, (ii) June 1, 2012, if the Effective Merger Date has not occurred by such date, (iii) August 12, 2012, or (iiiiv) the date all obligations and indebtedness hereunder are accelerated in accordance with Section 2.2 hereof (the "Maturity Date").

Appears in 1 contract

Samples: Senior Secured Promissory Note (Blast Energy Services, Inc.)

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Amendments to the Promissory Note. Effective immediately, The following amendments shall take effect upon the execution of the Merger Agreement: a. The last sentence of the second paragraph of the Promissory Note shall be amended and restated to read in its entirety as follows: "The outstanding principal balance of this Note shall be due and payable on the earlier of (i) thirty (30) days after the termination of the Merger Agreement, if the Merger Agreement is terminated before June 1, 2012, (ii) June 1, 2012, if the Effective Merger Date has not occurred by such date, (iii) August 12, 2012, or (iiiiv) the date all obligations and indebtedness hereunder are accelerated in accordance with Section 2.2 hereof (the "Maturity Date").

Appears in 1 contract

Samples: Senior Secured Promissory Note (Blast Energy Services, Inc.)

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