Amendments to the Purchase Agreement. (a) Clause (d) of Section 2.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows: (d) payment of proceeds invested by any purchaser other than Edgewater at one or more Subsequent Closings, which proceeds may, at Edgewater's sole discretion, be used solely to pay $1,600,000 of the outstanding principal amount of the Substitute Note issued to Edgewater hereunder ("Edgewater Special Debt"), plus any accrued interest thereon, until such time as the Edgewater Special Debt, plus accrued interest thereon, has been paid in full or otherwise converted in accordance with Section 2.7 hereof, after which time, any remaining proceeds shall be used for any other purpose set forth in this Section 2.3."
Appears in 2 contracts
Samples: Note and Preferred Stock Purchase Agreement (Epicedge Inc), Note and Preferred Stock Purchase Agreement (Edgewater Iii Management Lp)
Amendments to the Purchase Agreement. (a) Clause (d) of Section 2.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:
(d) payment of proceeds invested by any purchaser other than Edgewater at one or more Subsequent Closings, which proceeds may, at Edgewater's sole discretion, be used solely to pay $1,600,000 1,850,000 of the outstanding principal amount of the Substitute Note issued to Edgewater hereunder ("Edgewater Special Debt"), plus any accrued interest thereon, until such time as the Edgewater Special Debt, plus accrued interest thereon, has been paid in full or otherwise converted in accordance with Section 2.7 hereof, after which time, any remaining proceeds shall be used for any other purpose set forth in this Section 2.3."
Appears in 2 contracts
Samples: Note and Preferred Stock Purchase Agreement (Edgewater Iii Management Lp), Note and Preferred Stock Purchase Agreement (Epicedge Inc)
Amendments to the Purchase Agreement. (a) Clause (d) of Section 2.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:
(d) payment of proceeds invested by any purchaser other than Edgewater at one or more Subsequent Closings, which proceeds may, at Edgewater's sole discretion, be used solely to pay $1,600,000 2,100,000 of the outstanding principal amount of the Substitute Note issued to Edgewater hereunder ("Edgewater Special Debt"), plus any accrued interest thereon, until such time as the Edgewater Special Debt, plus accrued interest thereon, has been paid in full or otherwise converted in accordance with Section 2.7 hereof, after which time, any remaining proceeds shall be used for any other purpose set forth in this Section 2.3."
Appears in 2 contracts
Samples: Note and Preferred Stock Purchase Agreement (Edgewater Iii Management Lp), Note and Preferred Stock Purchase Agreement (Epicedge Inc)
