Amortization of Principal. Except as expressly set forth in this Note, there is no requirement to amortize or otherwise repay the principal amount of this Note prior to the Maturity Date.
Amortization of Principal. Commencing on the date that is one-hundred and eighty (180) days after the Original Issue Date, and continuing on the 1st day of each of the following twelve (12) successive months thereafter (each an “Amortization Payment Date”), the Company shall redeem this Note and interest according to Schedule 2(a) (each, an “Amortization Payment”), subject to the provisions of the Exchange Agreement with respect to payments due on any day that is not a Business Day being due on the next Business Day. Each Amortization Payment shall, at the option of the Company, be made in whole or in part, in immediately available Dollars equal to the sum of the Amortization Payment provided for in Schedule 2(a), or, subject to the Company complying with the Equity Conditions on the date of such Amortization Payment, in Common Stock issued at 95% of the lowest VWAP in the prior ten (10) Trading Days prior to such Amortization Payment (the “Amortization Conversion Price”) but in no event shall Common Stock be used to make such Amortization Payment if the Amortization Conversion Price is less than $2.00. On each Amortization Payment Date, any Amortization Payment made in Dollars will be subject to a five percent (5%) premium on such payment.
Amortization of Principal. The Company will pay:
Amortization of Principal. The dates of payment of interest and amortizations of principal of the Fixed Income B Bond, as well as the amounts to be paid in each case, are as shown in the Amortization Table indicated in Part c.iv.- below.
Amortization of Principal. If the Credit Agreement requires that EAT make any principal payments to the Lender, Exchangor shall make such principal payments on behalf of EAT directly to the Lenderin a timely manner and each payment shall be accounted for between Exchangor and EATas an interest-free and unsecured loan from Exchangor to EAT. Neither EAT nor the sole member of EAT shall have any obligation to repay the loan obligations incurred by EAT, except as otherwise provided in this Section 1.3.4.
Amortization of Principal. On the last Business Day of each March, June, September and December ending on or after March 31, 2023, Borrower shall repay the Term Loan in quarterly installments as specified in the table below which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.6(c), unless accelerated sooner pursuant to Section 9.1: Payment Dates Principal Repayment Installments March 31, 2023 $1,562,500.00 June 30, 2023 $1,562,500.00 September 30, 2023 $1,562,500.00 December 31, 2023 $1,562,500.00 March 31, 2024 $1,562,500.00 June 30, 2024 $1,562,500.00 September 30, 2024 $1,562,500.00 December 31, 2024 $1,562,500.00 provided, however, that if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.
Amortization of Principal. On the last Business Day of each March, June, September and December ending on or after September 30, 2023, Borrower shall repay the Term Loan in quarterly installments as specified in the table below which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.6(c), unless accelerated sooner pursuant to Section 9.1: Payment Dates Principal Repayment Installments on Initial Term Loans and Additional Term Loans Principal Repayment Installments on 2023 Term Loans Principal Repayment Installments on 2024 Term Loans Principal Repayment Installments on JS Loans December 29, 2023 $2,062,500.00 $0 $0 $0 March 28, 2024 $2,062,500.00 $0 $0 $0 June 28, 2024 $2,062,500.00 $625,000.00 $0 $0 September 30, 2024 $2,062,500.00 $625,000.00 $199,617.97 $266,157.29 December 31, 2024 $2,062,500.00 $625,000.00 $199,617.97 $266,157.29
Amortization of Principal. The Fixed Income B Bond shall be paid in accordance with the Amortization Schedule indicated in Part iv.- below.
Amortization of Principal. The amortization of principal associated with this Credit Facility shall be made as follows: Month Amortization of Principal March 31 $ 8,000 April 30 16,000 May 31 16,000 June 30 16,000 July 31 16,000 August 31 16,000 September 30 16,000 October 31 16,000 November 30 16,000
Amortization of Principal. At the written election of the Majority Holders, the Borrower shall repay $200,000 of the aggregate Principal Amount of all of the outstanding Initially Issued Notes (as defined below) on the first of each month commencing on August 9, 2022 and continuing through the Maturity Date (each, an “Amortization Payment Date”), together with (i) accrued and unpaid Interest from, and including, the last Interest Payment Date to, but excluding, the applicable Amortization Payment Date and (ii) one-half of the Interest Make-Whole Payment that would be due if such $200,000 of the aggregate Principal Amount of all of the outstanding Initially Issued Notes repaid were converted with a Conversion Date on such Amortization Payment Date (clauses (i) and (ii), together with the Principal Amount to be repaid, an “Amortization Payment”). Any written election pursuant to this Section 2(b) shall be delivered to the Borrower (with a copy to the Holder Representative) at least three (3) Business Days before the applicable Amortization Payment Date, which shall include the calculation of the Amortization Payment in reasonable detail. Each Amortization Payment shall, at the option of the Borrower, be payable in cash or, subject to satisfaction of the Equity Payment Conditions and to the limitations set forth in Section 5, in shares of Common Stock (together with cash in lieu of any fractional share) at a value per share of Common Stock equal to the Amortization/Interest Conversion Price. The Borrower initially elects to settle any Amortization Payment in shares of Common Stock (together with cash in lieu of any fractional share based on the Amortization/Interest Conversion Price); provided that the Borrower shall be deemed to have elected to settle any Amortization Payment in cash to the extent specified in Section 5. In order to change its election to pay any Amortization Payment in cash or in Common Shares (together with cash in lieu of any fractional share based on the Amortization/Interest Conversion Price), the Borrower must send a notice of such election to the Holder (with a copy to the Holder Representative), and such change in election shall become effective for Amortization Payment Dates more than ten (10) Trading Days following the receipt of such notice by the Holder. With respect to each Amortization Payment, the Holder shall receive a pro rata amount of the cash, Common Shares or combination of cash and Common Shares paid or delivered by the Borrower according to the ...
