Amortization Payments. Starting on the six-month anniversary and ending on the eighteen-month anniversary of the issuance date of this Note, on the 15th and 30th date of each month therein (each an “Amortization Payment Date”), the Borrower shall redeem one-twenty-fourth (1/24th) of the face amount of this Note and guaranteed interest (each, an “Amortization Payment”) in accordance with the attached Amortization Schedule (Appendix A). Each Amortization Payment shall, at the option of the Company, be made in cash or Common Stock or a combination thereof pursuant to the Amortization Conversion Rate; provided, however, that in the event that all of the Equity Conditions are not met on that certain Amortization Payment Date, such payment in cash or Common Stock or some combination thereof shall be at the Holder’s option. In respect of payments made in cash, the prepayment premium, as set forth in Section 2(e), below shall apply. Notwithstanding the above, or anything to the contrary in this Note,
i. upon the mutual written consent of the Company and the Purchaser, at any time prior to an Amortization Payment becoming due and payable, the Company and the Purchaser may agree that the Company may delay any such amortization payment by up to three weeks from its due day if such delay is accompanied by an additional 3% discount of the then-applicable Amortization Conversion Rate. In connection therewith, upon not less than three day’s written notice, the Purchaser may request that the Company delay payment of the next succeeding Amortization Payment by up to 45 days, subject to a further one-day written notice thereafter by the Purchaser for payment thereof or, at the Purchaser’s sole option, for conversion of some or all of such Amortization Payment into shares of the Company’s common stock. The Purchaser’s exercise, by itself, of any such delay option shall not result in any additional discount of the then-applicable Amortization Conversion Rate. The Company hereby unconditionally and irrevocably agrees to permit the Purchaser to exercise each and every such delay option.
ii. the Purchaser, upon written notice to the Company, may, at any time or from time to time, request that the Company accelerate payment of the lesser of (i) thirty percent (30%) of the original principal amount of the Note and all accrued but unpaid interest thereon or (ii) the then-outstanding principal and all accrued but unpaid interest thereon; provided, however, that such accelerated payment(s), if any, (a) sha...
Amortization Payments. The Company shall make three payments (each an “Amortization Payment”) as follows: on the six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the Equity Conditions provided in Section 2(d), below.
Amortization Payments. Starting on the six (6) month anniversary of the Original Issuance Date and continuing on each of the following six (6) successive months thereafter (each and "Amortization Payment Date"), the Borrower shall redeem one-fourth (1/6) of the face amount of this Note and guaranteed interest (each, an "Amortization Payment") in accordance with the attached Amortization Schedule (Appendix A). Each Amortization Payment shall, at the option of the Borrower, be made in cash or, subject to the Borrower complying with the Equity Conditions be made in Common Stock pursuant to the Amortization Conversion Rate.
Amortization Payments. If no other repayments or conversion are made, Borrower shall make ten equal amortization payments (each an “Amortization Payment”) of $61,600.00 in cash to the Holder towards the repayment of the principal amount under this Note, on the first day of each month starting in the third month after closing of this Note. In the event any portion of the Note is converted to shares or repaid beforehand, the remaining principal shall be amortized in equal amounts over the remaining months. For the avoidance of doubt, the 120% repayment premium as further provided for in Section 1.9 of this Note shall not apply to any repayment of the Note under this Section 4.16 prior to the occurrence of an Event of Default.
Amortization Payments. Starting on the third month after the Original Issue Date and continuing on each of the following nine (9) successive months thereafter (each and “Amortization Payment Date”), the Company shall redeem one-tenth (1/10th) of the face amount of this Note and interest (each, an “Amortization Payment”) in accordance with the attached Amortization Schedule (Appendix A) on the 1st day of each month or if such day is not a Business Day on the next Business day. Each Amortization Payment shall, at the option of the Company, be made in cash or, subject to the Company complying with the Equity Conditions be made in Common Stock pursuant to the Amortization Conversion Rate; provided that the Equity Conditions shall not be required to be complied with for Amortization Payments prior to the six month anniversary of this Note.
Amortization Payments. The Borrower shall make the following amortization payments (each an “Amortization Payment”) in cash to the Holder towards the repayment of this Note, as provided in the following table: Payment Date: Payment Amount: 11/30/2020 $250,000.00 12/31/2020 $51,041.66 1/29/2021 $51,041.66 2/26/2021 $51,041.66 3/31/2021 $51,041.66 4/30/2021 $51,041.66 5/31/2021 $51,041.66 6/30/2021 $51,041.66 7/30/2021 $51,041.66 8/31/2021 $51,041.66 9/30/2021 $51,041.66 10/29/2021 $51,041.66 11/30/2021 $51,041.74
(a) With respect to the second Amortization Payment originally due on December 31, 2020 (the “Second Amortization Payment”), the Company may notify the Holder on or before December 31, 2020, that the Company is electing to extend the due date of the Second Amortization Payment to January 29, 2021 (the “Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Second Amortization Payment Extension, then the Second Amortization Payment shall be due on January 29, 2021 and the Company shall pay $5,104.16 (the “Second Amortization Payment Extension Fee”) to the Holder on or before December 31, 2020. For the avoidance of doubt, the Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Second Amortization Payment Extension if an Event of Default occurs under the Note.
(b) If the Company exercised the Second Amortization Payment Extension and fully complied with Section 4.17(a) of this Note, then the Company may notify the Holder on or before January 29, 2021, that the Company is electing to further extend the due date of the Second Amortization Payment to February 26, 2021 (the “Additional Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Additional Second Amortization Payment Extension, then the Second Amortization Payment shall be due on February 26, 2021 and the Company shall pay $5,104.16 (the “Additional Second Amortization Payment Extension Fee”) to the Holder on or before January 29, 2021. For the avoidance of doubt, the Additional Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Additional Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the...
Amortization Payments. Borrower, each other Obligor and Lender agree that any and all minimum monthly amortization payments due and owing under Section 2.6(a) of the Credit Agreement will be suspended until the Maturity Date; provided, however, that, notwithstanding the foregoing, any and all equity funding received by Borrower or any of its Affiliates (other than the Preferred Convertible Equity Raise, which is otherwise addressed in Section 2 hereof) or any cash flow or insurance proceeds received by Borrower on or before the Maturity Date shall be paid to Lender in accordance with the terms, including without limitation, Section 2.10, of the Credit Agreement, as amended hereby, to be applied against the Obligations.
Amortization Payments. Each Delayed Draw Term Loan shall amortize based on the same percentage as the initial Term Loan as specified in Section 2.05(b) (and may include customary adjustments to provide for the “fungibility” of the Delayed Draw Term Loans with the initial Term Loans), beginning on the last day of the first full calendar quarter after such Delayed Draw Term Loan is made and on the last day of each calendar quarter thereafter, with the remaining principal amount of such Delayed Draw Term Loan then outstanding due and payable in full on the Term Loan Maturity Date.
Amortization Payments. Starting on April __, 2015 [six months from Original Issuance Date], the Company shall repay this Debenture and any accrued but unpaid interest in accordance with the Amortization Schedule attached as Appendix A (each, an “Amortization Payment”). Each Amortization Payment shall, at the option of the Company, be made in cash or, subject to the Equity Conditions, in Common Stock pursuant to the Amortization Conversion Rate. Notwithstanding any provision in this Debenture to the contrary, the Company will not be required to make any Amortization Payment to the extent any such Amortization Payment would result in the Company making aggregate Amortization Payments in an amount greater than the Note Balance Any outstanding unpaid principal and accrued interest (as of the Maturity Date) on this Debenture will be due and payable on the Maturity Date and may be paid in cash (subject to a 30% premium), or, in the Company’s discretion (subject to the Equity Conditions) in Common Stock.
Amortization Payments. Subject to the adjustments pursuant to paragraph (c) of Section 2.10 of the Credit Agreement, the Borrower shall repay Initial Dollar Term Loans (including the Incremental Term Increase) on the last day of each March, June, September and December in the principal amount of Terms Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the next preceding Business Day:
(A) Payment Date (B) Amortization Payment
