Common use of Amortization Payments Clause in Contracts

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. Starting on the third sixth month after the Original Issue Date and continuing on each of the following nine three (93) successive months thereafter (each and “Amortization Payment Date”), the Company shall redeem one-tenth fourth (1/10th1/4th) 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. Starting on the third month after the Original Issue Date and continuing on each of the following nine ten (910) 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. Starting on the third month after the Original Issue Date January 5, 2015 and continuing on the first Business Day of each of the following nine eight (9) 8) successive months thereafter (each and each, an “Amortization Payment Date”) (provided that, the ninth and final Amortization Payment Date will be on the one year anniversary of the Original Issue Date), the Company shall redeem one-tenth ninth (1/10th1/9th) of the face amount of this Note Debenture and interest (each, an “Amortization Payment”) in accordance with the attached Amortization Schedule (attached as Appendix A) on the 1st day of each month or if such day is not a Business Day on the next Business day. A. 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.