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: 1/2/2021 $19,550.00 2/2/2021 $19,550.00 3/2/2021 $19,550.00 4/2/2021 $19,550.00 5/3/2021 $19,550.00 6/2/2021 $19,550.00 7/2/2021 $19,550.00 8/2/2021 $19,550.00 9/2/2021 $19,550.00 10/3/2021 $19,550.00 11/2/2021 $19,550.00 12/2/2021 $19,550.00 1/2/2022 $19,550.00 (a) With respect to the second Amortization Payment originally due on February 2, 2021 (the “Second Amortization Payment”), the Company may notify the Holder on or before February 2, 2021, that the Company is electing to extend the due date of the Second Amortization Payment to March 2, 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 March 2, 2021 and the Company shall pay $1,955.00 (the “Second Amortization Payment Extension Fee”) to the Holder on or before February 2, 2021. 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 March 2, 2021, that the Company is electing to further extend the due date of the Second Amortization Payment to April 2, 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 April 2, 2021 and the Company shall pay $1,955.00 (the “Additional Second Amortization Payment Extension Fee”) to the Holder on or before March 2, 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 Additional Second Amortization Payment Extension if an Event of Default occurs under the Note. (c) With respect to the third Amortization Payment originally due on March 2, 2021 (the “Third Amortization Payment”), the Company may notify the Holder on or before March 2, 2021, that the Company is electing to extend the due date of the Third Amortization Payment to April 2, 2021 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on April 2, 2021 and the Company shall pay $1,955.00 (the “Third Amortization Payment Extension Fee”) to the Holder on or before March 2, 2021. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note.
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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: 1/2/2021 11/30/2020 $19,550.00 2/2/2021 250,000.00 12/31/2020 $19,550.00 3/2/2021 51,041.66 1/29/2021 $19,550.00 4/2/2021 51,041.66 2/26/2021 $19,550.00 5/3/2021 51,041.66 3/31/2021 $19,550.00 6/2/2021 51,041.66 4/30/2021 $19,550.00 7/2/2021 51,041.66 5/31/2021 $19,550.00 8/2/2021 51,041.66 6/30/2021 $19,550.00 9/2/2021 51,041.66 7/30/2021 $19,550.00 10/3/2021 51,041.66 8/31/2021 $19,550.00 11/2/2021 51,041.66 9/30/2021 $19,550.00 12/2/2021 51,041.66 10/29/2021 $19,550.00 1/2/2022 51,041.66 11/30/2021 $19,550.0051,041.74
(a) With respect to the second Amortization Payment originally due on February 2December 31, 2021 2020 (the “Second Amortization Payment”), the Company may notify the Holder on or before February 2December 31, 20212020, that the Company is electing to extend the due date of the Second Amortization Payment to March 2January 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 March 2January 29, 2021 and the Company shall pay $1,955.00 5,104.16 (the “Second Amortization Payment Extension Fee”) to the Holder on or before February 2December 31, 20212020. 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 March 2January 29, 2021, that the Company is electing to further extend the due date of the Second Amortization Payment to April 2February 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 April 2February 26, 2021 and the Company shall pay $1,955.00 5,104.16 (the “Additional Second Amortization Payment Extension Fee”) to the Holder on or before March 2January 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 Additional Second Amortization Payment Extension if an Event of Default occurs under the Note.
(c) With respect to the third Amortization Payment originally due on March 2January 29, 2021 (the “Third Amortization Payment”), the Company may notify the Holder on or before March 2January 29, 2021, that the Company is electing to extend the due date of the Third Amortization Payment to April 2February 26, 2021 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on April 2February 26, 2021 and the Company shall pay $1,955.00 5,104.16 (the “Third Amortization Payment Extension Fee”) to the Holder on or before March 2January 29, 2021. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note.
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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: 1/2/2021 4/23/2021 $19,550.00 2/2/2021 35,000.00 5/24/2021 $19,550.00 3/2/2021 35,000.00 6/24/2021 $19,550.00 4/2/2021 35,000.00 7/23/2021 $19,550.00 5/3/2021 35,000.00 8/24/2021 $19,550.00 6/2/2021 35,000.00 9/24/2021 $19,550.00 7/2/2021 35,000.00 10/22/2021 $19,550.00 8/2/2021 35,000.00 11/24/2021 $19,550.00 9/2/2021 35,000.00 12/21/2021 $19,550.00 10/3/2021 $19,550.00 11/2/2021 $19,550.00 12/2/2021 $19,550.00 1/2/2022 $19,550.0035,000.00
(a) With respect to the first Amortization Payment originally due on April 23, 2021 (the “First Amortization Payment”), the Company may notify the Holder on or before April 23, 2021, that the Company is electing to extend the due date of the First Amortization Payment to May 24, 2021 (the “First Amortization Payment Extension”) as further provided herein. If the Company exercises the First Amortization Payment Extension, then the First Amortization Payment shall be due on May 24, 2021 and the Company shall pay $3,500.00 (the “First Amortization Payment Extension Fee”) to the Holder on or before April 23, 2021. For the avoidance of doubt, the First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the First Amortization Payment Extension if an Event of Default occurs under the Note.
(b) If the Company exercised the First Amortization Payment Extension and fully complied with Section 4.17(a) of this Note, then the Company may notify the Holder on or before May 24, 2021, that the Company is electing to further extend the due date of the First Amortization Payment to June 24, 2021 (the “Additional First Amortization Payment Extension”) as further provided herein. If the Company exercises the Additional First Amortization Payment Extension, then the First Amortization Payment shall be due on June 24, 2021 and the Company shall pay $3,500.00 (the “Additional First Amortization Payment Extension Fee”) to the Holder on or before May 24, 2021. For the avoidance of doubt, the Additional First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Additional First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Additional First Amortization Payment Extension if an Event of Default occurs under the Note.
(c) With respect to the second Amortization Payment originally due on February 2May 24, 2021 (the “Second Amortization Payment”), the Company may notify the Holder on or before February 2May 24, 2021, that the Company is electing to extend the due date of the Second Amortization Payment to March 2June 24, 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 March 2June 24, 2021 and the Company shall pay $1,955.00 3,500.00 (the “Second Amortization Payment Extension Fee”) to the Holder on or before February 2May 24, 2021. 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 March 2, 2021, that the Company is electing to further extend the due date of the Second Amortization Payment to April 2, 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 April 2, 2021 and the Company shall pay $1,955.00 (the “Additional Second Amortization Payment Extension Fee”) to the Holder on or before March 2, 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 Additional Second Amortization Payment Extension if an Event of Default occurs under the Note.
(c) With respect to the third Amortization Payment originally due on March 2, 2021 (the “Third Amortization Payment”), the Company may notify the Holder on or before March 2, 2021, that the Company is electing to extend the due date of the Third Amortization Payment to April 2, 2021 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on April 2, 2021 and the Company shall pay $1,955.00 (the “Third Amortization Payment Extension Fee”) to the Holder on or before March 2, 2021. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note.
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Samples: Securities Purchase Agreement (Ionix Technology, Inc.)
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: 1/2/2021 1/11/2021 $19,550.00 2/2/2021 13,853.21 2/12/2021 $19,550.00 3/2/2021 13,853.21 3/12/2021 $19,550.00 4/2/2021 13,853.21 4/12/2021 $19,550.00 5/3/2021 13,853.21 5/12/2021 $19,550.00 6/2/2021 13,853.21 6/11/2021 $19,550.00 7/2/2021 13,853.21 7/12/2021 $19,550.00 8/2/2021 13,853.21 8/12/2021 $19,550.00 9/2/2021 13,853.21 9/10/2021 $19,550.00 10/3/2021 13,853.21 10/12/2021 $19,550.00 11/2/2021 13,853.21 11/12/2021 $19,550.00 12/2/2021 13,853.21 12/10/2021 $19,550.00 1/2/2022 13,853.21 1/12/2022 $19,550.0013,853.21
(a) With respect to the second Amortization Payment originally due on February 212, 2021 (the “Second Amortization Payment”), the Company may notify the Holder on or before February 212, 2021, that the Company is electing to extend the due date of the Second Amortization Payment to March 212, 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 March 212, 2021 and the Company shall pay $1,955.00 1,385.32 (the “Second Amortization Payment Extension Fee”) to the Holder on or before February 212, 2021. 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 March 212, 2021, that the Company is electing to further extend the due date of the Second Amortization Payment to April 212, 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 April 212, 2021 and the Company shall pay $1,955.00 1,385.32 (the “Additional Second Amortization Payment Extension Fee”) to the Holder on or before March 212, 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 Additional Second Amortization Payment Extension if an Event of Default occurs under the Note.
(c) With respect to the third Amortization Payment originally due on March 212, 2021 (the “Third Amortization Payment”), the Company may notify the Holder on or before March 212, 2021, that the Company is electing to extend the due date of the Third Amortization Payment to April 212, 2021 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on April 212, 2021 and the Company shall pay $1,955.00 1,385.32 (the “Third Amortization Payment Extension Fee”) to the Holder on or before March 212, 2021. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note.
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Amortization Payments. The In addition to all other obligations under this Note, 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: 3/3/2022 Payment Amount: 1/2/2021 $19,550.00 2/2/2021 53,760.00 4/1/2022 $19,550.00 3/2/2021 53,760.00 5/3/2022 $19,550.00 4/2/2021 53,760.00 6/3/2022 $19,550.00 5/3/2021 53,760.00 7/1/2022 $19,550.00 6/2/2021 53,760.00 8/3/2022 $19,550.00 7/2/2021 53,760.00 9/2/2022 $19,550.00 8/2/2021 53,760.00 10/3/2022 $19,550.00 9/2/2021 53,760.00 11/3/2022 $19,550.00 10/3/2021 $19,550.00 11/2/2021 $19,550.00 12/2/2021 $19,550.00 1/2/2022 $19,550.0053,760.00
(a) With respect to the first Amortization Payment originally due on March 3, 2022 (the “First Amortization Payment”), the Company may notify the Holder on or before March 3, 2022, that the Company is electing to extend the due date of the First Amortization Payment to April 1, 2022 (the “First Amortization Payment Extension”) as further provided herein. If the Company exercises the First Amortization Payment Extension, then the First Amortization Payment shall be due on April 1, 2022 and the Company shall pay $5,376.00 (the “First Amortization Payment Extension Fee”) to the Holder on or before March 3, 2022. For the avoidance of doubt, the First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the First Amortization Payment Extension if an Event of Default occurs under the Note.
(b) With respect to the second Amortization Payment originally due on February 2April 1, 2021 2022 (the “Second Amortization Payment”), the Company may notify the Holder on or before February 2April 1, 20212022, that the Company is electing to extend the due date of the Second Amortization Payment to March 2May 3, 2021 2022 (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 March 2May 3, 2021 2022 and the Company shall pay $1,955.00 5,376.00 (the “Second Amortization Payment Extension Fee”) to the Holder on or before February 2April 1, 20212022. 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 March 2, 2021, that the Company is electing to further extend the due date of the Second Amortization Payment to April 2, 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 April 2, 2021 and the Company shall pay $1,955.00 (the “Additional Second Amortization Payment Extension Fee”) to the Holder on or before March 2, 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 Additional Second Amortization Payment Extension if an Event of Default occurs under the Note.
(c) With respect to the third Amortization Payment originally due on March 2May 3, 2021 2022 (the “Third Amortization Payment”), the Company may notify the Holder on or before March 2May 3, 20212022, that the Company is electing to extend the due date of the Third Amortization Payment to April 2June 3, 2021 2022 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on April 2June 3, 2021 2022 and the Company shall pay $1,955.00 5,376.00 (the “Third Amortization Payment Extension Fee”) to the Holder on or before March 2May 3, 20212022. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note.
Appears in 1 contract
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: 1/2/2021 $19,550.00 2/2/2021 $19,550.00 3/2/2021 $19,550.00 4/2/2021 $19,550.00 5/3/2021 $19,550.00 6/2/2021 $19,550.00 7/2/2021 $19,550.00 8/2/2021 $19,550.00 9/2/2021 $19,550.00 10/3/2021 $19,550.00 11/2/2021 $19,550.00 12/2/2021 $19,550.00 1/2/2022 $19,550.007/9/2021 $ 58,333.33 8/10/2021 $ 58,333.33 9/10/2021 $ 58,333.33 10/8/2021 $ 58,333.33 11/10/2021 $ 58,333.33 12/10/2021 $ 58,333.33 1/10/2022 $ 58,333.33 2/10/2022 $ 58,333.33 3/10/2022 $ 58,333.36
(a) With respect to the first Amortization Payment originally due on July 9, 2021 (the “First Amortization Payment”), the Company may notify the Holder on or before July 9, 2021, that the Company is electing to extend the due date of the First Amortization Payment to August 10, 2021 (the “First Amortization Payment Extension”) as further provided herein. If the Company exercises the First Amortization Payment Extension, then the First Amortization Payment shall be due on August 10, 2021 and the Company shall pay $5,833.33 (the “First Amortization Payment Extension Fee”) to the Holder on or before July 9, 2021. For the avoidance of doubt, the First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the First Amortization Payment Extension if an Event of Default occurs under the Note.
(b) If the Company exercised the First Amortization Payment Extension and fully complied with Section 4.17(a) of this Note, then the Company may notify the Holder on or before August 10, 2021, that the Company is electing to further extend the due date of the First Amortization Payment to September 10, 2021 (the “Additional First Amortization Payment Extension”) as further provided herein. If the Company exercises the Additional First Amortization Payment Extension, then the First Amortization Payment shall be due on September 10, 2021 and the Company shall pay $5,833.33 (the “Additional First Amortization Payment Extension Fee”) to the Holder on or before August 3, 2021. For the avoidance of doubt, the Additional First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Additional First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Additional First Amortization Payment Extension if an Event of Default occurs under the Note.
(c) With respect to the second Amortization Payment originally due on February 2August 10, 2021 (the “Second Amortization Payment”), the Company may notify the Holder on or before February 2August 10, 2021, that the Company is electing to extend the due date of the Second Amortization Payment to March 2September 10, 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 March 2September 10, 2021 and the Company shall pay $1,955.00 5,833.33 (the “Second Amortization Payment Extension Fee”) to the Holder on or before February 2August 10, 2021. 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 March 2, 2021, that the Company is electing to further extend the due date of the Second Amortization Payment to April 2, 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 April 2, 2021 and the Company shall pay $1,955.00 (the “Additional Second Amortization Payment Extension Fee”) to the Holder on or before March 2, 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 Additional Second Amortization Payment Extension if an Event of Default occurs under the Note.
(c) With respect to the third Amortization Payment originally due on March 2, 2021 (the “Third Amortization Payment”), the Company may notify the Holder on or before March 2, 2021, that the Company is electing to extend the due date of the Third Amortization Payment to April 2, 2021 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on April 2, 2021 and the Company shall pay $1,955.00 (the “Third Amortization Payment Extension Fee”) to the Holder on or before March 2, 2021. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note.
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Samples: Securities Purchase Agreement (Ionix Technology, Inc.)