Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Principal Amount, and (iii) third, the Principal Amount.
Appears in 5 contracts
Samples: Secured Convertible Term Note (Corgenix Medical Corp/Co), Convertible Note (Diametrics Medical Inc), Convertible Note Agreement (SiVault Systems, Inc.)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal Amount, and (iii) third, against the Principal Amount.
Appears in 4 contracts
Samples: Secured Convertible Note (Trend Mining Co), Secured Convertible Note (Trend Mining Co), Convertible Note (Bravo Foods International Corp)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, accrued interest on the Non-Amortizing Principal Amount and (iv) fourth, the Amortizing Principal Amount.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Petrol Oil & Gas Inc), Securities Purchase Agreement (Cci Group Inc), Secured Convertible Term Note (Trinity Learning Corp)
Application of Conversion Amounts. Any amounts converted by the Holder Purchaser pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountXxxxxx, and (iii) third, accrued interest on the Non-Amortizing Principal AmountXxxxxx and (iv) fourth, the Amortizing Principal Xxxxxx.
Appears in 2 contracts
Samples: Securities Purchase Agreement (It&e International Group), Secured Convertible Term Note (It&e International Group)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, accrued interest on the Non-Amortizing Principax Xxxxnt and (iv) fourth, the Amortizing Principal Amount.
Appears in 2 contracts
Samples: Secured Convertible Term Note (Creative Vistas Inc), Secured Convertible Term Note (Creative Vistas Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountAxxxxx, and (iii) third, accrued interest on the Non-Amortizing Principal AmountAxxxxx and (iv) fourth, the Amortizing Principal Axxxxx.
Appears in 2 contracts
Samples: Secured Convertible Term Note (Centurion Gold Holdings Inc), Secured Convertible Term Note (Catalyst Lighting Group Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountXxxxxx, and (iii) third, accrued interest on the Non-Amortizing Principal AmountXxxxxx and (iv) fourth, the Amortizing Principal Xxxxxx.
Appears in 2 contracts
Samples: Secured Convertible Term Note (Host America Corp), Secured Convertible Term Note (Centurion Gold Holdings Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, the Amortizing Principal Amount.
Appears in 2 contracts
Samples: Secured Convertible Term Note (Datalogic International Inc), Secured Convertible Term Note (Fast Eddie Racing Stables Inc)
Application of Conversion Amounts. Any amounts paid or converted by the Holder Borrower pursuant to Section 2.1(b) shall be deemed to constitute payments of, or of and applied against, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal AmountXxxxxx, and (iii) third, against the Principal AmountXxxxxx.
Appears in 1 contract
Samples: Convertible Note (Alpha Solarco Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, accrued interest xx xxe Non-Amortizing Principal Amountand (iv) fourth, the Amortizing Principal Amount.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder Purchaser pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, the Amortizing Principal Amount.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall will be deemed to constitute payments of, or applied against, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal AmountXxxxxx, and (iii) third, against the Principal AmountXxxxxx.
Appears in 1 contract
Samples: Convertible Note (Trend Mining Co)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued and unpaid interest on the Amortizing Principal AmountXxxxxx, and (iii) third, accrued and unpaid interest on the Non-Amortizing Principal AmountAmount and (iv) fourth, the Amortizing Principal Xxxxxx.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountXxxxxx, and (iii) third, accrued interest on the Non-Amortizing Principal AmountAmountand (iv) fourth, the Amortizing Principal Xxxxxx.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) 2.1 or paid by the Borrower shall be deemed to constitute payments of, or applied againstof and applied, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal AmountAxxxxx, and (iii) third, against the Principal AmountAxxxxx.
Appears in 1 contract
Samples: Convertible Note (Goldspring Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b2.1 (a), (b), or (c) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountXxxxxx, and (iii) third), the Amortizing Principal AmountXxxxxx.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder Holders pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountXxxxxx, and (iii) third, accrued interest on the Non-Restricted and Restricted Non-Amortizing Principal Amount and (iv) fourth, the Amortizing Principal Amount.
Appears in 1 contract
Samples: Secured Convertible Term Note (Corgenix Medical Corp/Co)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section Sections 2.1(b) or 2.1(c) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Principal Amount, and (iii) third, the outstanding Principal AmountXxxxxx.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section s 2.1(b) and 3.1 hereof shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountXxxxxx, and (iii) third, accrued interest on the Non-Amortizing Principal AmountXxxxxx and (iv) fourth, the Amortizing Principal Xxxxxx.
Appears in 1 contract
Samples: Secured Convertible Term Note (Cardiogenesis Corp /Ca)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal Amount, and axx (iiixxi) third, against the Principal Amount.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, accruex xxxxrest on the Non-Amortizing Principal Amount and (iv) fourth, the Xxxxxizing Principal Amount.
Appears in 1 contract
Samples: Secured Convertible Term Note (Datalogic International Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountAxxxxx, and (iii) third, the Amortizing Principal AmountAxxxxx.
Appears in 1 contract
Samples: Secured Convertible Term Note (Conversion Services International Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied againstapplied, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal Amount, and (iii) third, against the Principal Amount.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) 2.1 or paid by the Borrower shall be deemed to constitute payments of, or applied againstof and applied, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal AmountXxxxxx, and (iii) third, against the Principal AmountXxxxxx.
Appears in 1 contract
Samples: Convertible Note (Goldspring Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountAxxxxx, and (iii) third, accrued interest on the 3 of 13 Non-Amortizing Principal AmountAxxxxx and (iv) fourth, the Amortizing Principal Axxxxx.
Appears in 1 contract
Samples: Secured Convertible Term Note (Conversion Services International Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, the Principal Amortixxxx Xrincipal Amount.
Appears in 1 contract
Samples: Secured Convertible Term Note (Conversion Services International Inc)
