Common use of Automatic Renewal Clause in Contracts

Automatic Renewal. If a Holder of such Security has not delivered a Repayment Election for repayment of the Security on or prior to the 15th day following the Maturity Date, and the Company did not notify the Holder of its intention to repay the Security in the Notice of Maturity, then such maturing Security shall be extended automatically for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security will be deemed to have the identical terms and provisions of the maturing Security, including provisions relating to payment, except that the interest rate payable during the term of the renewed Security shall be the interest rate which is being offered by the Company on other Securities having the same term and to Persons holding the same principal amount of Securities as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company on or before the Maturity Date of such Security, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added to the principal amount of the renewed Security upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of the earlier Repayment Election, or a Repayment Election, as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such post-effective amendment.

Appears in 4 contracts

Samples: Indenture (Aspirity Holdings LLC), Indenture (Multiband Corp), Indenture (Twin Cities Power Holdings, LLC)

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Automatic Renewal. If a Holder of such Security has not delivered a Repayment Election for repayment of the Security on or prior to the 15th day following the Maturity Date, and the Company did not notify the Holder of its intention to repay the Security in the Notice of Maturity, then such maturing Security shall be extended automatically for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security will be deemed to have the identical terms and provisions of the maturing Security, including provisions relating to payment, except that the interest rate payable during the term of the renewed Security shall be the interest rate which is being offered by the Company on other Securities having the same term and to Persons holding the same aggregate principal amount of Securities (including holdings of immediate family members, as described in the Prospectus) as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company on or before the Maturity Date of such Security, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added to the principal amount of the renewed Security upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of the earlier Repayment Election, or a Repayment Election, as the case may be, to the Company no later than 10 days following the postmark date on the Company’s 's notice of such post-effective amendment.

Appears in 2 contracts

Samples: Indenture (Zanett Inc), Indenture (Consumer Portfolio Services Inc)

Automatic Renewal. If If, within fifteen (15) days after the Maturity Date of a Security, a Holder of such Security has not delivered a Repayment Election for repayment of the Security on or prior to the 15th day following the Maturity DateSecurity, and the Company did not notify the Holder of its intention to repay the Security in the Notice of Maturity, then such maturing Security shall be extended automatically for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security, such that a new Security shall be deemed to have been issued as of such Maturity Date. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security will be deemed to have the identical terms and provisions of the maturing Security, including provisions relating to payment, except that the interest rate payable during the term of the renewed Security shall be the interest rate which is being offered by the Company on other for Securities having the same term and to Persons holding the same principal amount of investors with similar aggregate Securities portfolios as of the Issue Date of such renewal. If other Securities having the same term are not then being issued offered by the Company on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company on or before the Maturity Date of such Security, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (dSection 2.1(f) above, all accrued interest thereon shall be added to the principal amount of the renewed Security upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder The interest will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of paid on the earlier Repayment Election, or a Repayment Election, renewed Security in the same manner as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such post-effective amendmentmaturing Security.

Appears in 2 contracts

Samples: Indenture (Performance Home Buyers LLC), Indenture (Performance Home Buyers LLC)

Automatic Renewal. If a Holder of such Security has not delivered a Repayment Election for repayment of the Security on or prior to the 15th day following the Maturity Date, and the Company did not notify the Holder of its intention to repay the Security in the Notice of Maturity, then such maturing Security shall be extended automatically for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security will be deemed to have the identical terms and provisions of the maturing Security, including provisions relating to payment, except that the interest rate payable during the term of the renewed Security shall be the interest rate which is being offered by the Company on other Securities having the same term and to Persons holding the same aggregate principal amount of Securities (including holdings of immediate family members, as described in the Prospectus) as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company on or before the Maturity Date of such Security, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added to the principal amount of the renewed Security upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of the earlier Repayment Election, or a Repayment Election, as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such post-effective amendment.

Appears in 2 contracts

Samples: Indenture (Advanced Environmental Recycling Technologies Inc), Indenture (Winmark Corp)

Automatic Renewal. If If, within fifteen (15) days after the Maturity Date of a Security, a Holder of such Security has not delivered a Repayment Election for repayment of the Security on or prior to the 15th day following the Maturity DateSecurity, and the Company did not notify the Holder of its intention to repay the Security in the Notice of Maturity, then such maturing Security shall be extended automatically for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security, such that a new Security shall be deemed to have been issued as of such Maturity Date. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security will be deemed to have the identical terms and provisions of the maturing Security, including provisions relating to payment, except that the interest rate payable during the term of the renewed Security shall be the interest rate which is being offered by the Company on other Securities having the same term and to Persons holding the same principal amount of Securities as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company on or before the Maturity Date of such Security, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added to the principal amount of the renewed Security upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contraryIf such maturing Security has a different interest payment option, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder then interest will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of paid on the earlier Repayment Election, or a Repayment Election, renewed Security in the same manner as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such post-effective amendmentmaturing Security.

Appears in 2 contracts

Samples: Indenture (Onyx Acceptance Corp), Indenture (Onyx Acceptance Corp)

Automatic Renewal. If a Holder of such Security has not delivered a Repayment Election for repayment of the Security on or prior to the 15th day following the Maturity Date, and the Company did not notify the Holder of its intention to repay the Security in the Notice of Maturity, then such maturing Security shall be extended automatically for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security will be deemed to have the identical terms and provisions of the maturing Security, including provisions relating to payment, except that the interest rate payable during the term of the renewed Security shall be the interest rate which is being offered by the Company on other Securities having the same term and to Persons holding the same aggregate principal amount of Securities (including holdings of immediate family members, as described in the Prospectus) as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company on or before the Maturity Date of such Security, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added to the principal amount of the renewed Security upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a postPost-effective amendment to the Registration Statement Effective Amendment was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of the earlier Repayment Election, or a Repayment Election, as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such postPost-effective amendmentEffective Amendment.

Appears in 2 contracts

Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)

Automatic Renewal. If Unless otherwise expressly provided for a Holder particular Advertising Product in the Order accepted by HNN and except as provided below in this Agreement or the appropriate addendum, upon expiration of such Security has any term of a particular Advertising Product, this Agreement shall automatically renew with respect to that Advertising Product for a " Renewal Term " for a period equal in length to the Initial Term, unless the Customer or HNN notify the other of its intent not delivered a Repayment Election for repayment to renew in writing via certified mail, received at least five (5) days before expiration of the Security on or prior Initial Term. All Advertising Products provided during a Renewal Term will be subject to the 15th day following the Maturity Datethen-current terms and conditions, pricing and the Company did not notify the Holder other terms for Internet Advertising available on XXXX://XXXXXXXXXXXXXXX.XXX (such then current terms and conditions superseding and replacing these terms and conditions as part of its intention to repay the Security this Agreement). Unless otherwise provided in the Notice of MaturityOrder, then such maturing Security shall be extended automatically HNN will xxxx the Customer during the first applicable billing cycle at the time HNN fulfills the Customer’s order for an additional term equal to the original term, Advertising Product and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by xxxx the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security will be deemed to have the identical terms and provisions of the maturing Security, including provisions relating to payment, except that the interest rate payable Customer during each applicable billing cycle thereafter during the term of this Agreement. The billing cycle will be ninety (90) days unless otherwise provided in the renewed Security shall Order or as may be modified pursuant to prior written notice. HNN will xxxx the interest Customer for Advertising Products for which no rate which is being offered specified in the Order at HNN’S standard rates for such Advertising Products at the time that HNN provides such Advertising Products. Any rates specified in the Order will apply during the Initial Term only. Unless the Customer or HNN terminates this Agreement at the end of the Initial Term, the Customer will be invoiced for each billing cycle of any Renewal Term at HNN’S standard rates during such billing cycle for such Advertising Products. Such standard rates may be higher than the rates set forth on the Order. Payments are due on the due date specified on the invoice. HNN may remove any or all Advertising Product(s) and suspend any or all related services hereunder if payment is not received by the Company on other Securities having the same term and due date. The Customer’s prompt payment of any costs that HNN incurs to Persons holding the same principal amount suspend services or remove or cause removal of Securities as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company on or before the Maturity Date of such Security, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added to the principal amount of the renewed Security upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if madeAdvertising Products, or to make resume services or replace or cause replacement of Advertising Products will be a Repayment Electioncondition to HNN’S resumption of services and the replacement of Advertising Product. HNN may charge late payment fees that will accrue at HNN’S then-current standard rates or, if not previously madelower, by delivering a written rescission the maximum rate permitted under applicable law. The Customer agrees to pay any attorneys' fees and costs that HNN’S agents or HNN incurs in collecting any unpaid amount. The Customer will pay any sales, use or other local, state, federal, foreign or other taxes or governmental fees arising out of the earlier Repayment Electionor in connection with this Agreement, or a Repayment Election, as the case may be, to the Company no later other than 10 days following the postmark date taxes based on the Company’s notice of such post-effective amendmentHNN’S net income.

Appears in 2 contracts

Samples: Advertising Services Agreement, Advertising Services Agreement

Automatic Renewal. If Unless otherwise expressly provided for a Holder particular Advertising Product in the Order accepted by HNN and except as provided below in this Agreement or the appropriate addendum, upon expiration of such Security has any term of a particular Advertising Product, this Agreement shall automatically renew with respect to that Advertising Product for a " Renewal Term " for a period equal in length to the Initial Term, unless the Customer or HNN notify the other of its intent not delivered a Repayment Election for repayment to renew in writing via certified mail, received at least five (5) days before expiration of the Security on or prior Initial Term. All Advertising Products provided during a Renewal Term will be subject to the 15th day following the Maturity Datethen-current terms and conditions, pricing and the Company did not notify the Holder other terms for Internet Advertising available on XXXX://XXXXXXXXXXXXXXX.XXX (such then current terms and conditions superseding and replacing these terms and conditions as part of its intention to repay the Security this Agreement). Unless otherwise provided in the Notice of MaturityOrder, then such maturing Security shall be extended automatically HNN will bill the Customer during the first applicable billing cycle at the time HNN fulfills the Customer’s order for an additional term equal to the original term, Advertising Product and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by bill the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security will be deemed to have the identical terms and provisions of the maturing Security, including provisions relating to payment, except that the interest rate payable Customer during each applicable billing cycle thereafter during the term of this Agreement. The billing cycle will be ninety (90) days unless otherwise provided in the renewed Security shall Order or as may be modified pursuant to prior written notice. HNN will bill the interest Customer for Advertising Products for which no rate which is being offered specified in the Order at HNN’S standard rates for such Advertising Products at the time that HNN provides such Advertising Products. Any rates specified in the Order will apply during the Initial Term only. Unless the Customer or HNN terminates this Agreement at the end of the Initial Term, the Customer will be invoiced for each billing cycle of any Renewal Term at HNN’S standard rates during such billing cycle for such Advertising Products. Such standard rates may be higher than the rates set forth on the Order. Payments are due on the due date specified on the invoice. HNN may remove any or all Advertising Product(s) and suspend any or all related services hereunder if payment is not received by the Company on other Securities having the same term and due date. The Customer’s prompt payment of any costs that HNN incurs to Persons holding the same principal amount suspend services or remove or cause removal of Securities as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company on or before the Maturity Date of such Security, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added to the principal amount of the renewed Security upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if madeAdvertising Products, or to make resume services or replace or cause replacement of Advertising Products will be a Repayment Electioncondition to HNN’S resumption of services and the replacement of Advertising Product. HNN may charge late payment fees that will accrue at HNN’S then-current standard rates or, if not previously madelower, by delivering a written rescission the maximum rate permitted under applicable law. The Customer agrees to pay any attorneys' fees and costs that HNN’S agents or HNN incurs in collecting any unpaid amount. The Customer will pay any sales, use or other local, state, federal, foreign or other taxes or governmental fees arising out of the earlier Repayment Electionor in connection with this Agreement, or a Repayment Election, as the case may be, to the Company no later other than 10 days following the postmark date taxes based on the Company’s notice of such post-effective amendmentHNN’S net income.

Appears in 1 contract

Samples: Advertising Services Agreement

Automatic Renewal. If a Holder Service Provider’s subscription will continue indefinitely until terminated in accordance with the Agreement. After Service Provider’s initial subscription period, and again after any subsequent subscription period, Service Provider’s subscription will automatically commence on the first day following the end of such Security has not delivered period (each a Repayment Election “Renewal Commencement Date”) and continue for repayment of the Security on or an additional equivalent period, at Aniline’s then- current price for such subscription. Service Provider agrees that its Account will be subject to this automatic renewal feature unless its subscription is cancelled at least thirty (30) days prior to the 15th day following Renewal Commencement Date (or in the Maturity Dateevent that Service Provider receives a notice from Aniline that its subscription will be automatically renewed, Service Provider will have thirty (30) days from the date of the Aniline notice). If Service Provider does not wish its subscription to renew automatically, or if Service Provider wants to change or terminate its subscription, please contact Aniline at xxxxxxxx@xxxxxxx.xx. If Service Provider cancels its subscription, Service Provider may use its subscription until the end of its then-current subscription term; Service Provider’s subscription will not be renewed after its then-current term expires. However, Service Provider will not be eligible for a prorated refund of any portion of the subscription fee paid for the then-current subscription period. By subscribing, Service Provider authorizes Aniline to charge its Payment Provider now, and again at the Company did not notify the Holder beginning of any subsequent subscription period for its intention to repay the Security in the Notice of Maturity, then such maturing Security shall be extended automatically for an additional term equal subscription access to the original termServices. Upon renewal of your subscription, if Aniline does not receive payment from Service Provider’s Payment Provider, (a) Service Provider agrees to pay all amounts due on its Account upon demand and/or (b) Service Provider agrees that Aniline may either terminate or suspend its subscription and continue to attempt to charge its Payment Provider until payment is received (upon receipt of payment, the premium version of Service Provider’s Account will be activated and for purposes of automatic renewal, and shall be deemed to be renewed by the Holder and the Company its new subscription commitment period will begin as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing Securitypayment was received). Such renewed Security will be deemed to have the identical terms and provisions of the maturing Security, including provisions relating to payment, except that the interest rate payable during the term of the renewed Security shall be the interest rate which is being offered by the Company on other Securities having the same term and to Persons holding the same principal amount of Securities as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company on or before the Maturity Date of such Security, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added to the principal amount of the renewed Security upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of the earlier Repayment Election, or a Repayment Election, as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such post-effective amendment.

Appears in 1 contract

Samples: Service Provider Marketplace Terms of Service Agreement

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Automatic Renewal. If a Holder of such Security Note has not delivered a Repayment Election for repayment of the Security Note on or prior to the 15th fifteenth (15th) day following after the Maturity Date, and the Company did not notify the Holder of its intention to repay the Security Note in the Notice of Maturity, then such maturing Security Note shall be extended automatically for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing SecurityNote. A maturing Security Note will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security Note to be renewed in the any Notice of Maturity. Interest on the renewed Security Note shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing SecurityNote). Such renewed Security Note will be deemed to have the identical terms and provisions of the maturing SecurityNote, including provisions relating to payment, except that the interest rate payable during the term of the renewed Security Note shall be the interest rate which is being offered by the Company on other Securities Notes having the same term and to Persons holding the same principal amount of Securities as of the Issue Date date of such renewal. If other Securities Notes having the same term are not then being issued on the Issue Date date of such renewal, the interest rate upon renewal will be the rate specified by the Company on or before the Maturity Date of such SecurityNote, or the then existing rate of the Security Note being renewed if no such rate is specified. If the maturing Security Note pays interest only on the Maturity Date, then, except as provided in subsection (db) above, all accrued interest thereon shall be added to the principal amount of the renewed Security Note upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of the earlier Repayment Election, or a Repayment Election, as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such post-effective amendment.

Appears in 1 contract

Samples: First Supplemental Indenture (Metris Companies Inc)

Automatic Renewal. If a Holder of such Security has not delivered a Repayment Election for repayment THIS LEASE SHALL AUTOMATICALLY RENEW ON A MONTH-TO-MONTH BASIS AFTER THE EXPIRATION OF ITS INITIAL TERM UNLESS EITHER PARTY GIVES THE OTHER AT LEAST 30 DAYS WRITTEN NOTICE PRIOR TO THE EXPIRATION OF THE INITIAL TERM. The month-to-month tenancy shall be on all of the Security on or terms and conditions of this Lease except that Lessor may make changes in the Lease provisions after the initial term and during the month-to-month tenancy by giving Xxxxxx at least 30 days written notice prior to the 15th day following effective date of said changes. Failure of Lessee to object to said changes in writing within seven days from the Maturity Date, and date of the Company did not notify email or postmark of the Holder notice of its intention to repay the Security in the Notice of Maturity, then such maturing Security changes shall be extended automatically deemed approval of such changes. Such changes will be binding upon Lessee as long as Lessee remains a Tenant of Lessor. This provision is a continuous one and will apply at the expiration of the original term and during each subsequent monthly term. To terminate the month-to-month tenancy, the party desiring to terminate must give to the other party written notice at least 60 days prior to the proposed date of termination. Failure of Lessee to give a written notice of termination at least 60 days prior to the date of termination will renew this lease for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, month for which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security Lessee will be deemed liable to have the identical terms pay rent to Lessor. The requirements for giving notice to terminate are provided by law and provisions of the maturing Security, including provisions relating must be strictly adhered to. Should Lessee fail to payment, except that the interest rate payable during the term of the renewed Security shall be the interest rate which is being offered by the Company on other Securities having the same term and to Persons holding the same principal amount of Securities as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company vacate on or before the Maturity Date termination date, the rental for the holdover period shall be double the rental provided herein. In such case, Lessee shall be liable for such other damages incurred through the loss of such Securitya prospective tenant, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added other expenses incurred due to the principal amount breach of the renewed Security upon renewalthis condition of this Lease. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of the earlier Repayment Election, or a Repayment Election, as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such post-effective amendmentALL NOTICES OF XXXXXX HEREUNDER MUST BE IN WRITING AND MUST BE COUNTERSIGNED BY A REPRESENTATIVE OF LESSOR TO BE VALID. NO VERBAL NOTICES SHALL BE ACCEPTED OR BINDING.

Appears in 1 contract

Samples: Apartment Lease Contract

Automatic Renewal. If a Holder of such Security has not delivered a Repayment Election for repayment THIS LEASE SHALL AUTOMATICALLY RENEW ON A MONTH-TO-MONTH BASIS AFTER THE EXPIRATION OF ITS INITIAL TERM UNLESS EITHER PARTY GIVES THE OTHER AT LEAST 30 DAYS WRITTEN NOTICE PRIOR TO THE EXPIRATION OF THE INITIAL TERM. The month-to-month tenancy shall be on all of the Security on or terms and conditions of this Lease except that Lessor may make changes in the Lease provisions after the initial term and during the month-to-month tenancy by giving Xxxxxx at least 30 days written notice prior to the 15th day following date of said changes. Failure of Lessee to object to said changes in writing within seven days from the Maturity Date, and date of the Company did not notify postmark of the Holder notice of its intention to repay the Security in the Notice of Maturity, then such maturing Security changes shall be extended automatically deemed approval of such changes. Such changes will be binding upon Lessee as long as Lessee remains a Tenant of Lessor. This provision is a continuous one and will apply at the expiration of the original term and during each subsequent monthly term. To terminate the month-to-month tenancy, the party desiring to terminate must give to the other party written notice at least 30 days prior to the proposed date of termination. Failure of Lessee to give a written notice of termination at least 30 days prior to the date of termination will renew this lease for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, month for which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security Lessee will be deemed liable to have the identical terms and provisions of the maturing Security, including provisions relating pay rent to payment, except that the interest rate payable during the term of the renewed Security shall Lessor. The requirements for giving notice to terminate must be the interest rate which is being offered by the Company on other Securities having the same term and strictly adhered to. Should Lessee fail to Persons holding the same principal amount of Securities as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company vacate on or before the Maturity Date termination date, the rental for the holdover period shall be the lesser of double the rental provided herein or the maximum permitted by law. In such Securitycase, Lessee shall be liable for such other damages incurred through the loss of a prospective tenant, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added other expenses incurred due to the principal amount breach of the renewed Security upon renewalthis condition of this Lease. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of the earlier Repayment Election, or a Repayment Election, as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such post-effective amendmentALL NOTICES OF XXXXXX HEREUNDER MUST BE IN WRITING AND MUST BE COUNTERSIGNED BY A REPRESENTATIVE OF LESSOR TO BE VALID. NO VERBAL NOTICES SHALL BE ACCEPTED OR BINDING.

Appears in 1 contract

Samples: Apartment Lease Contract

Automatic Renewal. If a Holder of such Security has not delivered a Repayment Election for repayment THIS LEASE SHALL AUTOMATICALLY RENEW ON A MONTH-TO- MONTH BASIS AFTER THE EXPIRATION OF ITS INITIAL TERM UNLESS EITHER PARTY GIVES THE OTHER AT LEAST 30 DAYS WRITTEN NOTICE PRIOR TO THE EXPIRATION OF THE INITIAL TERM. The month-to-month tenancy shall be on all of the Security on or terms and conditions of this Lease except that Lessor may make changes in the Lease provisions after the initial term and during the month-to-month tenancy by giving Lessee at least 30 days written notice prior to the 15th day following effective date of said changes. Failure of Lessee to object to said changes in writing within seven days from the Maturity Date, and date of the Company did not notify email or postmark of the Holder notice of its intention to repay the Security in the Notice of Maturity, then such maturing Security changes shall be extended automatically deemed approval of such changes. Such changes will be binding upon Lessee as long as Lessee remains a Tenant of Lessor. This provision is a continuous one and will apply at the expiration of the original term and during each subsequent monthly term. To terminate the month- to-month tenancy, the party desiring to terminate must give to the other party written notice at least 30 days prior to the proposed date of termination. Failure of Lessee to give a written notice of termination at least 30 days prior to the date of termination will renew this lease for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, month for which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security Lessee will be deemed liable to have the identical terms pay rent to Lessor. The requirements for giving notice to terminate are provided by law and provisions of the maturing Security, including provisions relating must be strictly adhered to. Should Lessee fail to payment, except that the interest rate payable during the term of the renewed Security shall be the interest rate which is being offered by the Company on other Securities having the same term and to Persons holding the same principal amount of Securities as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified by the Company vacate on or before the Maturity Date termination date, the rental for the holdover period shall be double the rental provided herein. In such case, Lessee shall be liable for such other damages incurred through the loss of such Securitya prospective tenant, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added other expenses incurred due to the principal amount breach of the renewed Security upon renewalthis condition of this Lease. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of the earlier Repayment Election, or a Repayment Election, as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such post-effective amendmentALL NOTICES OF LESSEE HEREUNDER MUST BE IN WRITING AND MUST BE COUNTERSIGNED BY A REPRESENTATIVE OF LESSOR TO BE VALID. NO VERBAL NOTICES SHALL BE ACCEPTED OR BINDING.

Appears in 1 contract

Samples: Apartment Lease Contract

Automatic Renewal. If a Holder of such Security has not delivered a Repayment Election for repayment of the Security on or prior to the 15th day following the Maturity Date, and the Company did not notify the Holder of its intention to repay the Security in the Notice of Maturity, then such maturing Security shall be extended automatically for an additional term equal to the original term, and shall be deemed to be renewed by the Holder and the Company as of the Maturity Date of such maturing Security. A maturing Security will continue to renew as described herein absent a Redemption Notice or Repurchase Request by the Holder or an indication by the Company that it will repay and not allow the Security to be renewed in the Notice of Maturity. Interest on the renewed Security shall accrue from the Issue Date thereof, which is the first day of such renewed term (i.e., the Maturity Date of the maturing Security). Such renewed Security will be deemed to have the identical terms and provisions of the maturing Security, including provisions relating to payment, except that the interest rate payable during the term of the renewed Security shall be the interest rate which is being offered by the Company on other Securities having the same term and to Persons holding the same aggregate principal amount of Securities (including holdings of immediate family members, as described in the Prospectus) as of the Issue Date of such renewal. If other Securities having the same term are not then being issued on the Issue Date of such renewal, the interest rate upon renewal will be the rate specified in writing to the Holder of such Security by the Company on or before the Maturity Date of such Security, or the then existing rate of the Security being renewed if no such rate is specified. If the maturing Security pays interest only on the Maturity Date, then, except as provided in subsection (d) above, all accrued interest thereon shall be added to the principal amount of the renewed Security upon renewal. Notwithstanding the foregoing or anything in Section 2.1(d) to the contrary, if a Repayment Election is given or is due at a time when the Company has determined that a post-effective amendment to the Registration Statement was required but not yet effective, the Company will provide notice to the Holder (including a copy of the post-effective amendment to the Prospectus), and the Holder will be entitled to rescind his or her Repayment Election, if made, or to make a Repayment Election, if not previously made, by delivering a written rescission of the earlier Repayment Election, or a Repayment Election, as the case may be, to the Company no later than 10 days following the postmark date on the Company’s notice of such post-effective amendment.

Appears in 1 contract

Samples: Indenture (Sten Corp)

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