Cash Payments. If requested by the Holder, the Company will make amortizing payments to the Holder (a "Payment," or collectively, the "Payments") on a monthly basis on the first day of each business day of each month while there is an outstanding balance on the Debenture, in an amount to be determined by the Holder and the Company based on the Company's then current financial position. ("
Appears in 28 contracts
Samples: Debenture Agreement (Xtreme Companies Inc), Debenture Agreement (Xtreme Companies Inc), Debenture Agreement (Xtreme Companies Inc)
Cash Payments. If requested by the Holder, the Company will make amortizing payments to the Holder (a "Payment," or collectively, the "Payments") on a monthly basis on the first day of each business day of each month while there is an outstanding balance on the Debenture, in an amount to be determined by the Holder and the Company based on the Company's then current financial position. ("Payment Amount" or collectively, the "Payment Amounts"). In no event, shall the Payment be less than the Interest accruing on the outstanding balance of the Debenture.
Appears in 2 contracts
Samples: Debenture Agreement (Genesis Bioventures Inc), Debenture Agreement (Genesis Bioventures Inc)
Cash Payments. If requested by the Holder, the Company will make amortizing payments to the Holder (a "Payment," or collectively, the "Payments") on a monthly basis on the first day of each business day of each month while there is an outstanding balance on the Debenture, in an amount to be determined by the Holder and the Company based on the Company's then current financial position. ("
Appears in 1 contract
Samples: Debenture Agreement