CONTINGENT ADDITIONAL PRINCIPAL Sample Clauses

CONTINGENT ADDITIONAL PRINCIPAL. On September 7, 2002 and September 7, 2003, if the Sale Price of the Ordinary Shares is at or below the Ordinary Shares Threshold Price (as set forth in the first column under the schedule below) for at least 20 Trading Days during the Thirty-Trading-Day Measurement Period prior to that date, Contingent Additional Principal shall accrue on the Securities commencing on such date at a rate of either 0.50% or .645% per year, computed on a semiannual bond equivalent basis, on the sum of the issue price plus accrued Original Issue Discount to such date for a period of one year, in accordance with the schedule set forth below: September 7, 2002 -------------------------------------------------------------------------------------------------------- Ordinary Shares Threshold Price Contingent Additional Adjusted Yield (expressed as a percentage of the Accreted Conversion Principal Price of the Securities) -------------------------------------------------------------------------------------------------------- Equal to or less than 69% and .50% 3.375% greater than 65% -------------------------------------------------------------------------------------------------------- Equal to or less than 65% .645% 3.52% -------------------------------------------------------------------------------------------------------- September 7, 2003 ----------------------------------------------------------------------------------- -------------------- Ordinary Shares Threshold Price Contingent Additional Adjusted Yield (expressed as a percentage of the Accreted Conversion Principal Price of the Securities) -------------------------------------------------------------------------------------------------------- Equal to or less than 75% and .50% 3.375% greater than 72% ----------------------------------------------------------------------------------- -------------------- Equal to or less than 72% .645% 3.52% ----------------------------------------------------------------------------------- --------------------
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CONTINGENT ADDITIONAL PRINCIPAL. On September 11, 2004, the rate of accrual on the LYONs will be reset for a period of two years (the "Adjusted Rate"), xx xxe Company's Stock Price Factor (as defined below) is at or below the Stock Price Factor thresholds set forth in the table below. The amount that accrues as a result of the Adjusted Rate of accrual on the LYONs, other than Original Issue Discount, is referred to herein as "Xxxxxngent Additional Principal". If Contingent Additional Principal accrues, the Adjusted Rate on the Securities shall accrue commencing on September 11, 2004. If the Stock Price Factor is greater than the highest Stock Price Factor threshold in the applicable column set forth in the table below, no Contingent Additional Principal shall accrue and Original Issue Discount only shall accrue as provided herein. If Contingent Additional Principal accrues, the Adjusted Rate of accrual per Security will be the rate which results from deducting an amount in accordance with the left hand column of the table below, from the Company's Subordinated Debt Rate (as defined below), provided that in no event shall the Adjusted Rate be greater than 9.0% or less than the initial yield to maturity
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CONTINGENT ADDITIONAL PRINCIPAL. Section 4.1 Contingent Additional Principal.......................23 Section 4.2 Payment of Contingent Additional Principal............24 Section 4.3 Notice................................................24
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CONTINGENT ADDITIONAL PRINCIPAL. Section 14.01
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CONTINGENT ADDITIONAL PRINCIPAL. 69 Section 14.02 Payment of Contingent Additional Principal...................71 Section 14.03 Notice.......................................................71 Section 14.04 Rate Solicitation Agent......................................71
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CONTINGENT ADDITIONAL PRINCIPAL. SECTION 601
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Related to CONTINGENT ADDITIONAL PRINCIPAL

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • CONTINGENT ANNUITANT The person designated by the Owner who, upon the Annuitant's death prior to the Annuity Commencement Date, becomes the Annuitant.

  • Contingent Payment Notwithstanding anything in this Agreement to the contrary, if any of the Properties are sold by Buyer within twelve (12) months after the Closing Date, Buyer shall pay to Seller an amount equal to five percent (5%) of the Consideration allocated to such Property. The Deeds shall contain a deed restriction granting Seller the right to receive such additional sum from Buyer.

  • Contingent Payments The Unilever Stockholder shall have the right to receive the Contingent Payments, if any, on the terms and subject to the conditions set forth on Exhibit 9 in recognition of its period of ownership of the Class B Shares.

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Contingent Interest (a) Contingent interest on the Securities (“Contingent Interest”) shall accrue and the Company shall pay such Contingent Interest to the Holders as follows:

  • Contingent Obligation any obligation of a Person arising from a guaranty, indemnity or other assurance of payment or performance of any Debt, lease, dividend or other obligation (“primary obligations”) of another obligor (“primary obligor”) in any manner, whether directly or indirectly, including any obligation of such Person under any (a) guaranty, endorsement, co-making or sale with recourse of an obligation of a primary obligor; (b) obligation to make take-or-pay or similar payments regardless of nonperformance by any other party to an agreement; and (c) arrangement (i) to purchase any primary obligation or security therefor, (ii) to supply funds for the purchase or payment of any primary obligation, (iii) to maintain or assure working capital, equity capital, net worth or solvency of the primary obligor, (iv) to purchase Property or services for the purpose of assuring the ability of the primary obligor to perform a primary obligation, or (v) otherwise to assure or hold harmless the holder of any primary obligation against loss in respect thereof. The amount of any Contingent Obligation shall be deemed to be the stated or determinable amount of the primary obligation (or, if less, the maximum amount for which such Person may be liable under the instrument evidencing the Contingent Obligation) or, if not stated or determinable, the maximum reasonably anticipated liability with respect thereto.

  • Contingent Consideration The Contingent Consideration shall become payable and/or issuable to each Selling Securityholder within 10 Business Days of the Contingent Consideration Date in accordance with this Section 1.5(c) (and subject to Section 1.5(a)), subject to and in accordance with Section 1.6, including any reduction for an amount of cash up to such Selling Securityholder’s Pro Rata Share of the Holdback Amount withheld pursuant to Section 1.6(b), with each Selling Securityholder receiving an amount of cash and/or stock equal to (a) the percentage set forth in the Spreadsheet opposite such Selling Securityholder’s name under the heading “Contingent Consideration Percentage” multiplied by (b) the Contingent Consideration. The “Contingent Consideration Date” shall mean the earlier of (i) the date that is 30 months following the Closing Date and (ii) the date upon which $50 million in gross proceeds (net of transaction fees and expenses, including any broker fees, the “Contingent Threshold Amount”) is received by Purchaser from investors pursuant to bona fide equity financings in exchange for the issuance of Purchaser Series B Stock. If the Contingent Threshold Amount (A) is met prior to the Contingent Consideration Date, then the Contingent Consideration shall be an amount payable in cash equal to $50 million, or (B) is not met prior to the Contingent Consideration Date, then the Contingent Consideration shall be (I) an amount payable in cash equal to the gross proceeds (net of transaction fees and expenses, including any broker fees) received by Purchaser from investors pursuant to bona fide equity financings during such 30-month period in exchange for the issuance of Purchaser Series B Stock (the “Actual Financing Proceeds”), plus (II) a number of shares of Purchaser Series B Stock equal to (x) two multiplied by (y) (i) (1) the Contingent Threshold Amount minus (2) the Actual Financing Proceeds, divided by (ii) the Purchaser Series B Stock Price (such amount of cash paid and/or shares issued, the “Contingent Consideration”). Notwithstanding anything to the contrary in the foregoing, to the extent any such Selling Securityholder is not able to provide evidence satisfactory to Purchaser that such Selling Securityholder is an accredited investor as defined in Rule 501(a) of Regulation D under the Securities Act (or otherwise provide evidence satisfactory to Purchaser that another applicable exemption under the Securities Act is available to rely upon), then Purchaser reserves the right, in its sole discretion, to replace the share issuance to such Selling Securityholder pursuant to clause (II) of the prior sentence with a payment in cash equal to (x) the Purchaser Series B Stock Price multiplied by (y) the number of shares that otherwise would have been issuable to such Selling Securityholder pursuant to clause (II) of the prior sentence (rounded down to the nearest cent).

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

  • No Additional Indebtedness The borrower shall not incur additional indebtedness either through loans, issuing bonds, notes, debentures, loan stock or any similar instrument, except for:

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