Common use of Debenture Payments Clause in Contracts

Debenture Payments. The Company agrees that, so long as any Purchaser shall hold any Debentures, it will make payments of principal and interest on any Debenture held by such Purchaser not later than 2:00 p.m., Boston, Massachusetts time, on the date such payment is due, in immediately available federal funds, by credit to the Purchaser's account, as specified in SCHEDULE 1.1 hereto, or such other account or accounts as the Purchaser may designate in writing not less than two (2) Business Days prior to the payment date, notwithstanding any contrary provision contained herein or any Debenture with respect to the place of payment. Each Purchaser agrees that, before disposing of any Debenture, it or its nominee will make a notation thereon of all principal payments previously paid thereon and of the date to which interest thereon has been paid, and will notify the Company of the name and address of the transferee of such Debenture. At the election of any subsequent holder of any Debenture which has made the same agreements relating to such Debenture as the Purchaser has made in this Section 12.1, the Company will make payments of principal and interest to the account of such successor holder in the same manner as set forth above.

Appears in 1 contract

Samples: Securities Purchase and Redemption Agreement (Stride & Associates Inc)

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Debenture Payments. The Company agrees that, so long as any Purchaser shall hold any Debentures, it will make payments of principal and interest on any Debenture held by such Purchaser not later than 2:00 p.m., Boston, Massachusetts time, on the date such payment is due, in immediately available federal funds, by credit to the Purchaser's ’s account, as specified in SCHEDULE Schedule 1.1 hereto, or such other account or accounts as the Purchaser may designate in writing not less than two (2) Business Days prior to the payment datewriting, notwithstanding any contrary provision contained herein or any Debenture with respect to the place of payment. Each Purchaser agrees that, before disposing of any Debenture, it or its nominee will make a notation thereon of all principal payments previously paid thereon and of the date to which interest thereon has been paid, and will notify the Company of the name and address of the transferee of such Debenture. At the election of any subsequent holder of any Debenture which has made the same agreements relating to such Debenture as the Purchaser has made in this Section 12.111.1, the Company will make payments of principal and interest to the account of such successor holder in the same manner as set forth above.

Appears in 1 contract

Samples: Subordinated Debenture Purchase Agreement (Fortegra Financial Corp)

Debenture Payments. The Company agrees that, so long as any Purchaser shall hold any Debentures, it will make payments of principal and interest on any Debenture held by such Purchaser not later than 2:00 p.m., Boston, Massachusetts time, on the any date for which such a payment is duerequired to be made, in immediately available federal funds, by credit to the Purchaser's account, as specified in SCHEDULE Schedule 1.1 hereto, or such other account or accounts as the Purchaser may designate in writing not less than two (2) Business Days prior to the payment datewriting, notwithstanding any contrary provision contained herein or any Debenture with respect to the place of payment. Each Purchaser agrees that, before disposing of any Debenture, it or its nominee will make a notation thereon of all principal payments previously paid thereon and of the date to which interest thereon has been paid, and will notify the Company of the name and address of the transferee of such Debenture. At the election of any subsequent holder of any Debenture which has made the same agreements relating to such Debenture as the Purchaser has made in this Section 12.1, the Company will make payments of principal and interest to the account of such successor holder in the same manner as set forth above.

Appears in 1 contract

Samples: Securities Purchase and Redemption Agreement (Sybari Software, Inc.)

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Debenture Payments. The Company agrees that, so long as any a Purchaser ------------------ shall hold any Debentures, it will make payments of principal and interest on any Debenture held by such Purchaser not later than 2:00 p.m., Boston, Massachusetts Boston time, on the date such payment is due, in immediately available federal funds, by credit to the Purchaser's account, as specified in SCHEDULE Schedule 1.1 hereto, or such other account or accounts as the ------------ Purchaser may designate in writing not less than two (2) Business Days prior to the payment datewriting, notwithstanding any contrary provision contained herein or any Debenture with respect to the place of payment. Each Purchaser agrees that, before disposing of any Debenture, it or its nominee will make a notation thereon of all principal payments previously paid thereon and of the date to which interest thereon has been paid, and will notify the Company of the name and address of the transferee of such Debenture. At the election of any subsequent holder of any Debenture which has made the same agreements relating to such Debenture as the Purchaser has made in this Section 12.1paragraph 11.1, the Company will make payments of principal and interest to the account of such successor holder in the same manner as set forth above.

Appears in 1 contract

Samples: Subordinated Debenture Purchase Agreement (American Dental Partners Inc)

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