Common use of Effect of Prepayments Clause in Contracts

Effect of Prepayments. There is hereby added an additional sentence at the end of Section 5 of the Note to read as follows: "In the event of any partial prepayment of the Note prior to conversion of the entire Optional Convertible Debt, the amount prepaid shall be credited towards the Optional Convertible Debt and/or the Mandatory Convertible Debt that does not constitute Optional Conversion Debt, as specified by the Company in its sole discretion, until the Optional Convertible Debt is repaid in full."

Effect of Prepayments. There is hereby added an additional sentence at the end of Section 5 4 of the Note to read as follows: "In the event of any partial prepayment of the Note prior to conversion of the entire Optional Convertible DebtNote, the amount prepaid shall be credited towards the Optional Convertible Debt and/or any portion of the Mandatory Convertible Debt that does not constitute Optional Conversion Debt, as specified at the time of such prepayment by the Company Company, in its sole discretion, until the Optional Convertible Debt Note is repaid in full."

Effect of Prepayments. There is hereby added an additional sentence at the end of Section 5 4 of the Note to read as follows: "In the event of any partial prepayment of the Note prior to conversion of the entire Optional Convertible Debt, the amount prepaid shall be credited towards the Optional Convertible Debt and/or the Mandatory Convertible Debt that does not constitute the Optional Conversion Convertible Debt, as specified by the Company in its sole discretion, until the Optional Convertible Debt is repaid paid in full."