Mandatory Prepayments of Principal. The entire Principal balance of this Note, and all accrued and unpaid Interest hereunder, (i) shall be required to be prepaid upon the consummation of any Sale, and (ii) may be required to be prepaid upon the occurrence of any Event of Default.
Appears in 5 contracts
Samples: Promissory Note (EVCI Career Colleges Holding Corp), Loan Agreement (Alanco Technologies Inc), Revolving Credit Note (EVCI Career Colleges Holding Corp)
Mandatory Prepayments of Principal. The entire Principal balance of this Note, and all accrued and unpaid Interest hereunder, (i) shall be required to be prepaid upon the consummation of any Sale, and (ii) may be required to be prepaid upon the occurrence of any Event of Default. In addition, all or a portion of the Principal of this Note shall be required to be prepaid as and to the extent provided in Section 2.02(b) of the Loan Agreement.
Appears in 5 contracts
Samples: Term Note (Crdentia Corp), Term Note (Crdentia Corp), Term Note (Crdentia Corp)
Mandatory Prepayments of Principal. The entire Principal balance of this Note, and all accrued and unpaid Interest hereunder, (i) shall be required to be prepaid upon the consummation of any Sale, and (ii) may be required to be prepaid upon the occurrence of any Event of Default. In addition, this Note shall be subject to mandatory prepayment, in whole or in part, under the circumstances provided in Section 2.02(b) of the Loan Agreement.
Appears in 1 contract
Samples: Term Note (Alanco Technologies Inc)
Mandatory Prepayments of Principal. The entire Principal balance of this Note, and all accrued and unpaid Interest hereunderthereunder, (i) shall be required to be prepaid upon the consummation of any Sale, and (ii) may be required to be prepaid upon the occurrence of any Event of Default.
Appears in 1 contract
