Common use of Mandatory Repayment Clause in Contracts

Mandatory Repayment. The principal amount of this Note together with accrued and unpaid interest thereon shall be immediately due and payable by the Company upon the consummation by the Company of any Change of Control.

Appears in 3 contracts

Samples: Settlement Agreement (GEE Group Inc.), Security Agreement (GEE Group Inc.), Convertible Subordinated Note (GEE Group Inc.)

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Mandatory Repayment. The principal amount of this Note together with accrued and unpaid interest thereon shall be immediately due and payable by the Company upon the consummation by the Company of any Change of Control. The Holder may elect to convert the outstanding principal amount of the Note pursuant to Section 4 prior to actual payment in cash for any redemption under this Section 2(d) by the delivery of a Notice of Conversion to the Company.

Appears in 1 contract

Samples: Convertible Subordinated Note (GEE Group Inc.)

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