Common use of Minimum Borrowing Amount Clause in Contracts

Minimum Borrowing Amount. After a registration statement registering the Registrable Securities (as defined in the Registration rights Agreement) has been declared effective by the SEC, conversions of the Minimum Borrowing Amount into the Common Stock of the Company may be initiated as set forth in the Notes. From and after the date upon which the entire outstanding principal of the Minimum Borrowing Amount (as evidenced by the first Minimum Borrowing Note) is converted into Common Stock (the “First Conversion Date”), (i) corresponding amounts of all outstanding Loans (not attributable to the then outstanding Minimum Borrowing Amount) existing on or made after the First Conversion Date will be aggregated (and the corresponding amount shall be deducted from Loans under the Revolving Note) until they reach the sum of $1,500,000 and (ii) the Company will issue a new (serialized) Minimum Borrowing Note to Laurus in respect of such $1,500,000 aggregation, and (iii) the Company shall prepare and file a subsequent registration statement with the SEC to register such subsequent Minimum Borrowing Note as set forth in the Registration Rights Agreement. Any such new Minimum Borrowing Note shall be subject to the parties agreeing to an adjusted Fixed Conversion Price, per Section 2.2 of the Secured Convertible Minimum Borrowing Note, executed contemporaneously herewith.”

Minimum Borrowing Amount. After a registration statement registering the Registrable Securities (as defined in the Registration rights Rights Agreement) has been declared effective by the SEC, conversions of the Minimum Borrowing Amount into the Common Stock of the Company may be initiated as set forth in the Notesrespective Minimum Borrowing Note. From and after the date upon which the entire any outstanding principal of the Minimum Borrowing Amount (as evidenced by the first Minimum Borrowing Note) is converted into Common Stock (the “"First Conversion Date”"), (i) corresponding amounts of all outstanding Revolving Loans (not attributable to the then outstanding Minimum Borrowing Amount) existing on or made after the First Conversion Date will be aggregated (and the corresponding amount shall be deducted from Loans under the Revolving Note) until they reach the sum of $1,500,000 500,000 and (ii) the Company and each Eligible Subsidiary will issue a new (serialized) Minimum Borrowing Note to Laurus in respect of such $1,500,000 500,000 aggregation, and (iii) the Company shall prepare and file a subsequent registration statement with the SEC to register such subsequent Minimum Borrowing Note as in accordance with the requirements set forth in the Registration Rights Agreement. Any such new Minimum Borrowing Note shall be subject to the parties agreeing to an adjusted Fixed Conversion Price, per Section 2.2 of the Secured Convertible Minimum Borrowing Note, executed contemporaneously herewith.”

Minimum Borrowing Amount. After a registration statement registering the Registrable Securities (as defined in the Registration rights Agreement) shares of Common Stock issuable upon conversion of a Minimum Borrowing Note has been declared effective by the SEC, conversions of the Minimum Borrowing Amount Loans evidenced thereby into the Common Stock of the Company may be initiated as set forth in the Notessuch Note. From and after the date upon which the entire outstanding principal of the Minimum Borrowing Amount (as evidenced by the first Minimum Borrowing Note) Note is converted into Common Stock (the “First "Trigger Conversion Date”"), (i) corresponding amounts of all outstanding Loans (not attributable to the then outstanding Minimum Borrowing Amount evidenced by the first Minimum Borrowing Amount) existing on or made after the First Trigger Conversion Date will be aggregated (and the corresponding amount shall be deducted from Loans under the Revolving Note) until they reach the sum of $1,500,000 and 5,000,000, (ii) the Company will issue a new (serialized) Minimum Borrowing Note (in accordance with Section 2.1(a)) to Laurus in respect of such $1,500,000 5,000,000 aggregation, and (iii) the Company shall prepare and file a subsequent registration statement with the SEC to register the Common Stock issuable upon conversion of such subsequent Minimum Borrowing Note as set forth in the Registration Rights Agreement. Any such new Minimum Borrowing Note shall be subject to the parties agreeing to an adjusted Fixed Conversion Price, per Section 2.2 of the Secured Convertible Minimum Borrowing Note, executed contemporaneously herewith.”

Minimum Borrowing Amount. After a registration statement registering the Registrable Securities (as defined in the Registration rights Rights Agreement) has been declared effective by the SEC, conversions of the Minimum Borrowing Amount into the Common Stock of the Company may be initiated as set forth in the Notesrespective Minimum Borrowing Note. From and after the date upon which the entire any outstanding principal of the Minimum Borrowing Amount (as evidenced by the first Minimum Borrowing Note) is converted into Common Stock (the “First Conversion Date”"FIRST CONVERSION DATE"), (i) corresponding amounts of all outstanding Loans (not attributable to the then outstanding Minimum Borrowing Amount) existing on or made after the First Conversion Date will be aggregated (and the corresponding amount shall be deducted from Loans under the Revolving Notein accordance with Section 2(a)(i) until they reach the sum of $1,500,000 and (ii) the Company Companies will issue a new (serialized) Minimum Borrowing Note to Laurus in respect of such $1,500,000 aggregationaccordance with Section 2(a)(i), and (iii) the Company Parent shall prepare and file a subsequent registration statement with the SEC to register such subsequent Minimum Borrowing Note as set forth in the Registration Rights Agreement. Any such new Minimum Borrowing Note shall be subject to the parties agreeing to an adjusted Fixed Conversion Price, per Section 2.2 of the Secured Convertible Minimum Borrowing Note, executed contemporaneously herewith.”

Minimum Borrowing Amount. After a registration statement ------------------------ registering the Registrable Securities (as defined in the Registration rights Rights Agreement) has been declared effective by the SECSecurities and Exchange Commission, conversions of the Minimum Borrowing Amount into the Common Stock of the Company eLinear may be initiated as set forth in the Notesapplicable Minimum Borrowing Note. From and after the date upon which the entire any outstanding principal of the Minimum Borrowing Amount (as evidenced by the first Minimum Borrowing Note) is converted into Common Stock (the “"First Conversion Date”"), (i) corresponding amounts of all outstanding Loans (not attributable to the then outstanding Minimum Borrowing Amount) existing on or made after the First Conversion Date will be aggregated (and the corresponding amount shall be deducted from Loans under the Revolving Note) until they reach the sum of $1,500,000 2,000,000 and (ii) the Company will issue a new (serialized) Minimum Borrowing Note to Laurus in respect of such $1,500,000 2,000,000 aggregation, and (iii) the Company eLinear shall prepare and file a subsequent registration statement with the SEC Securities and Exchange Commission to register such subsequent Minimum Borrowing Note as set forth in the Registration Rights Agreement. Any such new Minimum Borrowing Note shall be subject to the parties agreeing to an adjusted Fixed Conversion Price, per Section 2.2 of the Secured Convertible Minimum Borrowing Note, executed contemporaneously herewith.”

Minimum Borrowing Amount. After a registration statement registering the Registrable Securities (as defined in the Registration rights Agreement) has been declared effective by the SEC, conversions of the Minimum Borrowing Amount into the Common Stock of the Company may be initiated as set forth in the Notes. From and after the date upon which the entire any outstanding principal of the Minimum Borrowing Amount (as evidenced by the first Minimum Borrowing Note) is converted into Common Stock (the “"First Conversion Date”"), (i) corresponding amounts of all outstanding Loans (not attributable to the then outstanding Minimum Borrowing Amount) existing on or made after the First Conversion Date will be aggregated (and the corresponding amount amounts shall be deducted from Loans loans under the Revolving Note) until they reach the sum of $1,500,000 and (ii) the Company will issue a new (serialized) Minimum Borrowing Note to Laurus in respect of such $1,500,000 aggregation, and (iii) the Company shall prepare and file a subsequent registration statement with the SEC to register such subsequent Minimum Borrowing Note as set forth in the Registration Rights Agreement. Any such new Minimum Borrowing Note shall be subject to the parties agreeing to an adjusted Fixed Conversion Price, per Section 2.2 of the Secured Convertible Minimum Borrowing Note, executed contemporaneously herewith.”