Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 3 contracts
Samples: Dynamic Health Products Inc, Dynamic Health Products Inc, Dynamic Health Products Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December February 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500166,666.67, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement (specifically excluding the Common Stock Purchase Warrant) but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 2 contracts
Samples: Powercold Corp, Powercold Corp
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December October 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50050,000, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement Note but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 2 contracts
Samples: Synergy Brands Inc, Synergy Brands Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50016,666.67, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement Note but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 2 contracts
Samples: Synergy Brands Inc, Synergy Brands Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December May 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500161,290.32, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 2 contracts
Samples: Clinical Data Inc, Icoria, Inc.
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December August 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50016,666.67, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement Note but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 2 contracts
Samples: Synergy Brands Inc, Synergy Brands Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December March 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower Txxxxx Equipment shall make monthly payments to the Holder on each Repayment Contract Rate Payment Date, each in the amount of $187,500181,818, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Security Agreement or any other Related Ancillary Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Maxim Mortgage Corp/
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December June 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization "AMORTIZATION Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50060,606.06, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Science Dynamics Corp
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December September 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50014,705.88, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Secured Digital Applications Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500$ , together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Bio Key International Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December October 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50062,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Subordination Agreement (Bio Key International Inc)
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December February 1, 2004 2006 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, 58,823.53 together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Greenman Technologies Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50090,909.09, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Mitek Systems Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December October 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50090,909.09, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Locateplus Holdings Corp
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50083,333.33, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Pacific Biometrics Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December August 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50045,454.54, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Magic Lantern Group Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December February 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500[$ ], together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Subordination Agreement (Bio Key International Inc)
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December May 1, 2004 2006 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50033,333.33, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Elec Communications Corp
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”) shall begin on December July 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50045,454.55, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement Note but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Adstar Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December March 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500212,121.21, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Island Pacific Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December April 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower ROIE shall make monthly payments to the Holder on each Repayment Contract Rate Payment Date, each in the amount of $187,500121,212.12, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Security Agreement or any other Related Ancillary Agreement but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Return on Investment Corp
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December February 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500151,515.15, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Securities Purchase Agreement (American Water Star Inc)
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December July 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower Xxxxxx Equipment shall make monthly payments to the Holder on each Repayment Contract Rate Payment Date, each in the amount of $187,50065,517, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Security Agreement or any other Related Ancillary Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Thomas Equipment, Inc.
Minimum Monthly Principal Payments. Amortizing payments of the ----------------------------------- aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December 1August 2, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50060,606.00, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Sequiam Corp
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500_________, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Securities Purchase Agreement (Bio Key International Inc)
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December May 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50060,606.06, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Elec Communications Corp
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December August 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50050,000.00, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Pacific Biometrics Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December January 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Section 2.1 and Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, 129,032.26 together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Host America Corp
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December October 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50062,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Securities Purchase Agreement (Bio Key International Inc)
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December 1October 3, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500106,667, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly "MONTHLY Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Island Pacific Inc
Minimum Monthly Principal Payments. Amortizing payments of the ------------------------------------- aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin began on December May 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning Beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50060,606.06, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December February 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50018,181.82, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Gwin Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December November 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, 125,000 together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Greenman Technologies Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December January 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500147,058.82, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Acceris Communications Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December June 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50060,606.06, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Science Dynamics Corp
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December July 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50030,000, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Netguru Inc
Minimum Monthly Principal Payments. Amortizing payments of the ------------------------------------- aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin began on December May 1, 2004 2006 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning Beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,50033,333.33, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “"Principal Amount”") shall begin on December May 1, 2004 2005 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “"Amortization Date”"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500150,000, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “"Monthly Amount”"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Axeda Systems Inc
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”"PRINCIPAL AMOUNT") shall begin on December August 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”"AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500212,121.21, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT"). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Samples: Island Pacific Inc