Common use of Minimum Monthly Principal Payments Clause in Contracts

Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on June 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”) as set forth in the table below: Subject to Section 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 set forth above, 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 but have not been paid (collectively, the “Monthly Amount”).

Appears in 2 contracts

Samples: Secured Convertible Term Note (Paincare Holdings Inc), Secured Convertible Term Note (Transgenomic Inc)

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Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "Principal Amount") shall begin on June March 1, 2004 2006 and shall recur on the first calendar business day of each succeeding calendar month thereafter until the Maturity Date (each, an "Amortization Date”) as set forth in the table below: "). Subject to Section 3 Article II below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount set forth aboveof $20,833.33, 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 but have not been paid (collectively, the "Monthly Amount").

Appears in 1 contract

Samples: Senior Secured Convertible Note (Smartserv Online 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 June February 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”) as set forth in the table below: "AMORTIZATION DATE"). Subject to Section 3 3.4 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount set forth aboveof $63,636.36, 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 but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT").

Appears in 1 contract

Samples: Convertible Note (Ventures National 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 June September 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "Amortization Date”) as set forth in the table below: "). Subject to Section 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 set forth aboveof $33,333.00 (the "Monthly Amortization"), 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 but have not been paid (collectively, the "Monthly Amount"). From April 1, 2005 through March 1, 2007, the Monthly Amortization shall be increased to $41,667.00.

Appears in 1 contract

Samples: Secured Convertible Term Note (Pipeline Data 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 June March 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "Amortization Date”) as set forth in the table below: "). Subject to Section 3 3.4 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount set forth aboveof $45,454.54, 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 but have not been paid (collectively, the "Monthly Amount").

Appears in 1 contract

Samples: Secured Convertible Term Note (Vicom 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 June November 1, 2004 2005 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”) as set forth in the table below: ). Subject to Section 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 set forth aboveof $83,333.33, 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 but have not been paid (collectively, the “Monthly Amount”).

Appears in 1 contract

Samples: Secured Convertible Term Note (Micro Component Technology 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 June July 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "Amortization Date”) as set forth in the table below: "). Subject to Section 3 3.4 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount set forth aboveof $22,727.27, 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 but have not been paid (collectively, the "Monthly Amount").

Appears in 1 contract

Samples: Convertible Term Note (Ventures National 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 June October 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”) as set forth in the table below: Subject to Section 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 set forth above, 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 but have not been paid (collectively, the “Monthly Amount”).

Appears in 1 contract

Samples: Secured Convertible Term Note (Paincare Holdings 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 June July 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”) as set forth in the table below: ). Subject to Section 3 3.4 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount set forth aboveof $151,515.15 , 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 but have not been paid (collectively, the “Monthly Amount”).

Appears in 1 contract

Samples: Secured Convertible Term Note (Innovative Companies Inc)

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Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "Principal Amount") shall begin on June May 1, 2004 2005 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "Amortization Date”) as set forth in the table below: "). Subject to Section 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 set forth aboveof $50,000.00, 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 but have not been paid (collectively, the "Monthly Amount").

Appears in 1 contract

Samples: Secured Convertible Term Note (Conolog 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 June September 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "Amortization Date”) as set forth in the table below: "). Subject to Section 3 3.4 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount set forth aboveof $72,580.65 , 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 but have not been paid (collectively, the "Monthly Amount").. 2 -----------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Convertible Term Note (Ventures National 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 June August 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an "Amortization Date”) as set forth in the table below: "). Subject to Section 3 3.4 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount set forth aboveof $116,667, 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 but have not been paid (collectively, the "Monthly Amount").

Appears in 1 contract

Samples: Secured Convertible Term Note (Dyntek 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 June October 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization "AMORTIZATION Date”) as set forth in the table below: "). Subject to Section 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 set forth aboveof $58,333.00 (the "MONTHLY AMORTIZATION"), 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 but have not been paid (collectively, the “Monthly Amount”"MONTHLY AMOUNT").

Appears in 1 contract

Samples: Secured Convertible Term Note (United Energy Corp /Nv/)

Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on June September 1, 2004 and shall recur on the first calendar day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”) as set forth in the table below: ). Subject to Section 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 set forth aboveof $66,667, 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 but have not been paid (collectively, the “Monthly Amount”).

Appears in 1 contract

Samples: Secured Convertible Term Note (Micro Component Technology Inc)

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