Common use of Minimum Monthly Principal Payments Clause in Contracts

Minimum Monthly Principal Payments. Amortizing payments of the outstanding principal amount of this Note shall begin on September __, 2005 and shall recur on each succeeding Repayment Date thereafter through and including the Maturity Date until the Amortizing Principal Amount has been repaid in full, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date, the Company shall make payments to the Purchaser in the amount of $176,923.08 (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then due and owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Omnibus Amendment (It&e International Group)

AutoNDA by SimpleDocs

Minimum Monthly Principal Payments. Amortizing payments of the outstanding aggregate principal amount of outstanding under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on September __November 1, 2005 and shall recur on the first business day of each succeeding Repayment Date month thereafter through and including until the Maturity Date until the Amortizing Principal Amount has been repaid in full(each, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereofan "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, the Company shall make payments to the Purchaser each in the amount of $176,923.08 28,571.43 (the "Monthly Principal AmountMONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount (as defined below) plus any and all other amounts which are then due and owing under this Note that Note, the Purchase Agreement or any other Related Agreement but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly AmountMONTHLY AMOUNT"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by that remains outstanding on the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement Maturity Date shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Note (Epixtar Corp)

Minimum Monthly Principal Payments. Amortizing payments of the outstanding aggregate principal amount of outstanding under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on September __November 1, 2005 and shall recur on the first business day of each succeeding Repayment Date month thereafter through and including until the Maturity Date until the Amortizing Principal Amount has been repaid in full(each, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereofan "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, the Company shall make payments to the Purchaser each in the amount of $176,923.08 3,571.43 (the "Monthly Principal AmountMONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount (as defined below) plus any and all other amounts which are then due and owing under this Note that Note, the Purchase Agreement or any other Related Agreement but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly AmountMONTHLY AMOUNT"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by that remains outstanding on the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement Maturity Date shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Note (Epixtar Corp)

Minimum Monthly Principal Payments. Amortizing payments of the outstanding aggregate principal amount of outstanding under this Note at any time (the “Principal Amount”) shall begin be made by the Company commencing on September __October 1, 2005 and shall recur 2005_and on the first business day of each succeeding Repayment Date month thereafter through and including the Maturity Date until the Amortizing Principal Amount has been repaid in full(each, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereofan “Amortization Date”). Subject to Section 2.1 and Article 3 III below, commencing on each Repayment the first Amortization Date, the Company shall make monthly payments to the Purchaser Holder on each Repayment Date, each such payment in the amount of $176,923.08 (the "Monthly Principal Amount"), 32,565 together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other unpaid amounts which are then due and owing under this Note that have not been paid Note, the Purchase Agreement and/or any other Related Agreement (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Conversion Services International Inc

Minimum Monthly Principal Payments. Amortizing payments of the outstanding principal amount Principal Amount of this Note shall begin commence on September __, 2005 the first (1st) Repayment Date and shall recur on each succeeding Repayment Date thereafter through and including the Maturity Date until the Amortizing Principal Amount has been repaid in full, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date, the Company Borrower shall make payments to the Purchaser Holder in the amount of $176,923.08 one-thirty-second (1/32nd) of the initial Principal Amount (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then due and owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). Any outstanding Amounts of conversions of Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing made by the Company Holder or Borrower pursuant to the Holder under this NoteSection 2.1 or Article III, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.Redemption Amounts (as defined in Section

Appears in 1 contract

Samples: Trend Mining Co

Minimum Monthly Principal Payments. Amortizing payments of the outstanding principal amount Principal Amount of this Note shall begin on September __June 1, 2005 2006 and shall recur on each succeeding Repayment Date thereafter through and including the Maturity Date until the Amortizing Principal Amount has been repaid in full, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on full On each Repayment Date, the Company Borrower shall make payments to the Purchaser Holder in the amount of $176,923.08 219,047.62 (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then due and owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). ; Any outstanding Principal Amount Amount, together with any accrued and unpaid interest and any and all other unpaid amounts which that are then owing by the Company to the Holder Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: National Investment Managers Inc.

Minimum Monthly Principal Payments. Amortizing payments of the outstanding aggregate principal amount of outstanding under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on September __November 1, 2005 and shall recur on the first business day of each succeeding Repayment Date month thereafter through and including until the Maturity Date until the Amortizing Principal Amount has been repaid in full(each, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereofan "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, the Company shall make payments to the Purchaser each in the amount of $176,923.08 130,952.38 (the "Monthly Principal AmountMONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount (as defined below) plus any and all other amounts which are then due and owing under this Note that Note, the Purchase Agreement or any other Related Agreement but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly AmountMONTHLY AMOUNT"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by that remains outstanding on the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement Maturity Date shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Note (Epixtar Corp)

Minimum Monthly Principal Payments. Amortizing payments of the outstanding principal amount of this Note shall begin on September __January 1, 2005 and shall recur on each succeeding Repayment Date thereafter through and including the Maturity Date until the Amortizing Principal Amount has been repaid in full, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date, the Company shall make payments to the Purchaser Holder in the amount of $176,923.08 50,000.00 (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then due and owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: AdAl Group Inc.

AutoNDA by SimpleDocs

Minimum Monthly Principal Payments. Amortizing payments of the outstanding principal amount of this Note Principal Amount shall begin on September __April 1, 2005 2006 and shall recur on each succeeding Repayment Date thereafter through and including the Maturity Date until the Amortizing Principal Amount has been repaid in full, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on On each Repayment Date, the Company Borrower shall make payments to the Purchaser Holder in the amount of $176,923.08 162,790.70 (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then due and owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). Any outstanding Principal Amount Amount, together with any accrued and unpaid interest and any and all other unpaid amounts which that are then owing by the Company to the Holder Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement that remain outstanding on the Maturity Date shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Secured Term Note (Coach Industries Group Inc)

Minimum Monthly Principal Payments. Amortizing payments of the outstanding aggregate principal amount of outstanding under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on September __November 1, 2005 and shall recur on the first business day of each succeeding Repayment Date month thereafter through and including until the Maturity Date until the Amortizing Principal Amount has been repaid in full(each, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereofan "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, the Company shall make payments to the Purchaser each in the amount of $176,923.08 1,190.48 (the "Monthly Principal AmountMONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount (as defined below) plus any and all other amounts which are then due and owing under this Note that Note, the Purchase Agreement or any other Related Agreement but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly AmountMONTHLY AMOUNT"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by that remains outstanding on the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement Maturity Date shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Note (Epixtar Corp)

Minimum Monthly Principal Payments. Amortizing payments of the outstanding aggregate principal amount of outstanding under this Note at any time (the "Principal Amount") shall begin be made by the Company commencing on September __October 1, 2005 and shall recur 2005_and on the first business day of each succeeding Repayment Date month thereafter through and including the Maturity Date until the Amortizing Principal Amount has been repaid in full(each, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereofan "Amortization Date"). Subject to Section 2.1 and Article 3 III below, commencing on each Repayment the first Amortization Date, the Company shall make monthly payments to the Purchaser Holder on each Repayment Date, each such payment in the amount of $176,923.08 (the "Monthly Principal Amount"), 32,565 together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other unpaid amounts which are then due and owing under this Note that have not been paid Note, the Purchase Agreement and/or any other Related Agreement (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Conversion Services International Inc

Minimum Monthly Principal Payments. Amortizing Borrower shall make monthly payments of on the Repayment Date for the outstanding principal amount of this Note shall begin the Amortized Principal Amount beginning on September __August 1, 2005 and shall recur recurring on each succeeding Repayment Date thereafter through and including the Maturity Date until the Amortizing Principal Amount Xxxxxx has been repaid in full, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, beginning on August 1, 2005 on each Repayment Date, the Company Borrower shall make payments to the Purchaser Holder in the amount of $176,923.08 [__________] (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then due and owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by that remains outstanding on the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement Maturity Date shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Elinear Inc

Minimum Monthly Principal Payments. Amortizing payments of the outstanding aggregate principal amount of outstanding under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on September __November 1, 2005 and shall recur on the first business day of each succeeding Repayment Date month thereafter through and including until the Maturity Date until the Amortizing Principal Amount has been repaid in full(each, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereofan "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, the Company shall make payments to the Purchaser each in the amount of $176,923.08 2,380.95 (the "Monthly Principal AmountMONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount (as defined below) plus any and all other amounts which are then due and owing under this Note that Note, the Purchase Agreement or any other Related Agreement but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly AmountMONTHLY AMOUNT"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by that remains outstanding on the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement Maturity Date shall be due and payable on the Maturity Date.

Appears in 1 contract

Samples: Note (Epixtar Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!