Common use of Monthly Amount Common Stock Payment Guidelines Clause in Contracts

Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of the five (5) trading days preceding the applicable Repayment Date was less than 115% of the Fixed Conversion Price, then the Borrower shall pay in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of the closing price of the Common Stock on one or more of the five (5) trading days preceding the applicable Repayment Date was less than 115% of the Fixed Conversion Price) shall be paid within ten (10) business days of the applicable Repayment Date;

Appears in 3 contracts

Samples: Dyntek Inc, Dyntek Inc, Dyntek Inc

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Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of the five ten (510) trading days preceding the applicable a Repayment Date was less than 115120% of the Fixed Conversion Price, then the Borrower shall pay in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of the closing price of the Common Stock on one or more of the five (5) trading days preceding the applicable Repayment Date was less than 115120% of the Fixed Conversion Price) shall be paid within ten three (103) business days of the applicable Repayment Date;.

Appears in 3 contracts

Samples: Paincare Holdings Inc, Paincare Holdings Inc, Paincare Holdings Inc

Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) 2.1 and 2.2 2.4 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of the five ten (510) trading days preceding the applicable a Repayment Date was less than 115107% of the Fixed Conversion Price, then the Borrower shall pay in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of because the closing price of the Common Stock on one or more of the five ten (510) trading days preceding the applicable Repayment Date was less than 115107% of the Fixed Conversion Price) shall be paid within ten three (103) business days of the applicable Repayment Date;.

Appears in 2 contracts

Samples: Convertible Term Note (Axesstel Inc), Convertible Term Note (Axesstel Inc)

Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) 2.1 and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of the five seven (57) trading days preceding the applicable a Repayment Date was less than 115110% of the Fixed Conversion Price, then the Borrower shall pay the Monthly Amount in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of because the closing price of the Common Stock on one or more of for the five seven (57) trading days preceding the applicable Repayment Date was less than 115110% of the Fixed Conversion Price) shall be paid within ten three (103) business days of the applicable Repayment Date;.

Appears in 2 contracts

Samples: Numerex Corp /Pa/, Numerex Corp /Pa/

Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of the five ten (510) trading days preceding the applicable a Repayment Date was less than 115110% of the Fixed Conversion Price, then the Borrower shall pay in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of the closing price of the Common Stock on one or more of the five (5) trading days preceding the applicable Repayment Date was less than 115110% of the Fixed Conversion Price) shall be paid within ten three (103) business days of following the applicable Repayment Date;.

Appears in 2 contracts

Samples: Ventures National Inc, Ventures National Inc

Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) 2.1 and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of the five ten (510) trading days preceding the applicable a Repayment Date was less than 115% of the Fixed Conversion Price, then the Borrower shall pay in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of because the closing price of the Common Stock on one or more of the five ten (510) trading days preceding the applicable Repayment Date was less than 115% of the Fixed Conversion Price) shall be paid within ten three (103) business days of the applicable Repayment Date;.

Appears in 2 contracts

Samples: Inyx Inc, Inyx Inc

Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of the five ten (510) trading days preceding the applicable a Repayment Date was less than 115% of the Fixed Conversion Price, then the Borrower shall pay in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of the closing price of the Common Stock on one or more of the five (5) trading days preceding the applicable Repayment Date was less than 115% of the Fixed Conversion Price) shall be paid within ten three (103) business days of the applicable Repayment Date;.

Appears in 2 contracts

Samples: Bam Entertainment Inc, Vicom Inc

Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of the five ten (510) trading days preceding the applicable a Repayment Date was less than 115% of the Fixed Conversion Price, then the Borrower shall pay in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of the closing price of the Common Stock on one or more of the five (5) trading days preceding the applicable Repayment Date was less than 115% of the A-2 Fixed Conversion Price) shall be paid within ten three (103) business days of the applicable Repayment Date;.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bam Entertainment Inc)

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Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of the five ten (510) trading days preceding the applicable a Repayment Date was less than 115110% of the Fixed Conversion Price, then the Borrower shall pay in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of the closing price of the Common Stock on one or more of the five (5) trading days preceding the applicable Repayment Date was less than 115110% of the Fixed Conversion Price) shall be paid within ten three (103) business days of following the applicable Repayment Date;. 2.2

Appears in 1 contract

Samples: Ventures National Inc

Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) 2.1 and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing volume weighted average price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of over the five ten (510) trading days preceding the applicable a Repayment Date was less than 115% of the Fixed Conversion Price, then the Borrower shall pay in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of because the closing volume weighted average price of the Common Stock on one or more of over the five ten (510) trading days preceding the applicable Repayment Date was less than 115% of the Fixed Conversion Price) shall be paid within ten three (103) business days of the applicable Repayment Date;.

Appears in 1 contract

Samples: Equifin Inc

Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) 2.1 and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) Exchange for any of the five ten (510) trading days preceding the applicable a Repayment Date was less than 115% of the Fixed Conversion Price, then the Borrower shall pay in cash instead. Any part of the Monthly Amount due on such Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of because the closing price of the Common Stock on one or more of the five ten (510) trading days preceding the applicable Repayment Date was less than 115% of the Fixed Conversion Price) shall be paid within ten three (103) business days of the applicable Repayment Date;.

Appears in 1 contract

Samples: Tidel Technologies Inc

Monthly Amount Common Stock Payment Guidelines. Subject to Sections 2.1(a) and 2.2 hereof, if the Borrower has elected to pay all or a portion of the Monthly Amount due on such Repayment Date in shares of Common Stock and the closing price of the Common Stock as reported by Bloomberg, L.P. on the Principal Market (as defined in Section 4.7 hereof) for any of the five (5) trading days day preceding the applicable a Repayment Date was is less than 115106% of the Fixed Conversion Price, then the Borrower shall pay the Monthly Amount in cash instead. Any part of the Monthly Amount due on such a Repayment Date that the Borrower did not elect to pay in shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date. Any part of the Monthly Amount due on such Repayment Date which the Borrower elected to pay in shares of Common Stock but which must be paid in cash (as a result of the closing price of the Common Stock on one or more of the five (5) trading days preceding the applicable Repayment Date was less than 115% of the Fixed Conversion Price) shall be paid within ten three (103) business days of the applicable Repayment Date;.

Appears in 1 contract

Samples: Innovative Companies Inc

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