Common use of Monthly Redemption Clause in Contracts

Monthly Redemption. On each Monthly Redemption Date, the Company shall redeem a portion of the Note equal to the Monthly Redemption Amount (the “Monthly Redemption”) at 110% of the principal amount thereof plus accrued and unpaid interest and all other amounts to the redemption date. The Monthly Redemption Amount payable on each Monthly Redemption Date shall be paid in cash.

Appears in 3 contracts

Samples: Curative Biotechnology Inc, Jupiter Neurosciences, Inc., Curative Biotechnology Inc

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Monthly Redemption. On Beginning January 1, 2008, on each Monthly Redemption Date, Date the Company shall redeem a portion of the Note equal to the Holder’s Monthly Redemption Amount (plus accrued but unpaid interest, the “Monthly Redemption”) at 110% sum of all liquidated damages and any other amounts then owing to such Holder in respect of the principal amount thereof plus accrued and unpaid interest and all other amounts to the redemption dateNote. The Monthly Redemption Amount payable due on each Monthly Redemption Date shall be paid in cash.

Appears in 2 contracts

Samples: Shea Development Corp., Shea Development Corp.

Monthly Redemption. On each Monthly Redemption Date, the Company shall redeem a portion of the Note equal to the Monthly Redemption Amount (the “Monthly Redemption”) at 110% of the principal amount thereof plus accrued and unpaid interest and all other amounts to the redemption date). The Monthly Redemption Amount payable on each Monthly Redemption Date shall be paid in cash.

Appears in 2 contracts

Samples: Securities Amendment Agreement (Emmaus Life Sciences, Inc.), Emmaus Life Sciences, Inc.

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Monthly Redemption. On Beginning June 30, 2008, on each Monthly Redemption Date, Date the Company shall redeem a portion of the Note equal to the Holder’s Monthly Redemption Amount (plus accrued but unpaid interest, the “Monthly Redemption”) at 110% sum of all liquidated damages and any other amounts then owing to such Holder in respect of the principal amount thereof plus accrued and unpaid interest and all other amounts to the redemption dateNote. The Monthly Redemption Amount payable due on each Monthly Redemption Date shall be paid in cash.

Appears in 2 contracts

Samples: United Benefits & Pension Services, Inc., United Benefits & Pension Services, Inc.

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