Monthly Redemption. Beginning January 1, 2008, on each Monthly Redemption Date the Company shall redeem the Holder’s Monthly Redemption Amount plus accrued but unpaid interest, the sum of all liquidated damages and any other amounts then owing to such Holder in respect of the Note. The Monthly Redemption Amount due on each Monthly Redemption Date shall be paid in cash.
Appears in 2 contracts
Samples: Security Agreement (Shea Development Corp.), Security Agreement (Shea Development Corp.)
Monthly Redemption. Beginning January 1June 30, 2008, on each Monthly Redemption Date the Company shall redeem the Holder’s Monthly Redemption Amount plus accrued but unpaid interest, the sum of all liquidated damages and any other amounts then owing to such Holder in respect of the Note. The Monthly Redemption Amount due on each Monthly Redemption Date shall be paid in cash.
Appears in 2 contracts
Samples: Security Agreement (United Benefits & Pension Services, Inc.), Security Agreement (United Benefits & Pension Services, Inc.)
