Common use of Notice of Optional Prepayment Clause in Contracts

Notice of Optional Prepayment. If the Company, with the agreement of the Required Purchasers, shall elect to prepay any Notes pursuant to Section 3.3 hereof, the Company shall give notice of such prepayment to Purchasers and each holder of the Notes to be prepaid not less than 30 days or more than 90 days prior to the date fixed for prepayment, specifying (a) the date on which such prepayment is to be made, (b) the principal amount of such Notes to be prepaid on such date, and (c) accrued interest applicable to the prepayment. Such notice shall be accompanied by a certificate of the president of the Company that such prepayment is being made in compliance with Section 3.3 hereof. Notice of prepayment having been so given, the aggregate principal amount of the Notes specified in such notice, together with accrued interest thereon shall become due and payable on the prepayment date set forth in such notice.

Appears in 4 contracts

Samples: Subordinated Convertible Note Purchase Agreement (A4s Technologies Inc), Subordinated Convertible Note Purchase Agreement (A4s Technologies Inc), Subordinated Convertible Note and Warrant Purchase Agreement (A4s Technologies Inc)

AutoNDA by SimpleDocs

Notice of Optional Prepayment. If the Company, with the agreement of the Required Purchasers, Company shall elect to prepay any Notes pursuant to Section 3.3 3.2 hereof, the Company shall give notice of such prepayment to Purchasers and each holder of the Notes to be prepaid not less than 30 thirty (30) days or more than 90 ninety (90) days prior to the date fixed for prepayment, specifying (ai) the date on which such prepayment is to be made, (bii) the principal amount of such Notes to be prepaid on such date, and (ciii) the premium, if any, and accrued interest applicable to the prepayment. Such notice shall be accompanied by a certificate of the president President or the Vice President and of the Treasurer of the Company that such prepayment is being made in compliance with Section 3.3 hereof3.2. Notice of prepayment having been so given, the aggregate principal amount of the Notes specified in such notice, together with accrued interest thereon and the premium, if any, shall become due and payable on the prepayment date set forth in such notice.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (O2wireless Solutions Inc)

AutoNDA by SimpleDocs

Notice of Optional Prepayment. If the Company, with the agreement of the Required Purchasers, Company shall elect to prepay any Notes pursuant to Section 3.3 3.03 hereof, the Company shall give notice of such prepayment to Purchasers Agent and each holder of the Notes to be prepaid not less than 30 ten (10) days or more than 90 ninety (90) days prior to the date fixed for prepayment, specifying (ai) the date on which such prepayment is to be made, (bii) the principal amount of such Notes to be prepaid on such date, and (ciii) the premium, if any, and accrued interest applicable to the prepayment. Such notice shall be accompanied by a certificate of the president President or the Chief Financial Officer of the Company that such prepayment is being made in compliance with Section 3.3 hereof3.03. Notice of prepayment having been so given, the aggregate principal amount of the Notes specified in such notice, together with accrued interest thereon and the premium, if any, shall become due and payable on the prepayment date set forth in such notice, unless such notice if withdrawn by the Company not less than three (3) days prior to such date.

Appears in 1 contract

Samples: Subordinated Note Agreement (Seracare Life Sciences Inc)

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