Optional Prepayment in Cash. The Borrower may prepay this Note at any time without penalty. The Borrower shall provide the Holder with ten (10) days’ prior written notice of its intention to prepay this Note, and the Holder shall have such ten (10) day period in which to exercise its right to convert this Note pursuant to Section 3 hereof. In the event the Holder does not convert this Note within such ten (10) day period, then the Borrower shall have the option of prepaying any Outstanding Principal and Outstanding Interest, without premium or penalty.
Appears in 3 contracts
Samples: Convertible Note (Desert Hawk Gold Corp.), Convertible Note (Desert Hawk Gold Corp.), Convertible Note (Desert Hawk Gold Corp.)
Optional Prepayment in Cash. The Borrower may prepay this Note at any time without penalty. The Borrower shall provide the Holder with ten (10) days’ prior written notice of its intention to prepay this Note, and the Holder shall have such ten (10) day period in which to exercise its right to convert this Note pursuant to Section 3 2 hereof. In the event the Holder does not convert this Note within such ten (10) day period, then the Borrower shall have the option of prepaying any Outstanding Principal and Outstanding Interest, without premium or penalty.
Appears in 2 contracts
Samples: Convertible Note Agreement (IIOT-OXYS, Inc.), Convertible Note (IIOT-OXYS, Inc.)
