Common use of Optional Redemption in Cash Clause in Contracts

Optional Redemption in Cash. The Companies will have the option of prepaying this Note ("Optional Redemption") by paying to the Holder a sum of money equal to one hundred twenty percent (120%) of the principal amount of this Note together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note, the Security Agreement, or any other Ancillary Agreement (the "Redemption Amount") outstanding on the Redemption Payment Date (as defined below). The Company shall deliver to the Holder a written notice of redemption (the "Notice of Redemption") specifying the date for such Optional Redemption (the "Redemption Payment Date"), which date shall not be less than seven (7) days after the date of the Notice of Redemption (the "Redemption Period"). A Notice of Redemption shall not be effective with respect to any portion of this Note for which the Holder has previously delivered a Notice of Conversion (defined below) pursuant to Section 3.1, or for conversions elected to be made by the Holder pursuant to

Optional Redemption in Cash. The Companies will have the option of prepaying Company may prepay this Note ("Optional RedemptionOPTIONAL REDEMPTION") by paying to the Holder a sum of money equal to one hundred twenty percent (120%) of the principal amount of this Note Principal Amount outstanding at such time together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note, the Security Agreement, Purchase Agreement or any other Ancillary Related Agreement (the "Redemption AmountREDEMPTION AMOUNT") outstanding on the Redemption Payment Date (as defined below). The Company shall deliver to the Holder a written notice of redemption (the "Notice of RedemptionNOTICE OF REDEMPTION") specifying the date for such Optional Redemption (the "Redemption Payment REDEMPTION PAYMENT Date"), which date shall not be less than seven ten (710) business days after the date of the Notice of Redemption (the "Redemption PeriodREDEMPTION PERIOD"). A Notice of Redemption shall not be effective with respect to any portion of this Note for which the Holder has previously delivered a Notice of Conversion (defined belowas hereinafter defined) pursuant to Section 3.1, or for conversions elected to be made by the Holder pursuant toto Section 3.3 during the Redemption

Optional Redemption in Cash. The Companies will have the option of prepaying this Note ("“Optional Redemption"”) by paying to the Holder a sum of money equal to one hundred twenty thirty percent (120130%) of the principal amount of this Note together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note, the Security Agreement, or any other Ancillary Agreement (the "“Redemption Amount"”) outstanding on the Redemption Payment Date (as defined below). The Company shall deliver to the Holder a written notice of redemption (the "“Notice of Redemption"”) specifying the date for such Optional Redemption (the "“Redemption Payment Date"”), which date shall not be less than seven (7) days after the date of the Notice of Redemption (the "“Redemption Period"”). A Notice of Redemption shall not be effective with respect to any portion of this Note for which the Holder has previously delivered a Notice of Conversion (defined below) pursuant to Section 3.1, or for conversions elected to be made by the Holder pursuant toto Section 3.1 during the Redemption Period. The Redemption Amount shall be determined as if such Xxxxxx’s conversion elections had been completed immediately prior to the date of the Notice of

Optional Redemption in Cash. The Companies will have the option of prepaying Company may prepay this Note ("Optional RedemptionOPTIONAL REDEMPTION") by paying to the Holder a sum of money equal to one hundred twenty percent (120%) of the principal amount of this Note Principal Amount outstanding at such time together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note, the Security Agreement, Purchase Agreement or any other Ancillary Related Agreement (the "Redemption AmountREDEMPTION AMOUNT") outstanding on the Redemption Payment Date (as defined below). The Company shall deliver to the Holder a written notice of redemption (the "Notice of RedemptionNOTICE OF REDEMPTION") specifying the date for such Optional Redemption (the "Redemption Payment DateREDEMPTION PAYMENT DATE"), which date shall not be less than seven ten (710) business days after the date of the Notice of Redemption (the "Redemption PeriodREDEMPTION PERIOD"). A Notice of Redemption shall not be effective with respect to any portion of this Note for which the Holder has previously delivered a Notice of Conversion (defined belowas hereinafter defined) pursuant to Section 3.1, or for conversions elected to be made by the Holder pursuant toto Section 3.3 during the Redemption