Common use of Optional Redemption of Principal Amount Clause in Contracts

Optional Redemption of Principal Amount. At any time after the date hereof, the Borrower will have the option of prepaying the outstanding Principal Amount (“Optional Redemption”), in whole or in part, by paying to the Holder a sum of money equal to one hundred and ten percent (110%) of the remaining principal balance (the “Redemption Amount”) on the Redemption Payment Date (as defined below). The Borrower shall deliver to the Holder a notice of redemption (the “Notice of Redemption”) specifying the date for such Optional Redemption (the “Redemption Payment Date”), which date shall be not less than ten (10) business days after the date of the Notice of Redemption (the “Redemption Period”). On the Redemption Payment Date, the Redemption Amount shall be paid in good funds to the Holder. In the event the Borrower fails to pay the Redemption Amount on the Redemption Payment Date as set forth here, then such Notice of Redemption will be null and void.

Optional Redemption of Principal Amount. At any time after the date hereof, the Borrower will have the option of prepaying the outstanding Principal Amount (“Optional Redemption”), in whole or in part, by paying to the Holder a sum of money equal to one hundred and ten percent (110100%) of the remaining principal balance portion of the Principal Amount to be redeemed, together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Term Note, the Purchase Agreement or any Related Agreement (the “Redemption Amount”) on the Redemption Payment Date (as defined below). The Borrower shall deliver to the Holder a notice of redemption (the “Notice of Redemption”) specifying the date for such Optional Redemption (the “Redemption Payment Date”), which date shall be not less than ten (10) business days after the date of the Notice of Redemption (the “Redemption Period”). On the Redemption Payment Date, the Redemption Amount shall be paid in good funds to the Holder. In the event the Borrower fails to pay the Redemption Amount on the Redemption Payment Date as set forth here, then such Notice of Redemption will be null and void.

Optional Redemption of Principal Amount. At any time after the date hereof, the The Borrower will have the option of prepaying the outstanding Principal Amount (“"Optional Redemption”"), in whole or in part, by paying to the Holder a sum of money equal to (i) one hundred and ten percent (110100%) of the remaining principal balance Principal Amount to be redeemed, together with accrued but unpaid interest thereon and (ii) any and all other sums due, accrued or payable to the Holder arising under this Note, the Purchase Agreement or any Related Agreement (the “preceding clauses (i) and (ii), collectively, the "Redemption Amount”") on the Amortizing Redemption Payment Date (as defined below). The Borrower shall deliver to the Holder a notice of redemption (the “"Notice of Redemption”") specifying the date for such Optional Redemption (the “"Redemption Payment Date”"), which date shall be not less than ten seven (107) business days after the date of the Notice of Redemption (the “"Redemption Period”"). On the Redemption Payment Date, the Redemption Amount shall be paid in good funds to the Holder. In the event the Borrower fails to pay the Redemption Amount on the Redemption Payment Date as set forth here, then such Notice of Redemption will be null and void.