Common use of Payment of Interest on the Notes Clause in Contracts

Payment of Interest on the Notes. The parties to this Amendment hereby agree that, notwithstanding anything to the contrary contained in the Notes, any and all payments of interest on the Notes shall be made, at the option of the Company (and not of the Holder), in cash or in shares of Common Stock at the then applicable Conversion Price.

Appears in 2 contracts

Samples: Grant Life Sciences, Inc., Veridicom International Inc

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Payment of Interest on the Notes. The parties to this Amendment hereby agree that, notwithstanding anything to the contrary contained in the Notes, any and all payments of interest on the Notes shall be made, at the option of the Company (and not of the Holder), made in cash or in shares of Common Stock at the then applicable Conversion Pricecash.

Appears in 1 contract

Samples: Veridicom International Inc

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Payment of Interest on the Notes. The parties to this Amendment hereby confirm and agree that, notwithstanding anything to the contrary contained in the Notes, any and all payments of interest on the Notes shall be made, at the option of the Company (and not of the Holder), in cash or in shares of Common Stock at the then applicable Conversion Price.

Appears in 1 contract

Samples: Avitar Inc /De/

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