Payment of Principal Amount. Purchaser shall have paid by check or wire transfer of immediately available funds the principal amount set forth on the signature page of this Agreement.
Payment of Principal Amount. (a) Payment in Cash or Common Stock. If the Principal Amount (or a portion of the Principal Amount if not all of the Principal Amount may be converted into shares of Common Stock, par value $0.001, of the Parent (the "Common Stock") pursuant to Section 3.2) is required to be paid in cash pursuant to Section 2.1(b), then the Companies shall, jointly and severally, pay the Holder an amount in cash equal to 100% of the Principal Amount (or such portion of the Principal Amount to be paid in cash) due and owing to the Holder on the Maturity Date. If the Principal Amount (or a portion of the Principal Amount if not all of the Principal Amount may be converted into shares of Common Stock pursuant to Section 3.2) is required to be paid in shares of Common Stock pursuant to Section 2.1(b), the number of such shares to be issued by the Parent to the Holder on the Maturity Date (in respect of such portion of the Principal Amount converted into shares of Common Stock pursuant to Section 2.1(b)), shall be the number determined by dividing (i) the portion of the Principal Amount converted into shares of Common Stock, by (ii) the then applicable Fixed Conversion Price. For purposes hereof, subject to Section 3.6 hereof, the initial "Fixed Conversion Price" means $ 0.00111.
Payment of Principal Amount. (a) The Borrower shall pay to the Lender the Principal Amount of the Note in full on December 15, 2022 (the “Interest Rate Reset Date”); provided however, if on the Interest Rate Reset Date the following statements shall be true and correct and the Lender shall have received a certificate incorporating by reference the definitions of the capitalized terms defined in this Agreement, signed by the Director and dated the Interest Rate Reset Date, stating that (i) the representations and warranties of the Borrower contained herein and in each of the other Related Documents are true and correct on and as of the Interest Rate Reset Date as though made on and as of such date, (ii) no Default or Event of Default has occurred and is continuing as of Interest Rate Reset Date, and (iii) no Event of Non-Allocation or Event of Non-Allocation (OLA) has occurred, commencing on the Interest Rate Reset Date the Note shall bear interest at the Bank Rate and be subject to amortization as set forth in Section 3.01(b) below.
(b) If the conditions set forth in Section 3.01(a) are satisfied on the Interest Rate Reset Date, the outstanding principal amount of the Note shall be paid in installments payable on each Amortization Payment Date (each such payment, an “Amortization Payment”), with the final installment in an amount equal to the entire then-outstanding principal amount of the Note to be paid in full on the Final Maturity Date (the period commencing on the Interest Rate Reset Date and ending on the Final Maturity Date is herein referred to as the “Amortization Period”). Each Amortization Payment shall be in an amount determined as set forth below: AMORTIZATION PAYMENT DATE December 15, 2023 33.4% of the outstanding principal amount of the Loan on such date December 15, 2024 33.3% of the outstanding principal amount of the Loan on such date December 15, 2025 (Final Maturity Date) Remaining amount of the outstanding principal amount of the Loan on such date Notwithstanding the foregoing and pursuant to the terms of Section 7.02 hereof, upon an Event of Default, the Lender may cause an acceleration of the Note by delivering a written notice to the Borrower that an Event of Default has occurred and is continuing and instructing the Borrower that the Note is subject to acceleration.
Payment of Principal Amount. On redemption or on maturity of the Debentures, the Corporation shall satisfy its obligation to pay the principal amount of the Debentures which are to be redeemed or which have matured in cash.
Payment of Principal Amount. The dates on which the principal amount of the Securities shall be payable shall be March 10, 2014.
Payment of Principal Amount. The Company shall pay to the Holder on the outstanding Principal Amount on November 15th, 2009 (the "Maturity Date").
Payment of Principal Amount. The Principal Amount of this Note shall be due and payable to the Holder on the earlier of (A) the Maturity Date and (B) the date on which the Principal Amount is otherwise accelerated as provided for under this Note. Except as set forth in Section 2(b) or Section 2(c), the Borrower may not prepay or redeem all or any portion of the Principal Amount of this Note without the prior written consent of the Holder. Upon the occurrence and during the continuation of any Event of Default, the outstanding Principal Amount and, to the extent permitted by applicable law, any interest payments thereon not paid when due and any fees and other amounts then due and payable hereunder, shall thereafter, automatically in the case of an Event of Default under Section 12(a)(v) or Section 12(a)(vi), and at the written election of the Holder otherwise, bear interest (including post-petition interest in any proceeding under any applicable bankruptcy laws) payable upon written demand at the rate otherwise applicable thereto, plus 2.00% per annum. Payment or acceptance of the increased rate of interest provided for in this paragraph is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of the Holder Representative, the Collateral Agent, the Holder or the holders of the other Notes.
Payment of Principal Amount. The principal amount and any interest due upon maturity on the Notes or on any Note outstanding shall be paid by the Corporation to the Trustee for payment to the Holder of such Notes or Note upon presentation and surrender of the Notes or Note by the Holder to the Trustee at the office of the Trustee in the City of Calgary on the Maturity Date. Upon payment of the principal amount together with any accrued and unpaid interest the Note shall be cancelled by the Trustee.
Payment of Principal Amount. (a) The Principal Amount that is due and payable shall be punctually paid or duly provided for by the Company, Trustee prior to the Stated Maturity date. Following receipt of such funds, the Trustee shall pay such Principal Amount to the person in whose name that Security is registered at the close of business on the Regular Record Date for such Principal Amount at the office or agency of the Company maintained for such purpose. Each Principal Amount shall be paid in Cash to Payex'x xddress located inside the United States.
(b) Except as otherwise specified with respect to the Security, any Principal Amount on any Security that is payable, but is returned undeliverable to the Trustee following any applicable Maturity Date (herein called "Defaulted Principal") shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Principal Amount may be paid by the Company, at its election in each case, as provided in clause (i) and (ii) below:
(i) The Company may elect to make payment of any Defaulted Principal Amount to the persons in whose names the Securities are registered at the close of business on a Special Record Date for the payment of such Defaulted Principal Amount, which shall be fixed in the following manner. At any time following receipt of the Trustee's report of Defaulted Principal, the Company shall notify the Trustee in writing of the amount of Defaulted Principal Amouxx xxxposed to be paid on each Security and the date of the proposed payment (which shall not be less than 20 days after such notice is received by the Trustee), and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Principal Amount or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of proposed payment, such money when deposited to be held in trust for the benefit of the persons entitled to such Defaulted Principal Amount as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Principal Amount which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the...
Payment of Principal Amount. The Purchaser shall have delivered the Principal Amount specified in Section 1.3 on or prior to such Closing.
