Common use of Payment of Redemption Payments Clause in Contracts

Payment of Redemption Payments. As a result of the payment of the Shares, a total of $252,000 shall be applied to pay the monthly redemption payments owing under the Preferred Stock in chronological order as follows: (i) the remaining redemption amount owed for the month of November, 2007 under the Series G Preferred Stock ($22,204), (ii) the monthly redemption amount ($122,178) owing under the Series I Preferred Stock for the months of November, 2007, and (iii) the remaining $107,618 to be applied to the monthly redemption amount ($122,178) owing under the Series G Preferred Stock for the month of December, 2007.

Appears in 1 contract

Samples: Securities Exchange Agreement (Jmar Technologies Inc)

AutoNDA by SimpleDocs

Payment of Redemption Payments. As a result of the payment of the Shares, a total of $252,000 204,400 shall be applied to pay the monthly redemption payments owing under the Preferred Stock in chronological order as follows: (i) the remaining redemption amount owed for the month of NovemberSeptember, 2007 under the Series I Preferred Stock ($48,782), (ii) the monthly redemption amount ($27,822) owing under the Series G Preferred Stock ($22,204)for the month of October, 2007, (iiiii) the monthly redemption amount ($122,178) owing under the Series I Preferred Stock for the months month of NovemberOctober, 2007, ; and (iiiiv) $5,618 of the remaining $107,618 to be applied to the monthly redemption amount ($122,178) owing under the Series G Preferred Stock for the month of DecemberNovember, 2007.

Appears in 1 contract

Samples: Securities Exchange Agreement (Jmar Technologies Inc)

Payment of Redemption Payments. As a result of the payment of the Shares, a total of $252,000 213,750 shall be applied to pay the monthly redemption payments owing under the Preferred Stock in chronological order as follows: (i) the remaining entire monthly redemption amount owed for the month of November, 2007 under the Series G Preferred Stock amounts ($22,204), (ii) the monthly redemption amount ($122,178) owing under the Series I Preferred Stock for the months of November, 2007, and (iii) the remaining $107,618 to be applied to the monthly redemption amount ($122,17827,822 per month) owing under the Series G Preferred Stock for the months of February through August, 2007 (for a total of $194,754), and (ii) $18,996 of the redemption amount owing under the Series I Preferred Stock for the month of DecemberAugust, 2007.

Appears in 1 contract

Samples: Securities Exchange Agreement (Jmar Technologies Inc)

AutoNDA by SimpleDocs

Payment of Redemption Payments. As a result of the payment of the Shares, a total of $252,000 204,400 shall be applied to pay the monthly redemption payments owing under the Preferred Stock in chronological order as follows: (i) the remaining redemption amount owed for the month of NovemberAugust, 2007 under the Series G I Preferred Stock ($22,204103,182), (ii) the monthly redemption amount ($122,178) owing under the Series I Preferred Stock for the months of November, 2007, and (iii) the remaining $107,618 to be applied to the monthly redemption amount ($122,17827,822) owing under the Series G Preferred Stock for the month of DecemberSeptember, 2007, and (iii) $73,396 of the redemption amount owing under the Series I Preferred Stock for the month of September, 2007.

Appears in 1 contract

Samples: Securities Exchange Agreement (Jmar Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!