Common use of Payment Upon Maturity Date Clause in Contracts

Payment Upon Maturity Date. (i) Holder may elect to have the Company pay this Note in full by delivering written notice of such election to the Company, with a copy to the other Holders, one hundred and twenty (120) days in advance of the Maturity Date (or 120 days in advance of any other date after the Maturity Date), in which event the Company shall pay this Note (including all accrued and accreted interest) in three (3) semi-annual installments beginning on the Maturity Date or such later date.

Appears in 5 contracts

Samples: Note Purchase Agreement (Orion Energy Systems, Inc.), Orion Energy Systems, Inc., Orion Energy Systems, Inc.

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