Common use of Prepayment of Principal Clause in Contracts

Prepayment of Principal. The principal indebtedness represented by this Note, together with all unpaid accrued interest thereon, may be prepaid in whole or in part, without the consent of the holder of this Note, subject to the right of the holder hereof to convert the outstanding principal and accrued interest in accordance with Section 2 hereof.

Appears in 2 contracts

Samples: Convertible Promissory Note (NitroSecurity, Inc.), Convertible Note (NitroSecurity, Inc.)

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Prepayment of Principal. The principal indebtedness represented by this Note, together with all unpaid accrued interest thereon, Note may be prepaid at any time in whole or in part, without with the consent of the holder of this NoteLender, subject to the right of the holder hereof Lender to convert the outstanding principal and accrued interest in accordance with Section 2 hereof.

Appears in 1 contract

Samples: Convertible Promissory Note Amendment (Omagine, Inc.)

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Prepayment of Principal. The principal indebtedness represented by this Note, together with all unpaid accrued interest thereon, Note may be prepaid in whole or in partpart at any time and from time to time, without premium, at the option of the Company without the consent of the holder of this Note, subject to the right of the holder hereof to convert the outstanding principal and accrued interest in accordance with Section 2 Holder hereof.

Appears in 1 contract

Samples: Convertible Note (Zoom Technologies Inc)

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