Common use of Prepayment Right Clause in Contracts

Prepayment Right. As set forth in the Note, at any time following the Prepayment Right Date and upon giving the prior written notice set forth in the Note , the Company will have the right to pre-pay the entire then-outstanding principal amount of the Note at any time (the “Prepayment Right”); provided, that in the event that the Company elects to exercise its Prepayment Right, the Investor will have the option to convert up to one-third (1/3) of the Principal Amount of the Note, at a price per share equal to the lesser of the Repayment Share Price or the Conversion Price (as each such term is defined in the Note).

Appears in 3 contracts

Samples: Securities Purchase Agreement (Abvc Biopharma, Inc.), Securities Purchase Agreement (Abvc Biopharma, Inc.), Securities Purchase Agreement (Abvc Biopharma, Inc.)

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Prepayment Right. As set forth in the Note, at any time following the Prepayment Right Date in its sole discretion and upon giving the prior written notice set forth in the Note Note, the Company will have the right to pre-pay the entire then-outstanding principal amount of the Note at any time with no penalty or premium of any kind (the “Prepayment Right”); provided, that in the event that the Company elects to exercise its Prepayment Right, the Investor will have the option to convert up to onethirty-third three percent (1/333%) of the Principal Amount then outstanding principal amount of the Note, at a price per share equal to the lesser of the Repayment Share Price or the Conversion Price (as each such term is defined in the Note).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Wisa Technologies, Inc.), Securities Purchase Agreement (Summit Wireless Technologies, Inc.)

Prepayment Right. As set forth in the NoteNotes, at any time following the Prepayment Right Date and upon giving the prior written notice set forth in the Note each Note, the Company will have the right to pre-pay the entire then-outstanding principal amount of the such Note at any time in accordance with the terms thereof (the “Prepayment Right”); provided, that in the event that the Company elects to exercise its Prepayment Right, the Investor will have the option to convert up to one-third (1/3) of the Principal Amount of the such Note, at a price per share equal to the lesser of the Repayment Share Price or the Conversion Price (as each such term is defined in the such Note).

Appears in 1 contract

Samples: Securities Purchase Agreement (Know Labs, Inc.)

Prepayment Right. As set forth in the NoteNotes, at any time following the Prepayment Right Date and upon giving the prior written notice set forth in the Note each Note, the Company will have the right to pre-pay the entire then-outstanding principal amount of the such Note at any time (the “Prepayment Right”); provided, that in the event that the Company elects to exercise its Prepayment Right, the Investor will have the option to convert up to one-third (1/3) of the Principal Amount of the such Note, at a price per share equal to the lesser of the Repayment Share Price or the Conversion Price (as each such term is defined in the such Note).

Appears in 1 contract

Samples: Securities Purchase Agreement (Blue Star Foods Corp.)

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Prepayment Right. As set forth in the Note, at any time following the Prepayment Right Date in its sole discretion and upon giving the prior written notice set forth in the Note Note, the Company will have the right to pre-pay the entire then-outstanding principal amount of the Note at any time with no premium (the “Prepayment Right”); provided, that in the event that the Company elects to exercise its Prepayment Right, the Investor will have the option to convert up to one-third (1/3) of the Principal Amount of the Note, at a price per share equal to the lesser of the Repayment Share Price or the Conversion Price (as each such term is defined in the Note).

Appears in 1 contract

Samples: Securities Purchase Agreement (Gse Systems Inc)

Prepayment Right. As set forth in the Note, at any time following the Prepayment Right Date in its sole discretion and upon giving the prior written notice set forth in the Note Note, the Company will have the right to pre-pay the entire then-outstanding principal amount of the Note at any time with no penalty or premium of any kind (the “Prepayment Right); provided, that in the event that the Company elects to exercise its Prepayment Right, the Investor will have the option to convert up to onetwenty-third five percent (1/325%) of the Principal Amount of the NoteAmount, at a price per share equal to the lesser of the Repayment Share Price or the Conversion Price (as each such term is defined in the Note).

Appears in 1 contract

Samples: Securities Purchase Agreement (Siyata Mobile Inc.)

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