Common use of Prepayment Upon an Event of Default Clause in Contracts

Prepayment Upon an Event of Default. Notwithstanding anything to ------------------------------------- the contrary contained herein, upon the occurrence of an Event of Default described in Sections 2.1(c)-(k) hereof, the Holder shall have the right, at such Holder's option, to require the Maker to prepay all or a portion of this Note at a price equal to Prepayment Price (as defined in Section 3.7(c) below) applicable at the time of such request. Nothing in this Section 3.7(a) shall limit the Holder's rights under Section 2.2 hereof.

Appears in 5 contracts

Samples: Convertible Promissory Note (Amanda Co Inc), Convertible Promissory Note (Amanda Co Inc), Convertible Promissory Note (Amanda Co Inc)

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Prepayment Upon an Event of Default. Notwithstanding anything to ------------------------------------- the contrary contained herein, upon the occurrence of an Event of Default described in Sections 2.1(c)-(k2.1(a)-(k) hereof, the Holder shall have the right, at such Holder's option, to require the Maker to prepay all or a portion of this Note at a price equal to Prepayment Price (as defined in Section 3.7(c) below) applicable at the time of such request. Nothing in this Section 3.7(a) shall limit the Holder's rights under Section 2.2 hereof.

Appears in 2 contracts

Samples: Secured Convertible Promissory Note (Armitec Inc), Secured Convertible Promissory Note (Armitec Inc)

Prepayment Upon an Event of Default. Notwithstanding anything to ------------------------------------- the contrary contained herein, upon the occurrence of an Event of Default described in Sections 2.1(c)-(k2.1(b)-(k) hereof, the Holder shall have the right, at such Holder's ’s option, to require the Maker to prepay in cash all or a portion of this Note at a price equal to the Triggering Event Prepayment Price (as defined in Section 3.7(c) below) applicable at the time of such request. Nothing in this Section 3.7(a) shall limit the Holder's ’s rights under Section 2.2 hereof.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Apollo Resources International Inc)

Prepayment Upon an Event of Default. Notwithstanding anything to ------------------------------------- the contrary contained herein, upon the occurrence of an Event of Default described in Sections 2.1(c)-(k) hereof, the Holder shall have the right, at such Holder's option, to require the Maker to prepay all or a portion of this Note at a price equal to Prepayment Price (as defined in Section 3.7(c) below) applicable at the time of such request. Nothing in this Section 3.7(a) shall limit the Holder's rights under Section 2.2 hereof.

Appears in 1 contract

Samples: Note Agreement (Imaging Technologies Corp/Ca)

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Prepayment Upon an Event of Default. Notwithstanding anything to ------------------------------------- the contrary contained herein, upon the occurrence of an Event of Default described in Sections 2.1(c)-(k2.1(d)-(k) hereof, the Holder shall have the right, at such Holder's option, to require the Maker to prepay all or a portion of this Note at a price equal to Prepayment Price (as defined in Section 3.7(c) below) applicable at the time of such request. Nothing in this Section 3.7(a) shall limit the Holder's rights under Section 2.2 hereof.

Appears in 1 contract

Samples: Senior Secured Convertible Promissory Note (Vertel Corp)

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