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 (a)(i)-(ix), (a)(xii), (a)(xiii) and (a)(xiv) hereof, the Holder shall have the right, at such Holder’s option, to require the Maker to prepay in cash all or a portion of this Note at a price equal to one hundred ten percent (110%) of the aggregate principal amount of this Note being prepaid plus all accrued and unpaid interest 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 (Ambient Corp /Ny), Secured Convertible Promissory Note (Ambient Corp /Ny)

AutoNDA by SimpleDocs

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 (a)(i)-(ix), (a)(xii), (a)(xiii2.1(a)-(j) and (a)(xiv2.1(m)-(o) 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 one hundred ten twenty percent (110120%) of the aggregate principal amount of this Note being prepaid plus all accrued and unpaid interest applicable at the time of such requestrequest (the “Event of Default Prepayment Price”). 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 (Eden Energy Corp)

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 (a)(i)-(ix), (a)(xii), (a)(xiii) and (a)(xiv2.1(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 one hundred ten percent (110%) of the aggregate principal amount of this Note being prepaid plus all accrued and unpaid interest applicable at the SERIES A SENIOR CONVERTIBLE PROMISSORY NOTE PAGE 14 OF 23 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: Senior Convertible Promissory Note (In Touch Media Group, Inc.)

AutoNDA by SimpleDocs

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 (a)(i)-(ix), (a)(xii), (a)(xiii) and (a)(xiv) 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 one hundred ten percent (110%) of the aggregate principal amount of this Note being prepaid plus all accrued and unpaid interest 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: Secured Convertible Promissory Note (Ambient Corp /Ny)

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