Redemption of Note. The Note is subject to redemption at the option of the Authority prior to the maturity thereof at any time as a whole or in part from time to time in such principal amount as the Authority shall determine, at a redemption price equal to 100% of the principal amount then being redeemed plus accrued interest thereon to the date fixed for redemption.
Redemption of Note. AmeriCredit, the Servicer, the Custodian, the Sellers and the Debtor shall instruct the Collateral Agent, upon redemption or payment in full of the Note pursuant to the Security Agreement or otherwise, to furnish to the Insurer a notice of such redemption and, upon a redemption or payment in full of the Note, to surrender the Policy to the Insurer for cancellation.
Redemption of Note. On or before, September 11, 2017, the Company shall have the right to redeem 80% of the remaining principal of the Note, calculated to be $43,117.60 plus premium interest of the Note. Notwithstanding anything else in this agreement to the contrary, in the event the Company does not make the $43,117.60 payment on or prior to September 11, 2017, then the Creditor shall have the right to convert the remaining principal of the Note plus accumulated interest into shares of Company Common Stock as stated in Note agreement.
Redemption of Note. 9.1 REDEMPTION BY THE COMPANY Commencing May 20, 2002 until May 20, 2003, the Note may be redeemed by the Company, in whole or in an amount of at least Fifty Million Dollars ($50,000,000), and in increments of One Million Dollar ($1,000,000) in excess thereof, upon notice as set forth in Section 9.2, at a redemption price equal to the face amount of the portion of Note to be redeemed plus accrued and unpaid interest, if any, to, but excluding, the date of redemption (the "Redemption Date"), if the Closing Price shall have equaled or exceeded one hundred twenty percent (120%) of the Conversion Price then in effect for the twenty (20) consecutive Trading Days ending on the date of mailing of the notice of redemption pursuant to Section 9.2 (the "Notice Date"). At any time on or after May 20, 2003, and prior to maturity, the Note may be redeemed at the option of the Company, in whole or in an amount of at least Fifty Million Dollars ($50,000,000), and in increments of One Million Dollar ($1,000,000) in excess thereof, upon notice as set forth in Section 9.2, at the face amount of the portion of the Note to be redeemed, together with accrued and unpaid interest, if any, to, but excluding, the Redemption Date, if the Closing Price shall have equaled or exceeded the Conversion Price then in effect for the twenty (20) consecutive Trading Days ending on the Notice Date. The Note shall remain convertible until fully redeemed or repaid.
Redemption of Note. On or before, September 11, 2017, the Company shall have the right to prepay $24,379.86 of outstanding amounts due under the Note. Notwithstanding anything else in this agreement to the contrary, in the event the Company does not make the $24,379.86 payment on or prior to September 11, 20 I 7, then the Creditor shall have the right to convert all amounts due under the Note into shares of Company Common Stock at a conversion price equal to the lower of (i) $0.015 per share or (ii) the conversion formulae set forth in Section 4(a) of the Note.
Redemption of Note. Subject to the Lender’s Conversion Right, the Borrower may at an time and from time to time (the “Redemption Date”), at its option, on any one or more occasion prepay all or a apart of the Principal Amount in cash. The Borrower will give notice of early redemption (the “Redemption Notice”) to the Lender not more than 10 calendar days or less than two business days’ prior to the Redemption Date. Every Redemption Notice shall specific the aggregate Principal Amount of the Convertible Promissory Note called for redemption and the Redemption Date.
Redemption of Note. If Holder elects not to convert this Note into the Next Securities in connection with a Next Financing in accordance with Section 5(a) hereof, then the Company shall repay this Note in full within five (5) Business Days of the closing of such Next Financing.
Redemption of Note. Pre-Raising of Funds. On or before, April 28, 2017, the Company shall pay $28,260 towards the Note.. Notwithstanding anything else in this agreement to the contrary, in the event the Company does not make the $28,260 payment on or prior to April 28, 2017, then the Creditor shall have the right to convert $40,000 in principal of the Note into shares of Company Common Stock at a conversion price of $0.02 per share without any lockup.
Redemption of Note. At any time until the Note has been repaid in full, the Company may, at its sole option, redeem a portion of the outstanding principal amount of the Note, from time to time, or the entire outstanding principal amount of the Note, plus any and all accrued but unpaid interest on such principal amount, through the date of repayment (such entire outstanding principal amount, plus all such accrued but unpaid interest, hereinafter referred to for purposes of this Agreement as the “Redemption Amount”) by paying to the holder of the Note: (i) 113% of the Redemption Amount if the date of repayment occurs any time prior to or on the first anniversary of this Agreement; (ii) 109.75% of the Redemption Amount if the date of repayment occurs any time after the first anniversary of this Agreement but prior to or on the second anniversary of this Agreement; (iii) 106.50% of the Redemption Amount if the date of repayment occurs any time after the second anniversary of this Agreement but prior to or on the third anniversary of this Agreement; (iv) 103.25% of the Redemption Amount if the date of repayment occurs any time after the third anniversary of this Agreement but prior to or on the fourth anniversary of this Agreement; and (v) 100.00% of the Redemption Amount if the date of repayment occurs any time after the fourth anniversary of this Agreement but prior to or on the Note Maturity Date.
Redemption of Note. (a) Subject to and upon compliance with the provisions of this Section 7, this Note may be redeemed in whole or in part at the option of the Lender on or after any Redemption Date with the net proceeds of any Equity Sale ("Equity Proceeds"). For purposes of this Note, "Redemption Date" means the effective date of any Equity Sale (as hereinafter defined) following the date hereof by the Borrower, and "Equity Sale" means any distribution of Common Stock, par value $.01 per share, of the Borrower, whether pursuant to an offering registered under the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, or pursuant to any offering exempt from such registration; provided that "Equity Sale" shall not include the issuance or sale of any shares of Common Stock to any employees or directors of the Borrowers pursuant to any employee benefit plans, stock option plans or similar arrangements.
