Common use of Redemption Procedure Clause in Contracts

Redemption Procedure. Any payment pursuant to an Optional Redemption shall be payable on the Optional Redemption Date. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company by the applicable due date, interest shall accrue thereon at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law until such amount is paid in full.

Appears in 2 contracts

Samples: Synthesis Energy Systems Inc, Synthesis Energy Systems Inc

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Redemption Procedure. Any The payment of cash pursuant to an Optional Redemption shall be payable made on the Optional Redemption Date. If any portion of the cash payment pursuant to for an Optional Redemption shall has not be been paid by the Company by Corporation on the applicable due dateOptional Redemption Date, interest shall accrue thereon until such amount is paid in full at an interest a rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law until such amount is paid in fulllaw.

Appears in 1 contract

Samples: Securities Purchase Agreement (Innovation Pharmaceuticals Inc.)

Redemption Procedure. Any The payment of cash pursuant to an Optional Redemption shall be payable made on the Optional Redemption Date. If any portion of the cash payment pursuant to for an Optional Redemption shall not be paid by the Company Corporation by the applicable respective due date, interest shall accrue thereon at an interest the rate equal to the lesser of 1815% per annum (or the maximum rate permitted by applicable law law, whichever is less) until the such amount payment, plus all amounts owing thereon, is paid in full.

Appears in 1 contract

Samples: Pure Earth, Inc.

Redemption Procedure. Any The payment of cash pursuant to an Optional Redemption shall be payable on the applicable Optional Redemption Date. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company by the applicable due dateOptional Redemption Date, interest shall accrue thereon on the aggregate amount payable by the Company at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law Default Rate until such amount is paid in full.

Appears in 1 contract

Samples: InspireMD, Inc.

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Redemption Procedure. Any The payment of cash pursuant to an Optional Redemption shall be payable on the Optional Redemption Date. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company by the applicable due date, interest shall accrue thereon at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law until such amount is paid in full.

Appears in 1 contract

Samples: IntelGenx Technologies Corp.

Redemption Procedure. Any The payment of cash pursuant to an Optional Redemption shall be payable made on the Optional Redemption Date. If any portion of the cash payment pursuant to for an Optional Redemption shall has not be been paid by the Company by Corporation on the applicable due dateOptional Redemption Date, interest shall accrue thereon until such amount is paid in full at an interest a rate equal to the lesser of 1815% per annum or the maximum rate permitted by applicable law until such amount is paid in fulllaw.

Appears in 1 contract

Samples: Securities Purchase Agreement (Lilis Energy, Inc.)

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