Common use of Repayment of the Notes Clause in Contracts

Repayment of the Notes. The principal amount and accrued interest outstanding under each Note hereunder shall be due and payable on or before the second anniversary of the date of issuance of such Note (the "MATURITY DATE"), unless earlier prepaid under Section 3.03, converted under Section 3.05 (in which event interest will be forgiven).

Appears in 9 contracts

Samples: Convertible Promissory Note Purchase Agreement (3pea International, Inc.), Convertible Promissory Note Purchase Agreement (3pea Technologies Inc.), Convertible Promissory Note Purchase Agreement (3pea Technologies Inc.)

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Repayment of the Notes. The principal amount and accrued interest outstanding under each Note hereunder shall be due and payable on or before the second seventh anniversary of the date of issuance of such Note (the "MATURITY DATE"), unless earlier prepaid under Section 3.033.3, converted under Section 3.05 (in which event interest will be forgiven)or accelerated.

Appears in 1 contract

Samples: Convertible Promissory Note Purchase Agreement (Surfnet Media Group Inc)

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Repayment of the Notes. The principal amount and accrued interest outstanding under each Note hereunder shall be due and payable on or before the second fifth anniversary of the date of issuance of such Note (the "MATURITY DATE"), unless earlier prepaid under Section 3.03, converted under Section 3.05 (in which event interest will be forgiven)) or accelerated in accordance with Section 3.08.

Appears in 1 contract

Samples: Convertible Promissory Note Purchase Agreement (Liberate Technologies)

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