Repurchase Right Upon Repurchase Event. If there shall occur a Repurchase Event, then, in addition to any other right or remedy of the Holder, the Holder shall have the right, at the Holder's option, to require the Company to repurchase all of this Note, or any portion hereof (in a minimum principal amount of $100,000 or integral multiples thereof (or such lesser remaining principal amount of this Note)), on the repurchase date that is three Business Days after the date of the Holder Notice delivered with respect to such Repurchase Event. The Holder shall have the right to require the Company to repurchase all or any such portion of this Note if a Repurchase Event occurs at any time while any portion of the principal amount of this Note is outstanding at a price equal to the Repurchase Price.
Appears in 2 contracts
Samples: 12% Secured Convertible Note (Transmedia Asia Pacific Inc), 12% Secured Convertible Note (Transmedia Asia Pacific Inc)
Repurchase Right Upon Repurchase Event. If there shall occur a -------------------------------------- Repurchase Event, then, in addition to any other right or remedy of the Holder, then the Holder shall have the right, at the Holder's option, to require the Company to repurchase all of this Note, or any portion hereof (in a minimum principal amount of $100,000 or integral multiples thereof (or such lesser remaining principal amount of this Note)), on the repurchase date that is three (3) Business Days after the date of the Holder Notice delivered with respect to such Repurchase Event. The Holder shall have the right to require the Company to repurchase all or any such portion of this Note if a Repurchase Event occurs at any time while any portion of the principal amount of this Note is outstanding at a price equal to the Repurchase Price.
Appears in 1 contract
Samples: Senior Convertible Note (Napro Biotherapeutics Inc)
Repurchase Right Upon Repurchase Event. If there shall occur a Repurchase Event, thenEvent occurs, in addition to any other right or remedy of the Holder, the Holder shall have the right, at the Holder's option, to require the Company to repurchase all of this Note, or any portion hereof (in a minimum principal amount of $100,000 or integral multiples thereof (or such lesser remaining principal amount of this Note)), on the repurchase date that is three five Business Days after the date of the Holder Notice delivered with respect to such Repurchase Event; provided that any such repurchase shall be made proportionally among the Holder and the holders of Other Notes who have elected to have their Notes repurchased due to such Repurchase Event. The Holder shall have the right to require the Company to repurchase all or any such portion of this Note if a Repurchase Event occurs at any time while any portion of the principal amount of this Note is outstanding at a price equal to the Repurchase Price.
Appears in 1 contract
Samples: Senior Subordinated Secured Note (Direct Insite Corp)