Common use of Required Redemption Clause in Contracts

Required Redemption. On the stated or accelerated maturity of the Notes, Borrower will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest thereon. No redemption of less than all of the Notes shall affect the obligation of Borrower to make the redemption required by this sub-Section.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (Open Link Financial, Inc.), Purchase Agreement (Clayton Holdings Inc)

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Required Redemption. On the stated or accelerated maturity of the Notes, Borrower the Borrowers will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest thereon. No redemption of less than all of the Notes shall affect the obligation of Borrower the Borrowers to make the redemption required by this sub-Sectionsubsection.

Appears in 1 contract

Samples: Subordinated Note and Warrant Purchase Agreement (Allou Health & Beauty Care Inc)

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Required Redemption. On the stated or accelerated maturity of the Notes, the Borrower will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest thereon. No redemption of less than all of the Notes shall affect the obligation of the Borrower to make the redemption required by this sub-Sectionsection.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Clayton Holdings Inc)

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