Common use of The Loan Principal Amount Interest Security Indemnification Clause in Contracts

The Loan Principal Amount Interest Security Indemnification. SECTION 2.1 The Loan; Principal Amount. (a) The Lender hereby agrees to lend to the Borrower such amounts, and at such times, as shall be determined under this section 2.1; provided, however, that in no event shall the aggregate amount lent under this Loan Agreement from time to time exceed the aggregate amount paid by the Borrower, exclusive of commissions, fees and other charges, to purchase a number of shares of Common Stock not to exceed four percent (4%) of the shares of Common Stock issued in connection with the Reorganization. (b) Subject to the limitations of section 2.1(a), the Borrower shall determine the amounts borrowed under this Agreement, and the times at which such borrowings are effected. Each such determination shall be evidenced in a writing which shall set forth the amount to be borrowed and the date on which the Lender shall disburse such amount, and such writing shall be furnished to the Lender by notice from the Borrower. The Lender shall disburse to the Borrower the amount specified in each such notice on the date specified therein or, if later, as promptly as practicable following the Lender's receipt of such notice; provided, however, that the Lender shall have no obligation to disburse funds pursuant to this Agreement following the occurrence of a Default or an Event of Default until such time as such Default or Event of Default shall have been cured. (c) For all purposes of this Loan Agreement, the Principal Amount on any date shall be equal to the excess, if any, of: (i) the aggregate amount disbursed by the Lender pursuant to section 2.1(b) on or before such date; over (ii) the aggregate amount of any repayments of such amounts made before such date. The Lender shall maintain on the Register a record of, and shall record on the Promissory Note, the Principal Amount, any changes in the Principal Amount and the effective date of any changes in the Principal Amount.

The Loan Principal Amount Interest Security Indemnification. SECTION Section 2.1 The Loan; Principal Amount. (a) The Lender hereby agrees to lend to the Borrower such amountsamount, and at such timestime, as shall be determined under this section Section 2.1; provided, however, that in no event shall the aggregate amount lent under this Loan Agreement from time to time exceed the greater of (i) $_____________ or (ii) the aggregate amount paid by the Borrower, exclusive of commissions, fees and other charges, Borrower to purchase a number of up to _____________ shares of Common Stock not to exceed four percent (4%) of the shares of Common Stock issued in connection with the ReorganizationStock. (b) Subject to the limitations of section Section 2.1(a), the Borrower shall determine the amounts borrowed under this Agreement, and the times time at which such borrowings are effected. Each such determination shall be evidenced in a writing which shall set forth the amount to be borrowed and the date on which the Lender shall disburse such amount, and such writing shall be furnished to the Lender by notice from the Borrower. The Lender shall disburse to the Borrower the amount specified in each such notice on the date specified therein or, if later, as promptly as practicable following the Lender's receipt of such notice; provided, however, that the Lender shall have no obligation to disburse funds pursuant to this Agreement following the occurrence of a Default or an Event of Default until such time as such Default or Event of Default shall have been cured. (c) For all purposes of this Loan Agreement, the Principal Amount on any date shall be equal to the excess, if any, of: (i) the aggregate amount disbursed by the Lender pursuant to section 2.1(b) on or before such date; over (ii) the aggregate amount of any repayments of such amounts made before such date. The Lender shall maintain on the Register a record of, and shall record on in the Promissory Note, the Principal Amount, any changes in the Principal Amount and the effective date of any changes in the Principal Amount.

The Loan Principal Amount Interest Security Indemnification. SECTION Section 2.1 The Loan; Principal Amount. (a) The Lender hereby agrees to lend to the Borrower such amountsamount, and at such timestime, as shall be determined under this section Section 2.1; provided, however, that in no event shall the aggregate amount lent under this Loan Agreement from time to time exceed the greater of (i) $______________or (ii) the aggregate amount paid by the Borrower, exclusive of commissions, fees and other charges, Borrower to purchase a number of up to _____________shares of Common Stock not to exceed four percent (4%) of the shares of Common Stock issued in connection with the ReorganizationStock. (b) Subject to the limitations of section Section 2.1(a), the Borrower shall determine the amounts borrowed under this Agreement, and the times time at which such borrowings are effected. Each such determination shall be evidenced in a writing which shall set forth the amount to be borrowed and the date on which the Lender shall disburse such amount, and such writing shall be furnished to the Lender by notice from the Borrower. The Lender shall disburse to the Borrower the amount specified in each such notice on the date specified therein or, if later, as promptly as practicable following the Lender's receipt of such notice; provided, however, that the Lender shall have no obligation to disburse funds pursuant to this Agreement following the occurrence of a Default or an Event of Default until such time as such Default or Event of Default shall have been cured. (c) For all purposes of this Loan Agreement, the Principal Amount on any date shall be equal to the excess, if any, of: (i) the aggregate amount disbursed by the Lender pursuant to section 2.1(b) on or before such date; over (ii) the aggregate amount of any repayments of such amounts made before such date. The Lender shall maintain on the Register a record of, and shall record on in the Promissory Note, the Principal Amount, any changes in the Principal Amount and the effective date of any changes in the Principal Amount.

The Loan Principal Amount Interest Security Indemnification. SECTION Section 2.1 The Loan; Principal Amount. (a) The Lender hereby agrees to lend to the Borrower such amountsamount, and at such timestime, as shall be determined under this section Section 2.1; provided, however, that in no event shall the aggregate amount lent under this Loan Agreement from time to time exceed the greater of (i) $_________ or (ii) the aggregate amount paid by the Borrower, exclusive of commissions, fees and other charges, Borrower to purchase a number of up to _______ shares of Common Stock not to exceed four percent (4%) of the shares of Common Stock issued in connection with the ReorganizationStock. (b) Subject to the limitations of section Section 2.1(a), the Borrower shall determine the amounts borrowed under this Agreement, and the times time at which such borrowings are effected. Each such determination shall be evidenced in a writing which shall set forth the amount to be borrowed and the date on which the Lender shall disburse such amount, and such writing shall be furnished to the Lender by notice from the Borrower. The Lender shall disburse to the Borrower the amount specified in each such notice on the date specified therein or, if later, as promptly as practicable following the Lender's receipt of such notice; provided, however, that the Lender shall have no obligation to disburse funds pursuant to this Agreement following the occurrence of a Default or an Event of Default until such time as such Default or Event of Default shall have been cured. (c) For all purposes of this Loan Agreement, the Principal Amount on any date shall be equal to the excess, if any, of: (i) the aggregate amount disbursed by the Lender pursuant to section 2.1(b) on or before such date; over (ii) the aggregate amount of any repayments of such amounts made before such date. The Lender shall maintain on the Register a record of, and shall record on in the Promissory Note, the Principal Amount, any changes in the Principal Amount and the effective date of any changes in the Principal Amount.

The Loan Principal Amount Interest Security Indemnification. SECTION Section 2.1 The Loan; Principal Amount. (a) The Lender hereby agrees to lend to the Borrower such amountsamount, and at such timestime, as shall be determined under this section Section 2.1; provided, however, that in no event shall the aggregate amount lent under this Loan Agreement from time to time exceed the greater of (i) $6,912,970 or (ii) the aggregate amount paid by the Borrower, exclusive of commissions, fees and other charges, Borrower to purchase a number of up to 691,297 shares of Common Stock not to exceed four percent (4%) of the shares of Common Stock issued in connection with the ReorganizationStock. (b) Subject to the limitations of section Section 2.1(a), the Borrower shall determine the amounts borrowed under this Agreement, and the times time at which such borrowings are effected. Each such determination shall be evidenced in a writing which shall set forth the amount to be borrowed and the date on which the Lender shall disburse such amount, and such writing shall be furnished to the Lender by notice from the Borrower. The Lender shall disburse to the Borrower the amount specified in each such notice on the date specified therein or, if later, as promptly as practicable following the Lender's receipt of such notice; provided, however, that the Lender shall have no obligation to disburse funds pursuant to this Agreement following the occurrence of a Default or an Event of Default until such time as such Default or Event of Default shall have been cured. (c) For all purposes of this Loan Agreement, the Principal Amount on any date shall be equal to the excess, if any, of: (i) the aggregate amount disbursed by the Lender pursuant to section 2.1(b) on or before such date; over (ii) the aggregate amount of any repayments of such amounts made before such date. The Lender shall maintain on the Register a record of, and shall record on in the Promissory Note, the Principal Amount, any changes in the Principal Amount and the effective date of any changes in the Principal Amount.