Business Days Late definition

Business Days Late refers to each Trading Day after the latest due date for the relevant filing): Late Filing Payment For Each $10,000.00 of No. Business Days Late Outstanding Principal of the Note 1 $100.00 2 $200.00 3 $300.00 4 $400.00 5 $500.00 6 $600.00 7 $700.00 8 $800.00 9 $900.00 10 $1,000.00 >10 $1,000.00 + $200.00 for each Trading Day Late beyond 10 days The Company shall pay any payments incurred under this subsection in immediately available funds upon demand by the Holder; provided, however, that the Holder making the demand may specify that the payment shall be made in shares of Common Stock at the Conversion Price (as defined in the Note) applicable to the date of such demand. If the payment is to be made in shares of Common Stock, such shares shall be considered Conversion Shares under the Note, with the “Delivery Date” for such shares being determined from the date of such demand. The demand for payment of such amount in shares of Common Stock shall be considered a “Conversion Notice” (but the delivery of such shares shall be in payment of the amount contemplated by this subsection and not in payment of any principal or interest on the Note).
Sample 1
Business Days Late is defined as the number of Trading Days beyond two (2) Trading Days after the Delivery Date): No. Business Days Xxxx Xxxx Payment for Each $10,000,00 of Principal or Interest Being Converted (or amount of Warrant exercise) 1 $100.00 2 $200.00 3 $300.00 4 $400.00 5 $500.00 6 $600.00 7 $700.00 8 $800.00 9 $900.00 10 $1,000.00 >10 $1,000.00 + $200.00 for each Business Day Late beyond 10 days The amount of any payments incurred under this Section 6(b)(i) shall be automatically added to the principal balance of the Note and the Company shall pay any such payments in immediately available funds upon demand. Nothing herein shall limit the Holder’s right to pursue actual damages for the Company’s failure to issue and Deliver the Shares to the Holder within a reasonable time. Furthermore, in addition to any other remedies which may be available to a Holder, in the event that the Company fails for any reason to effect Delivery of such Shares within two (2) Trading Days after the Delivery Date, the Holder will be entitled to revoke the relevant Notice of Conversion or Notice of Exercise by delivering a notice to such effect to the Company prior to such Holder’s receipt of the relevant Shares, whereupon the Company and the Holder shall each be restored to their respective positions immediately prior to delivery of such Notice of Conversion or Notice of Exercise, as the case may be; provided, however, that any payments contemplated by this Section 6(b)(i) which have accrued through the date of such revocation notice shall remain due and owing to the Holder notwithstanding such revocation.
Sample 1
Business Days Late is defined as the number of business days beyond three business days after receipt by the Company of the original documentation):
Sample 1

Examples of Business Days Late in a sentence

  • In the event the Company does not make delivery of the Common Stock, as instructed by Holder, within 8 business days after delivery of this original Debenture, then in such event the Company shall pay to Holder an amount, in cash in accordance with the following schedule, wherein "No. Business Days Late" is defined as the number of business days beyond the 8 business days delivery period.

  • Late Payment for Each $10,000 of Debenture No. Business Days Late Amount Being Converted ---------------------- ---------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 >10 $1,000 + $200 for each Business Day Beyond 10 The Company acknowledges that its failure to deliver the Common Stock within 8 business days after the Conversion Date will cause the Holder to suffer damages in an amount that will be difficult to ascertain.

  • In the event the Company does not make delivery of the Common Stock, as instructed by Holder, within five (5) business days after delivery of this original Debenture, then in such event the Company shall pay to Holder an amount, in cash in accordance with the following schedule, wherein "No. Business Days Late" is defined as the number of business days beyond the five (5) business days delivery period.

  • Late Payment for Each $10,000 of Debenture No. Business Days Late Amount Being Converted ---------------------- ---------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 >10 $1,000 + $100 for each Business Day Beyond 10 The Company acknowledges that its failure to deliver the Common Stock within five (5) business days after the Conversion Date will cause the Holder to suffer damages in an amount that will be difficult to ascertain.

  • Late Payment for Each $10,000 of Debenture No. Business Days Late Amount Being Converted ---------------------- ---------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 10 $1,000 + $200 for each Business Day Beyond 10 The Company acknowledges that its failure to deliver the Common Stock within 8 business days after the Conversion Date will cause the Holder to suffer damages in an amount that will be difficult to ascertain.

  • If the Conversion Shares are delivered on October 20, that is one (1) "Business Day Late" in the table below; if delivered on October 27, that is 6 "Business Days Late" in the table.

  • If the certificates are delivered on December 9, that is 1 "Business Day Late" in the table below; if delivered on December 16, that 6 "Business Days Late" in the table.

  • In the event the Company does not make delivery of the Common Stock, as instructed by Holder, within 8 business days after the Conversion Date, then in such event the Company shall pay to Holder an amount, in cash in accordance with the following schedule, wherein "No. Business Days Late" is defined as the number of business days beyond the 8 business days delivery period.

  • In the event the Company does not make delivery of the Common Stock, as instructed by holder, within 8 business days after delivery of the Notice of Conversion or, if later, the original Series A Share, then in such event the Company shall pay to holder an amount, in cash in accordance with the following schedule, wherein "No. Business Days Late" is defined as the number of business days beyond the 8 business days delivery period.

  • In the event that the Corporation does not make delivery of the Common Stock and Conversion Warrants, as instructed in the Conversion Notice, within 5 business days after the Conversion Date, then, in such event, the Corporation shall pay the Holder an amount, in cash, in accordance with the following schedule, wherein "No. of Business Days Late" is defined as the number of business days beyond the 5 business days delivery period.


More Definitions of Business Days Late

Business Days Late is defined as the number of business days beyond five (5) business days from Delivery Date: Late Payment For Each 10,000 of Preferred Stock Liquidation No. Business Days Late Amount Being Converted ---------------------- ---------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Less than 10 $1,000 +$200 for each Business Day Late beyond 10 days The Company shall pay any payments incurred under this Section in immediately available funds upon demand. Nothing herein shall limit the Buyer's right to pursue actual damages for the Company's failure to issue and deliver the Common Stock to the Buyer. Furthermore, in addition to any other remedies which may be available to the Buyer, in the event that the Company fails for any reason to effect delivery of such shares of Common Stock within five (5) business days after the Delivery Date, the Buyer will be entitled to revoke the relevant Notice of Conversion by delivering a notice to such effect to the Company whereupon the Company and the Buyer shall each be restored to their respective positions immediately prior to delivery of such Notice of Conversion.
Sample 1
Business Days Late refers to each Trading Day after the latest due date for the relevant filing):
Sample 1
Business Days Late is defined as the number of trading days beyond two (2) trading days after the Delivery Date): No. Business Days Lxxx Xxxx Payment for Each $10,000 of Principal or Interest Being Converted 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 >10 $1,000 + $200 for each Business Day Late beyond 10 days The amount of any payments incurred under this Section 6.2 shall be automatically added to the principal balance of the Note and Borrower shall pay any such payments in immediately available funds upon demand. Nothing herein shall limit the holder’s right to pursue actual damages for Borrower’s failure to issue and deliver the Shares to the holder within a reasonable time. Furthermore, in addition to any other remedies which may be available to a holder, in the event that Borrower fails for any reason to effect delivery of such Shares within two (2) trading days after the Delivery Date, the holder will be entitled to revoke the relevant Notice of Conversion by delivering a notice to such effect to Borrower prior to the holder’s receipt of the relevant Shares, whereupon Borrower and the holder shall each be restored to their respective positions immediately prior to delivery of such Notice of Conversion; provided, however, that any payments contemplated by this Section 7.2 which have accrued through the date of such revocation notice shall remain due and owing to the holder notwithstanding such revocation.
Sample 1

Related to Business Days Late

  • Business Days means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Business Days and Hours means Monday through Friday, 8:00 a.m. to 5:00 p.m., Pacific Time, except for holidays observed by the state of Washington.

  • Days means calendar days unless otherwise specified.

  • Working Days means any day other than a Saturday, Sunday or public holiday in England and Wales; and

  • Banking Days are days on which banks are open both in the country of the currency stipulated for the Purchase Price in Clause 1 and in the place of closing stipulated in Clause 8.

  • 48 hours means 2 consecutive periods of 24 hours.

  • 24 hours means a period of 24 hours including all or part of a day upon which banks are open for business in both the place where the relevant meeting is to be held and in each of the places where the Paying Agents have their specified offices (disregarding for this purpose the day upon which such meeting is to be held) and such period shall be extended by one period or, to the extent necessary, more periods of 24 hours until there is included as aforesaid all or part of a day upon which banks are open for business in all of the places as aforesaid; and

  • FX Business Day is any day when (a) Bank’s Foreign Exchange Department is conducting its normal business and (b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or sell such Foreign Currency.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • after means "from but excluding," the words "to" and "until" mean "to but excluding," and the word "through" means "to and including." Likewise, in setting deadlines or other periods, "by" means "by." The words "preceding," "following," and words of similar import, mean immediately preceding or following. References to a month or a year refer to calendar months and calendar years.

  • Notification Date means 30 days from an Account statement date (see section 6.3).

  • Relevant Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (TARGET2) is open for the settlement of payments in EUR.

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • TARGET Business Day means a day on which the TARGET System is operating.

  • Working Day means a day (other than a Saturday or Sunday) on which banks are open for general business in the City of London.

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Prior to 10:00 a.m., New York City time, on the Redemption Date specified in the notice of redemption given as provided in Section 11.4, the Company will deposit with the Trustee or with one or more Paying Agents (or if the Company is acting as its own Paying Agent, the Company will segregate and hold in trust as provided in Section 10.3) an amount of money sufficient to pay the Redemption Price of, and any accrued interest (including Additional Interest) on, all the Securities (or portions thereof) that are to be redeemed on that date.

  • Calendar Days means days including all holidays;

  • Euro Business Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System, or any successor system, is open for business.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Bank Business Day means a day on which the Bank conducts business activities as per its effective opening hours, so when the Bank is open for the purpose of executing payment transactions.

  • Local Business Day means, subject to the Schedule, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) (a) in relation to any obligation under Section 2(a)(i), in the place(s) specified in the relevant Confirmation or, if not so specified, as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated by reference, in this Agreement, (b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment, (c) in relation to any notice or other communication, including notice contemplated under Section 5(a)(i), in the city specified in the address for notice provided by the recipient and, in the case of a notice contemplated by Section 2(b), in the place where the relevant new account is to be located and (d) in relation to Section 5(a)(v)(2), in the relevant locations for performance with respect to such Specified Transaction.

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.