Original Principal Amount definition
Examples of Original Principal Amount in a sentence
FOR VALUE RECEIVED, the Company promises to pay in cash to ▇▇▇▇ ▇▇▇▇ ▇▇▇ (the “Original Holder”), or registered assigns (the “Holder”), or shall have paid pursuant to the terms herein, the Original Principal Amount hereof on demandor such earlier date as this Note is permitted to be repaid as provided herein, and to pay interest to the Holder on the aggregate then outstanding principal amount hereof in accordance with the provisions hereof.
Notwithstanding the preceding, if it is a condition of the buyer, which condition the Holders of a majority in interest of the Original Principal Amount of the Notes have agreed to, that the Notes not be assumed and must be converted in such Fundamental Transaction into the equity and/or cash paid in such Fundamental Transaction, then this Note may be cancelled upon payment in full therefor.