Partial Redemption Payment means, for any date that is a Partial Redemption Date, an amount equal to one hundred fifteen percent (115%) of twelve and a half percent (12.5%) of the Principal Amount as of the Issue Date of this Note and all other Notes issued on the Issue Date, as determined by Holder in its sole discretion; provided, however, that the Company shall not be required to partially redeem more than such amount in aggregate in respect of this Note and all Other Notes issued on the same Issue Date that have been elected to be partially redeemed by the Holder and the Other Holders on any Partial Redemption Date; provided, further, that the Holder, all of the Other Holders and the Company may agree to increase the size of any Partial Redemption Payment by mutual written consent and notice to the Trustee.
Partial Redemption Payment means, for any date that is a Partial Redemption Date, an amount equal to one hundred twenty percent (120%) of [ ]2, as determined by Holder in its sole discretion; provided, however, that the Company shall not be required to partially redeem more than such amount in aggregate in respect of this Note on any Partial Redemption Date; provided, further, that the Holder and the Company may agree to increase the size of any Partial Redemption Payment by mutual written consent and notice to the Trustee.
Partial Redemption Payment means, for any date that is a Partial Redemption Date, an amount up to twelve and a half percent (12.5%) of the initial Principal Amount of this Note as of the Initial Closing Date (as defined in the Securities Purchase Agreement) (as proportionally adjusted for any partial sale or transfer of this Note after its date of issuance), as determined by Holder in its sole discretion; provided, that the Holder and the Company may agree to increase the size of any Partial Redemption Payment by mutual written consent and notice to the Trustee.
Examples of Partial Redemption Payment in a sentence
If this Note (or any portion of this Note) is to be redeemed pursuant to this Section 4(A), then, from and after the date the related Partial Redemption Payment is paid in full, this Note (or such portion) will cease to be outstanding and interest will cease to accrue on this Note (or such portion).
The Company shall pay the Holder the Partial Redemption Payment by wire transfer of immediately available funds on the applicable Partial Redemption Date.
Such Partial Redemption Payment may be canceled by the Holder at any time prior to the receipt of the applicable Partial Redemption Payment from the Company.
On each Partial Redemption Date, the Company shall redeem a Partial Redemption Payment of this Note (in an Authorized Denomination).
Any Partial Redemption Payment paid pursuant to this Section 4(A) shall reduce the Principal Amount by such paid amount divided by one and twenty hundredths (1.20).
More Definitions of Partial Redemption Payment
Partial Redemption Payment. , in relation to a security, means a payment that has the effect of partially redeeming the security;
Partial Redemption Payment means, for each Partial Redemption Date specified below, an amount equal to one hundred twenty percent (120%) of the applicable amount specified below, as determined by Holder in its sole discretion; provided, however, that the Company shall not be required to partially redeem more than such amount in aggregate in respect of this Note on any Partial Redemption Date; provided, further, that the Holder and the Company may agree to increase the size of any Partial Redemption Payment by mutual written consent and notice to the Trustee: Partial Redemption Date Amount2 August 1, 2024 $[•] September 1, 2024 $[•] October 1, 2024 $[•] November 1, 2024 $[•] December 1, 2024 $[•] January 1, 2025 $[•] February 1, 2025 $[•] March 1, 2025 $[•] April 1, 2025 $[•] May 1, 2025 $[•] 2 NTD: Partial Redemption Payment amounts for each Holder will be as follows: Partial Redemption Date Amount for High Trail Investments ON LLC Amount for HB SPV I Master Sub LLC August 1, 2024 $350,000 $525,000 September 1, 2024 $350,000 $525,000 October 1, 2024 $3,850,000 $5,775,000 November 1, 2024 $350,000 $525,000 December 1, 2024 $350,000 $525,000 January 1, 2025 $3,850,000 $5,775,000 February 1, 2025 $350,000 $525,000 March 1, 2025 $350,000 $525,000 April 1, 2025 Remaining Principal Amount outstanding Remaining Principal Amount outstanding May 1, 2025 $0 $0 July 1, 2025 $0 $0 October 1, 2025 $0 $0 January 1, 2026 $0 $0 April 1, 2026 $0 $0 July 1, 2026 $0 $0 August 1, 2026 $0 $0 July 1, 2025 $[•] October 1, 2025 $[•] January 1, 2026 $[•] April 1, 2026 $[•] July 1, 2026 $[•] August 1, 2026 $[•]
Partial Redemption Payment means, for any date that is a Partial Redemption Date, an amount equal to up to one million eight hundred thousand dollars ($1,800,000), as determined by Holder in its sole discretion; provided, that the Holder and the Company may agree to increase the size of any Partial Redemption Payment by mutual written consent.
Partial Redemption Payment shall have the meaning provided in Section 5.1(b).
Partial Redemption Payment means, for any date that is a Partial Redemption Date, an amount not to exceed in the aggregate, with respect to all of the Initial Purchased Notes (as defined in the Securities Purchase Agreement), $5,175,000 as determined by Holder in its sole discretion; provided, that the Holder and the Company may agree to increase the size of any Partial Redemption Payment.
Partial Redemption Payment means, for any date that is a Partial Redemption Date, an amount equal to one hundred twenty percent (120%) of [ ò ]2, as determined by Holder in its sole discretion; provided, however, that the Company shall not be required to partially redeem more than such amount in aggregate in respect of this Note on any Partial Redemption Date; provided, further, that the Holder and the Company may agree to increase the size of any Partial Redemption Payment by mutual written consent and notice to the Trustee.
Partial Redemption Payment means, up to eight hundred forty thousand dollars ($840,000), as determined by Holder in its sole discretion on each such Partial Redemption Date; provided, that the Holder and the Company may agree to increase the size of any Partial Redemption Payment by mutual written consent; and provided further, that in no event shall the amount of any Partial Redemption Payment exceed one hundred and twelve percent (112%) of the portion of the Principal Amount being redeemed as of such Partial Redemption Date.