Periodic Redemption Amount definition

Periodic Redemption Amount means the sum of (i) one-fifth (1/5) of the original principal amount of this Debenture and (ii) plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.”

Periodic Redemption Amount means the sum of (i) (a) as to the Periodic Redemptions on July 1, 2016 and October 1, 2016, $1,120,000, and (b) as to the Periodic Redemption on January 1, 2017, the greater of (x) the then outstanding principal amount of this Debenture or (y) $2,240,000 and (ii) accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means, as to a Periodic Redemption, $560,000, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Examples of Periodic Redemption Amount in a sentence

• The Holder may convert, pursuant to Section 4(a), any principal amount of this Debenture subject to a Periodic Redemption at any time prior to the date that the Periodic Redemption Amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder are due and paid in full.

• Notwithstanding anything herein contained to the contrary, if any portion of the Optional Redemption Amount or Periodic Redemption Amount remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate such Optional Redemption or Periodic Redemption, ab initio, and, with respect to the Company’s failure to honor the Optional Redemption, the Company shall have no further right to exercise such Optional Redemption.

• On each Periodic Redemption Date, the Company shall redeem the Periodic Redemption Amount (the “Periodic Redemption”).

• Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any principal amount of this Debenture converted during the applicable Periodic Conversion Period until the date the Periodic Redemption Amount is paid in full shall be first applied to the principal amount subject to the Periodic Redemption Amount payable in cash and then to the Periodic Redemption Amount payable in Conversion Shares.

• Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any principal amount of this Debenture converted during the period beginning on the delivery date of the applicable Periodic Redemption Notice until the date on which the Periodic Redemption Amount is paid in full shall be first applied to the principal amount subject to the Periodic Redemption Amount.

More Definitions of Periodic Redemption Amount

Periodic Redemption Amount means the sum of (i) (a) as to the Periodic Redemptions on February 1, 2014, May 1, 2014 and August 1, 2014, $50,000, and (b) as to the Periodic Redemption on August 1, 2015, August 1, 2016, August 1, 2017 and March 21, 2018, $12,500, and (ii) plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means, as to a Periodic Redemption, $ each as to the October 1, 2015 and January 1, 2016 Periodic Redemption Dates and $ as to the April 1, 2016 Periodic Redemption Date, in each case plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means the sum of (i) (a) as to the Periodic Redemptions on July 1, 2016 and October 1, 2016, $182,000, and (b) as to the Periodic Redemption on January 1, 2017, the greater of (x) the then outstanding principal amount of this Debenture or (y) $364,000 and (ii) accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means the sum of (i) as to each Periodic Redemption Date, $1,450,000, and (ii) accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means (i) the sum of (A) $580,000 and (B) accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture and (ii) in the event that the VWAP immediately prior to the Periodic Redemption Date is greater than the then Conversion Price and the Equity Conditions are not met on such Periodic Redemption Date, a Pre-Paid Redemption Warrant as determined therein.

Periodic Redemption Amount is hereby amended to mean the sum of (i) all then outstanding principal amount of this Debenture and (ii) accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means 25% of the original principal amount of this Debenture, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.