Common use of Additional Principal Clause in Contracts

Additional Principal. As provided in Note A and Note B (each individually referred to hereinafter as a "Note" and together as the "Notes"), the principal amount of Note B shall be increased from time to time, automatically and without any action by the Company or Digi, as the accrued interest on Note A is converted into principal of Note B.

Appears in 2 contracts

Sources: Annual Report, Note Purchase Agreement (Digi International Inc)