Adjustment to Principal Amount. Lender acknowledges that the principal amount of this Note may be reduced in the event that the effective date of the Registration Statement described in Sections 1 and 8 of the Warrant is delayed (or does not occur). The amount by which the principal amount may be reduced is at set forth in Section 1 of the Warrant.
Adjustment to Principal Amount. Once the final actual costs of Developer Improvements are known and final, the Parties shall perform a reconciliation of the paid Estimated Principal Amount monthly payments through preparation of a revised amortization schedule with the same parameters as set forth on Exhibit 1 except for the actual principal amount substituted for the Estimated Principal Amount. Any portions of the Developer payments already made which are in excess of the recalculated monthly payment on the revised amortization schedule shall be credited toward the next quarterly payment(s) to be paid by Developer.
Adjustment to Principal Amount. The Principal Amount shall automatically be adjusted upward or downward, to the extent required by the provisions of Section 1.7(a) or Section 1.8(e) of the Asset Purchase Agreement. Any such adjustment made prior to the first due date of the Principal Amount shall be divided equally between the first and second scheduled payments of the Principal Amount; any such adjustment made after the first due date of the Principal Amount shall be made entirely to the second scheduled payment of the Principal Amount.
Adjustment to Principal Amount. Upon the final determination of the Final Closing Working Capital (as defined in the Merger Agreement) and the amount of the Post-Closing Adjustment (as defined in the Merger Agreement), if any, in each case pursuant to Section 3.04(b) of the Merger Agreement, in the event of a Post-Closing Adjustment, the principal amount of the Note shall be reduced by the amount of the Post-Closing Adjustment (as finally determined pursuant to Section 3.04(b) of the Merger Agreement) on a dollar for dollar basis effective as of the date of such final determination. The Corporation shall issue a new convertible note in the form hereof reflecting the adjusted principal amount.
Adjustment to Principal Amount. Subject to Section 2.4, the aggregate principal amount of this Note (the "Note Amount") shall be equal to the product of (x) an amount equal to (a) $2,250,000 plus (b) the Final Shareholders Equity Amount (which Final Shareholders Equity Amount may be a negative number), minus (c) the aggregate amount paid on the Dividend Notes after the Closing Date, plus (d) if the AAA Amount is less than $3,253,000, the excess of $3,253,000 over the AAA Amount, times (y) the Payee's Pro Rata Percentage, as set forth on Schedule 1.3 to the Stock Purchase Agreement. After (i) the determination of the Final Shareholders Equity Amount and the AAA Amount, and (ii) the full payment by all Existing Stockholders to the Corporation of all amounts owing by the Existing Stockholders pursuant to Section 1.7 of the Stock Purchase Agreement (the "Determination Date"), subject to Section 2.4, this Note shall be payable as follows:
