Amortization Payments. The Company shall make three payments (each an “Amortization Payment”) as follows: on the six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the Equity Conditions provided in Section 2(d), below.
Amortization Payments. Starting on the six (6) month anniversary of the Original Issuance Date and continuing on each of the following six (6) successive months thereafter (each and "Amortization Payment Date"), the Borrower shall redeem one-fourth (1/6) of the face amount of this Note and guaranteed interest (each, an "Amortization Payment") in accordance with the attached Amortization Schedule (Appendix A). Each Amortization Payment shall, at the option of the Borrower, be made in cash or, subject to the Borrower complying with the Equity Conditions be made in Common Stock pursuant to the Amortization Conversion Rate.
Amortization Payments. Starting on the third month after the Original Issue Date and continuing on each of the following nine (9) successive months thereafter (each and “Amortization Payment Date”), the Company shall redeem one-tenth (1/10th) of the face amount of this Note and interest (each, an “Amortization Payment”) in accordance with the attached Amortization Schedule (Appendix A) on the 1st day of each month or if such day is not a Business Day on the next Business day. Each Amortization Payment shall, at the option of the Company, be made in cash or, subject to the Company complying with the Equity Conditions be made in Common Stock pursuant to the Amortization Conversion Rate; provided that the Equity Conditions shall not be required to be complied with for Amortization Payments prior to the six month anniversary of this Note.
Amortization Payments. Borrower, each other Obligor and Lender agree that any and all minimum monthly amortization payments due and owing under Section 2.6(a) of the Credit Agreement will be suspended until the Maturity Date; provided, however, that, notwithstanding the foregoing, any and all equity funding received by Borrower or any of its Affiliates (other than the Preferred Convertible Equity Raise, which is otherwise addressed in Section 2 hereof) or any cash flow or insurance proceeds received by Borrower on or before the Maturity Date shall be paid to Lender in accordance with the terms, including without limitation, Section 2.10, of the Credit Agreement, as amended hereby, to be applied against the Obligations.
Amortization Payments. Starting on the six-month anniversary and ending on the eighteen-month anniversary of the issuance date of this Note, on the 15th and 30th date of each month therein (each an “Amortization Payment Date”), the Borrower shall redeem one-twenty-fourth (1/24th) of the face amount of this Note and guaranteed interest (each, an “Amortization Payment”) in accordance with the attached Amortization Schedule (Appendix A). Each Amortization Payment shall, at the option of the Company, be made in cash or Common Stock or a combination thereof pursuant to the Amortization Conversion Rate; provided, however, that in the event that all of the Equity Conditions are not met on that certain Amortization Payment Date, such payment in cash or Common Stock or some combination thereof shall be at the Holder’s option. In respect of payments made in cash, the prepayment premium, as set forth in Section 2(e), below shall apply. Notwithstanding the above, or anything to the contrary in this Note,
Amortization Payments. Commencing on the date that is ninety (90) days after the Original Issue Date, and continuing on the first (1st) Trading Day of each of the following nine (9) successive months thereafter (each an “Amortization Redemption Payment Date”), until no principal amount of this Note is outstanding, the Company shall redeem (each, an “Amortization Redemption”), one-tenth (1/10th) of the Original Principal Amount of this Note by paying to the Holder on each Amortization Redemption Payment Date, the Amortization Redemption Payment Amount. Each Amortization Redemption Payment Amount shall, at the option of the Company, be paid in whole or in part, in cash, or provided no Equity Conditions Failure, in shares of Common Stock at the lesser of (i) the Fixed Conversion Price, and (ii) the Amortization Conversion Rate. Notwithstanding anything to the contrary contained in this Section 2(d), the Holder, at its option, during each month that this Note remains outstanding, shall be entitled to accelerate up to three (3) future Amortization Redemptions and demand such corresponding Amortization Redemption Payment Amounts to be paid in Common Stock at the lesser of (i) the Fixed Conversion Price, and (ii) Amortization Conversion Rate. For example, if the first (1st) Amortization Redemption Payment Amount is due on November 15, 2018, the Holder, at its option, shall be entitled to accelerate all or any portion of the fourth (4th) Amortization Redemption Payment Amount (which originally would have been due on February 15, 2019), the third (3rd) Amortization Redemption Payment Amount (which originally would have been due on January 15, 2019), and the second (2nd) Amortization Redemption Payment Amount (which originally would have been due on December 15, 2018) and demand such payments at any time during the month of November, 2018, in Common Stock at the lesser of (i) the Fixed Conversion Rate, and (ii) the Amortization Conversion Rate. Furthermore, notwithstanding anything to the contrary contained in this Section 2(d), any Holder, at its option and without regard to the actions of any other Holder, shall be entitled to defer by delivery of written notice (each such notice, a “Deferral Notice”) each and any Amortization Payment in its sole discretion and for as long as it wishes to defer such Amortization Payment and receive such payments in Common Stock pursuant to the Amortization Conversion Rate, to be calculated as of the delivery of the Deferral Notice. Such Deferral Notice ...
Amortization Payments. Starting on June 3, 2015 and continuing on the third day of each of the following eleven (11) successive months thereafter (each, an "Amortization Payment Date"), Borrower shall make payments (each, an "Amortization Payment") in the amount and on the date set forth on the Amortization Schedule attached as Exhibit B. Each Amortization Payment shall, at the option of Borrower, be made in cash, subject to the Prepayment Premium, or in Conversion Shares, subject to the Equity Conditions, at the Amortization Conversion Rate (each such conversion of an Amortization Payment into Conversion Shares, an "Amortization Conversion"). Notwithstanding any provision in this Note to the contrary, Borrower will not be required to make any Amortization Payment to the extent any such Amortization Payment would result in Borrower making aggregate Amortization Payments in an amount greater than the Outstanding Balance. The Outstanding Balance of this Note will be due and payable on the Maturity Date and may be paid in cash, or, in Borrower's discretion, in Conversion Shares (subject to the Equity Conditions). For the avoidance of doubt, Xxxxxxxx will not have the right to make an Amortization Conversion if the Equity Conditions are not satisfied in full or waived in writing by Lender with respect to each Amortization Payment. If Borrower elects to make an Amortization Conversion, Borrower must deliver on the Amortization Payment Date (i) a certificate representing the applicable number of Conversion Shares, and (ii) a notice detailing how Borrower calculated such number of Conversion Shares. Any Conversion Shares delivered in connection with an Amortization Conversion shall be delivered in accordance with Section 8 below.
Amortization Payments. The Borrower shall make the following amortization payments (each an “Amortization Payment”), which payments shall not be subject to Section 4.1 hereof, in cash to the Holder towards the repayment of this Note, as provided in the following table: Payment Date Payment Amount 04/1/2024 $ 186,667 05/1/2024 $ 186,667 06/1/2024 $ 186,667 07/1/2024 $ 186,667 08/1/2024 $ 186,667 09/1/2024 $ 186,667 10/1/2024 $ 186,667 11/1/2024 $ 186,667 12/1/2024 $ 186,667
Amortization Payments. Each Delayed Draw Term Loan shall amortize based on the same percentage as the initial Term Loan as specified in Section 2.05(b) (and may include customary adjustments to provide for the “fungibility” of the Delayed Draw Term Loans with the initial Term Loans), beginning on the last day of the first full calendar quarter after such Delayed Draw Term Loan is made and on the last day of each calendar quarter thereafter, with the remaining principal amount of such Delayed Draw Term Loan then outstanding due and payable in full on the Term Loan Maturity Date.
Amortization Payments. Starting on April __, 2015 [six months from Original Issuance Date], the Company shall repay this Debenture and any accrued but unpaid interest in accordance with the Amortization Schedule attached as Appendix A (each, an “Amortization Payment”). Each Amortization Payment shall, at the option of the Company, be made in cash or, subject to the Equity Conditions, in Common Stock pursuant to the Amortization Conversion Rate. Notwithstanding any provision in this Debenture to the contrary, the Company will not be required to make any Amortization Payment to the extent any such Amortization Payment would result in the Company making aggregate Amortization Payments in an amount greater than the Note Balance Any outstanding unpaid principal and accrued interest (as of the Maturity Date) on this Debenture will be due and payable on the Maturity Date and may be paid in cash (subject to a 30% premium), or, in the Company’s discretion (subject to the Equity Conditions) in Common Stock.
