Common use of Amortization Payments Clause in Contracts

Amortization Payments. Starting on the third month after the Original Issue Date and continuing on each of the following fifteen (15) successive months thereafter (each and “Amortization Payment Date”), the Company shall redeem one-sixteenth (1/16th) of the face amount of this Note and interest (each, an “Amortization Payment”) in accordance with the attached Amortization Schedule (Appendix A) on the 15th 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 Holder, 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.

Amortization Payments. Starting on the third month after the Original Issue Date and continuing on each of the following fifteen nine (159) successive months thereafter (each and “Amortization Payment Date”), the Company shall redeem one-sixteenth tenth (1/16th1/10th) of the face amount of this Note and interest (each, an “Amortization Payment”) in accordance with the attached Amortization Schedule (Appendix A) on the 15th 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 HolderCompany, 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. Starting on the third sixth month after the Original Issue Date and continuing on each of the following fifteen three (153) successive months thereafter (each and “Amortization Payment Date”), the Company shall redeem one-sixteenth fourth (1/16th1/4th) of the face amount of this Note and interest (each, an “Amortization Payment”) in accordance with the attached Amortization Schedule (Appendix A) on the 15th 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 HolderCompany, 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. Starting on the third month after the Original Issue Date and continuing on each of the following fifteen ten (1510) successive months thereafter (each and “Amortization Payment Date”), the Company shall redeem one-sixteenth tenth (1/16th1/10th) of the face amount of this Note and interest (each, an “Amortization Payment”) in accordance with the attached Amortization Schedule (Appendix A) on the 15th 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 HolderCompany, 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.