Common use of Amortization Payments Clause in Contracts

Amortization Payments. If no other repayments or conversion are made, Borrower shall make ten equal amortization payments (each an “Amortization Payment”) of $61,600.00 in cash to the Holder towards the repayment of the principal amount under this Note, on the first day of each month starting in the third month after closing of this Note. In the event any portion of the Note is converted to shares or repaid beforehand, the remaining principal shall be amortized in equal amounts over the remaining months. For the avoidance of doubt, the 120% repayment premium as further provided for in Section 1.9 of this Note shall not apply to any repayment of the Note under this Section 4.16 prior to the occurrence of an Event of Default.

Amortization Payments. If no other repayments or conversion are made, Borrower shall make ten twenty-four (24) equal amortization payments (each an “Amortization Payment”) of $61,600.00 ___________ in cash to the Holder towards the repayment of the principal amount and interest under this Note, on the first day of each month starting in the third sixth month after closing of this Note. In the event any portion of the Note is converted to shares or repaid beforehand, the remaining principal and interest shall be amortized in equal amounts over the remaining months. For the avoidance of doubt, the 120% repayment premium as further provided for in Section 1.9 of this Note shall not apply to any repayment of the Note under this Section 4.16 prior to the occurrence of an Event of Default.

Amortization Payments. If no other repayments or conversion are made, Borrower shall make ten equal amortization payments (each an “Amortization Payment”) of $61,600.00 36,960.00 in cash to the Holder towards the repayment of the principal amount under this Note, on the first day of each month starting in the third month after closing of this Note. In the event any portion of the Note is converted to shares or repaid beforehand, the remaining principal shall be amortized in equal amounts over the remaining months. For the avoidance of doubt, the 120% repayment premium as further provided for in Section 1.9 of this Note shall not apply to any repayment of the Note under this Section 4.16 prior to the occurrence of an Event of Default.

Amortization Payments. If no other repayments or conversion are made, Borrower shall make ten equal amortization payments (each an “Amortization Payment”) of $61,600.00 39,960.00 in cash to the Holder towards the repayment of the principal amount and interest under this Note, on the first day of each month starting in the third month after closing of this Note. In the event any portion of the Note is converted to shares or repaid beforehand, the remaining principal and interest shall be amortized in equal amounts over the remaining months. For the avoidance of doubt, the 120% repayment premium as further provided for in Section 1.9 of this Note shall not apply to any repayment of the Note under this Section 4.16 prior to the occurrence of an Event of Default.

Amortization Payments. If no other repayments or conversion are made, Borrower shall make ten equal amortization payments (each an “Amortization Payment”) of $61,600.00 24,640.00 in cash to the Holder towards the repayment of the principal amount and interest under this Note, on the first day of each month starting in the third month after closing of this Note. In the event any portion of the Note is converted to shares or repaid beforehand, the remaining principal and interest shall be amortized in equal amounts over the remaining months. For the avoidance of doubt, the 120% repayment premium as further provided for in Section 1.9 of this Note shall not apply to any repayment of the Note under this Section 4.16 prior to the occurrence of an Event of Default.