Common use of FOR VALUE RECEIVED Clause in Contracts

FOR VALUE RECEIVED. the Company promises to pay to the order of the Holder the principal amount of $500,000, such payment to be made only in Common Stock at a per share price equal to the Fixed Conversion Price, on September 22, 2024 (the “Maturity Date”) or on such earlier date as this Note is required or permitted to be repaid as provided hereunder, in each case together with other amounts owing under any Transaction Document in accordance with the provisions hereof, without the need for any advance notice of any kind. The Holder may set off and deduct pursuant to and in accordance with the Transaction Documents amounts due to the Holder. This Note is subject to the following additional provisions:

Appears in 2 contracts

Sources: Convertible Security Agreement (Vsee Health, Inc.), Convertible Security Agreement (Vsee Health, Inc.)

FOR VALUE RECEIVED. the Company promises to pay to the order of the Holder the principal amount of $500,0001,111,000.00 on October 6, such payment to be made only in Common Stock at a per share price equal to the Fixed Conversion Price, on September 22, 2024 2021 (the “Maturity Date”) in full in cash or on such earlier date as this Note is required or permitted to be repaid as provided hereunder, in each case together with all accrued but unpaid interest thereon, and otherwise to pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note and other amounts owing under any Transaction Document in accordance with the provisions hereof, without the need for any advance notice of any kind. The Holder Amounts repaid may set off and deduct pursuant to and in accordance with the Transaction Documents amounts due to the Holdernot be reborrowed. This Note is subject to the following additional provisions:

Appears in 2 contracts

Sources: Convertible Security Agreement (Innocap Inc), Convertible Security Agreement (Innocap Inc)

FOR VALUE RECEIVED. the Company promises to pay to the order of the Holder the principal amount of $500,000$ on January 28, such payment to be made only in Common Stock at a per share price equal to the Fixed Conversion Price, on September 22, 2024 2022 (the “Maturity Date”) in full in cash or on such earlier date as this Note is required or permitted to be repaid as provided hereunder, in each case together with all accrued but unpaid interest thereon, and otherwise to pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note and other amounts owing under any Transaction Document in accordance with the provisions hereof, without the need for any advance notice of any kind. The Holder Amounts repaid may set off and deduct pursuant to and in accordance with the Transaction Documents amounts due to the Holdernot be reborrowed. This Note is subject to the following additional provisions:

Appears in 1 contract

Sources: Convertible Security Agreement (Unique Logistics International Inc)

FOR VALUE RECEIVED. the Company promises to pay to the order of the Holder the principal amount of $500,000, such payment to be made only in Common Stock at a per share price equal to the Fixed Conversion Price, 5,375,000 on September 22May 17, 2024 (the “Maturity Date”) in full in cash or on such earlier date as this Note is required or permitted to be repaid as provided hereunder, in each case together with all accrued but unpaid interest thereon, and otherwise to pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note and other amounts owing under any Transaction Document in accordance with the provisions hereof, without the need for any advance notice of any kind. The Holder Amounts repaid may set off and deduct pursuant to and in accordance with the Transaction Documents amounts due to the Holdernot bereborrowed. This Note is subject to the following additional provisions:

Appears in 1 contract

Sources: Securities Purchase Agreement (Capstone Technologies Group Inc.)

FOR VALUE RECEIVED. the Company promises to pay to the order of the Holder the principal amount of $500,000300,000 on April 8, such payment to be made only in Common Stock at a per share price equal to the Fixed Conversion Price, on September 22, 2024 2025 (the “Maturity Date”) in full in cash or on such earlier date as this Note is required or permitted to be repaid as provided hereunder, in each case together with all accrued but unpaid interest thereon, and otherwise to pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note and other amounts owing under any Transaction Document in accordance with the provisions hereof, without the need for any advance notice of any kind. The Holder Amounts repaid may set off and deduct pursuant to and in accordance with the Transaction Documents amounts due to the Holdernot be reborrowed. This Note is subject to the following additional provisions:

Appears in 1 contract

Sources: Convertible Security Agreement (Fresh Vine Wine, Inc.)

FOR VALUE RECEIVED. the Company promises to pay to the order of the Holder the principal amount of $500,0001,512,500.00 on February 11, such payment to be made only in Common Stock at a per share price equal to the Fixed Conversion Price, on September 22, 2024 2022 (the “Maturity Date”) in full in cash or on such earlier date as this Note is required or permitted to be repaid as provided hereunder, in each case together with all accrued but unpaid interest thereon, and otherwise to pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note and other amounts owing under any Transaction Document in accordance with the provisions hereof, without the need for any advance notice of any kind. The Holder Amounts repaid may set off and deduct pursuant to and in accordance with the Transaction Documents amounts due to the Holdernot be reborrowed. This Note is subject to the following additional provisions:

Appears in 1 contract

Sources: Securities Purchase Agreement (Bergio International, Inc.)