H hereof. Notwithstanding anything herein to the contrary, in the event that the Debentures being prepaid are not delivered to the Borrower or the transfer agent prior to the 3rd business day following the Effective Date of Prepayment, the prepayment of the Debentures pursuant to this Article I.B shall still be deemed effective as of the Effective Date of Prepayment and the Optional Prepayment Amount shall be paid to the holder of Debentures being prepaid within five (5) business days of the date the Debentures are actually delivered to the Borrower or the transfer agent.
Appears in 1 contract
Sources: Convertible Term Debenture (Fastcomm Communications Corp)
H hereof. Notwithstanding anything herein to the contrary, in the event that the Debentures being prepaid are not delivered to the Borrower or the transfer agent prior to the 3rd business day following the Effective Date of Prepayment, the prepayment of the Debentures pursuant to this Article I.B shall still be deemed effective as of the Effective Date of Prepayment and the Optional Prepayment Amount shall be paid to the holder Holder of Debentures being prepaid within five (5) business days of the date the Debentures are actually delivered to the Borrower or the transfer agent.
Appears in 1 contract
Sources: Securities Purchase Agreement (Icc Technologies Inc)