Common use of Interest Make-Whole Clause in Contracts

Interest Make-Whole. In the event that this Debenture is converted or redeemed (including via An Event of Default) prior to the Maturity Date, the Company shall pay to the Holder, in addition to any other amounts then owed, in cash upon such conversion or redemption, an amount in interest equal to the amount of interest that would otherwise have been payable if this Debenture had been held until the Maturity Date.

Appears in 7 contracts

Sources: Convertible Security Agreement (ADVANCED MEDICAL ISOTOPE Corp), Convertible Security Agreement (ADVANCED MEDICAL ISOTOPE Corp), Convertible Security Agreement (ADVANCED MEDICAL ISOTOPE Corp)

Interest Make-Whole. In the event that this Debenture is converted or redeemed (including via An an Event of Default) prior to the Maturity Date, the Company shall pay to the Holder, in addition to any other amounts then owed, in cash upon such conversion or redemption, an amount in interest equal to the amount of interest that would otherwise have been payable if this Debenture had been held until the Maturity Date.

Appears in 1 contract

Sources: Convertible Security Agreement (Propanc Health Group Corp)