Common use of Interest Prepayment Clause in Contracts

Interest Prepayment. No interest shall be due on the Debenture except upon an Event of Default as described in Section 8(b). Except as otherwise set forth in this Debenture, the Company may not prepay any portion of the principal amount of this Debenture without the prior written consent of the Holder.

Appears in 2 contracts

Sources: Convertible Security Agreement (Rapid Therapeutic Science Laboratories, Inc.), Securities Agreement (Rapid Therapeutic Science Laboratories, Inc.)

Interest Prepayment. No interest shall be due on the Debenture except as described in Section 6(b) or upon an Event of Default as described in Section 8(b). Except as otherwise set forth in this Debenture, the Company may not prepay any portion of the principal amount of this Debenture without the prior written consent of the Holder.

Appears in 1 contract

Sources: Convertible Security Agreement (LGBTQ Loyalty Holdings, Inc.)