Common use of Optional Prepayment in Cash Clause in Contracts

Optional Prepayment in Cash. If such prepayment is made on before the first anniversary of the date hereof, the Borrower will have the option of prepaying this Note in full ("OPTIONAL REDEMPTION") by paying to the Holder a sum of money equal to one hundred twelve percent (112%) of the principal amount of this Note together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note or the Purchase Agreement or any Related Document (as defined in the Purchase Agreement) (the "REDEMPTION AMOUNT") outstanding on the day written notice of redemption (the "NOTICE OF REDEMPTION") is given to the Holder, which Notice of Redemption shall specify the date for such Optional Redemption (the "REDEMPTION PAYMENT DATE"). If such prepayment is made after the first but on or before the second anniversary of the date hereof, the Borrower may make an Optional Redemption by paying to the Holder a sum of money equal to one hundred seven percent (107%) of the Redemption Amount and if such prepayment is made after the second but on or before the third anniversary of the date hereof, the Borrower may make an Optional Redemption by paying to the Holder a sum of money equal to one hundred three percent (103%) of the Redemption Amount. A Notice of Redemption shall not be effective with respect to any portion of this Note for which the Holder has a pending election to convert pursuant to Section 3.1 and the Redemption Amount shall be determined as if such election to convert had been completed immediately prior to the date of the Notice of Redemption. The Redemption Payment Date shall be not earlier than the day after the date of the Notice of Redemption and not later than seven (7) days after the date of the Notice of Redemption. On the Redemption Payment Date, the Redemption Amount must be paid in good funds to the Holder. In the event the Borrower fails to pay the Redemption Amount by the Redemption Payment Date, then such Redemption Notice will be null and void.

Optional Prepayment in Cash. If such prepayment is made on before the first anniversary of the date hereof, the Borrower The Borrowers will have the ------------------------------ option of prepaying this Note in full ("OPTIONAL REDEMPTION") by paying to the Holder a sum of money equal to one hundred twelve fifteen percent (112115%) of the principal amount of this Note together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note or Note, the Purchase Agreement Security Agreement, or any Related Document Ancillary Agreement (as defined in the Purchase Security Agreement) (the "REDEMPTION AMOUNT") outstanding on the day written notice of redemption (the "NOTICE OF REDEMPTION") is given to the Holder, which . The Notice of Redemption shall specify the date for such Optional Redemption (the "REDEMPTION PAYMENT DATE"). If such prepayment is made ) which date shall not be earlier than the day after the first but on or before the second anniversary date of the Notice of Redemption and not later than seven (7) days after the date hereof, the Borrower may make an Optional Redemption by paying to the Holder a sum of money equal to one hundred seven percent (107%) of the Notice of Redemption Amount and if such prepayment is made after (the second but on or before the third anniversary of the date hereof, the Borrower may make an Optional Redemption by paying to the Holder a sum of money equal to one hundred three percent (103%) of the Redemption Amount"REDEMPTION PERIOD"). A Notice of Redemption shall not be effective with respect to any portion of this Note for which the Holder has a pending election to convert pursuant to Section 3.1, or for conversions elected to be made by the Holder pursuant to Section 3.1 and during the Redemption Period. The Redemption Amount shall be determined as if such election to convert Holder's conversion elections had been completed xxxx xompleted immediately prior to the date of the Notice of Redemption. The Redemption Payment Date shall be not earlier than the day after the date of the Notice of Redemption and not later than seven (7) days after the date of the Notice of Redemption. On the Redemption Payment Date, the Redemption Amount must be paid in good funds to the Holder. In the event the Borrower fails Borrowers fail to pay the Redemption Amount by on the Redemption Payment Date, then such Redemption Notice will be null and void.

Optional Prepayment in Cash. If such prepayment is made on before the first anniversary of the date hereof, the The Borrower will have the option of prepaying this Note in full ("OPTIONAL REDEMPTION"“Optional Redemption”) by paying to the Holder a sum of money equal to one hundred twelve ten percent (112110%) of the principal amount of this Note together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note or the Purchase Agreement or any Related Document (as defined in the Purchase Agreement) (the "REDEMPTION AMOUNT"“Redemption Amount”) outstanding on the day written notice of redemption (the "NOTICE OF REDEMPTION"“Notice of Redemption”) is given to the Holder, which Notice of Redemption shall specify the date for such Optional Redemption (the "REDEMPTION PAYMENT DATE"“Redemption Payment Date”). If such prepayment is made after the first but on or before the second anniversary of the date hereof, the Borrower may make an Optional Redemption by paying to the Holder a sum of money equal to one hundred seven percent (107%) of the Redemption Amount and if such prepayment is made after the second but on or before the third anniversary of the date hereof, the Borrower may make an Optional Redemption by paying to the Holder a sum of money equal to one hundred three percent (103%) of the Redemption Amount. A Notice of Redemption shall not be effective with respect to any portion of this Note for which the Holder has a pending election to convert pursuant to Section 3.1 and the Redemption Amount shall be determined as if such election to convert had been completed immediately prior to the date of the Notice of Redemption. The Redemption Payment Date shall be not earlier than the day after the date of the Notice of Redemption and not later than seven (7) days after the date of the Notice of Redemption. On the Redemption Payment Date, the Redemption Amount must be paid in good funds to the Holder. In the event the Borrower fails to pay the Redemption Amount by the Redemption Payment Date, then such Redemption Notice will be null and void.

Optional Prepayment in Cash. If such prepayment is made on before the first anniversary of the date hereof, the The Borrower will have the option of prepaying this Note in full ("OPTIONAL REDEMPTION"“Optional Redemption”) by paying to the Holder a sum of money equal to one hundred twelve twenty five percent (112125%) of the principal amount of this Note together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note or the Purchase Agreement or any Related Document (as defined in the Purchase Agreement) (the "REDEMPTION AMOUNT"“Redemption Amount”) outstanding on the day written notice of redemption (the "NOTICE OF REDEMPTION"“Notice of Redemption”) is given to the Holder, which Notice of Redemption shall specify the date for such Optional Redemption (the "REDEMPTION PAYMENT DATE"“Redemption Payment Date”). If such prepayment is made after the first but on or before the second anniversary of the date hereof, the Borrower may make an Optional Redemption by paying to the Holder a sum of money equal to one hundred seven percent (107%) of the Redemption Amount and if such prepayment is made after the second but on or before the third anniversary of the date hereof, the Borrower may make an Optional Redemption by paying to the Holder a sum of money equal to one hundred three percent (103%) of the Redemption Amount. A Notice of Redemption shall not be effective with respect to any portion of this Note for which the Holder has a pending election to convert pursuant to Section 3.1 and the Redemption Amount shall be determined as if such election to convert had been completed immediately prior to the date of the Notice of Redemption. The Redemption Payment Date shall be not earlier than the day after the date of the Notice of Redemption and not later than seven (7) days after the date of the Notice of Redemption. On the Redemption Payment Date, the Redemption Amount must be paid in good funds to the Holder. In the event the Borrower fails to pay the Redemption Amount by the Redemption Payment Date, then such Redemption Notice will be null and void.

Optional Prepayment in Cash. If such prepayment is made on before the first anniversary of the date hereof, the Borrower will have the option of prepaying this Note in full ("OPTIONAL REDEMPTIONOptional Redemption") by paying to the Holder a sum of money equal to one hundred twelve percent (112%) of the principal amount of this Note together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note or the Purchase Agreement or any Related Document (as defined in the Purchase Agreement) (the "REDEMPTION AMOUNTRedemption Amount") outstanding on the day written notice of redemption (the "NOTICE OF REDEMPTIONNotice of Redemption") is given to the Holder, which Notice of Redemption shall specify the date for such Optional Redemption (the "REDEMPTION PAYMENT DATERedemption Payment Date"). If such prepayment is made after the first but on or before the second anniversary of the date hereof, the Borrower may make an Optional Redemption by paying to the Holder a sum of money equal to one hundred seven percent (107%) of the Redemption Amount and if such prepayment is made after the second but on or before the third anniversary of the date hereof, the Borrower may make an Optional Redemption by paying to the Holder a sum of money equal to one hundred three percent (103%) of the Redemption Amount. A Notice of Redemption shall not be effective with respect to any portion of this Note for which the Holder has a pending election to convert pursuant to Section 3.1 and the Redemption Amount shall be determined as if such election to convert had been completed immediately prior to the date of the Notice of Redemption. The Redemption Payment Date shall be not earlier than the day after the date of the Notice of Redemption and not later than seven (7) days after the date of the Notice of Redemption. On the Redemption Payment Date, the Redemption Amount must be paid in good funds to the Holder. In the event the Borrower fails to pay the Redemption Amount by the Redemption Payment Date, then such Redemption Notice will be null and void.