Common use of Optional Prepayments in Common Stock Clause in Contracts

Optional Prepayments in Common Stock. In the event that the closing price of the Common Stock on the Principal Market is greater than 115% of the Fixed Conversion Price for a period of at least five (5) consecutive trading days, then the Borrower may, at its sole option, provide the Holder written notice (a "CALL NOTICE") requiring the conversion at the Fixed Conversion Price of all or a portion of the outstanding principal of this Note (subject to compliance with Section 2.3 and 3.2 if payment is less than all of the principal and interest then due), together with accrued interest on the amount being prepaid, as of the date set forth in such Call Notice (the "CALL DATE"). The Call Date shall be at least eleven (11) trading days following the date of the Call Notice. Provided that:

Appears in 1 contract

Samples: Ophthalmic Imaging Systems

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Optional Prepayments in Common Stock. In the event that the average closing price of the Common Stock on the Principal Market is greater than 115% of the Fixed Conversion Price for a period of at least five (5) consecutive trading days, then the Borrower may, at its sole option, provide the Holder written notice (a "CALL NOTICE"“Call Notice”) requiring the conversion at the Fixed Conversion Price of all or a portion of the outstanding principal of this Note (subject to compliance with Section 2.3 and 3.2 if payment is less than all of the principal and interest then due), together with accrued interest on the amount being prepaid, as of the date set forth in such Call Notice (the "CALL DATE"“Call Date”). The Call Date shall be at least eleven (11) trading days following the date of the Call Notice. Provided that:

Appears in 1 contract

Samples: Convertible Term Note (Electric City Corp)

Optional Prepayments in Common Stock. In the event that the closing price of the Common Stock on the Principal Market is greater than 115% of the Fixed Conversion Price for a period of at least five (5) consecutive trading days, then the Borrower may, at its sole option, provide the Holder written notice (a "CALL NOTICECall Notice") requiring the conversion at the Fixed Conversion Price of all or a portion of the outstanding principal of this Note (subject to compliance with Section 2.3 and 3.2 if payment is less than all of the principal and interest then due), together with accrued interest on the amount being prepaid, as of the date set forth in such Call Notice (the "CALL DATECall Date"). The Call Date shall be at least eleven (11) trading days following the date of the Call Notice. Provided that:

Appears in 1 contract

Samples: Ophthalmic Imaging Systems

Optional Prepayments in Common Stock. In the event that the average closing price of the Common Stock on the Principal Market is greater than 115% of the Fixed Conversion Price for a period of at least five (5) consecutive trading days, then the Borrower may, at its sole option, provide the Holder written notice (a "CALL NOTICE"“Call Notice”) requiring the conversion at the Fixed Conversion Price of all or a portion of the outstanding principal of this Note (subject to compliance with Section 2.3 and 3.2 3.3 if payment is less than all of the principal and interest then due), together with accrued interest on the amount being prepaid, as of the date set forth in such Call Notice (the "CALL DATE"“Call Date”). The Call Date shall be at least eleven (11) trading days following the date of the Call Notice. Provided that:;

Appears in 1 contract

Samples: Security Agreement (Electric City Corp)

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Optional Prepayments in Common Stock. In the event that the average closing price of the Common Stock on the Principal Market is greater than 115% of the Fixed Conversion Price for a period of at least five (5) consecutive trading days, then the Borrower may, at its sole option, provide the Holder written notice (a "CALL NOTICE"“Call Notice”) requiring the conversion at the Fixed Conversion Price of all or a portion of the outstanding principal of this Note (subject to compliance with Section 2.3 and 3.2 if payment is less than all of the principal and interest then due), together with accrued interest on the amount being prepaid, as of the date set forth in such Call Notice (the "CALL DATE"“Call Date”). The Call Date shall be at least eleven (11) trading days following the date of the Call Notice. Provided that:;

Appears in 1 contract

Samples: Electric City Corp

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