Common use of Optional Redemption Right Clause in Contracts

Optional Redemption Right. Subject to the provisions of this article, at any time the Company may deliver a notice to the Holder (an “Optional Redemption Notice” and 10 trading days from the date of such notice is deemed delivered hereunder will be the “Optional Redemption Notice Date”) of its irrevocable election to redeem all (but not less than all) of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for cash at a redemption price equal to: 130% multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for one to 360 days after this note is funded; 127.5 percent multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 361 one to 720 days after this note is funded; 125% multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 721 days to 1,081 days after this note is funded; 122.5% multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 1,082 to 1,441 twenty days after this note is funded; 120% multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 1,442 days after this note is funded;

Optional Redemption Right. Subject to the provisions of this article, at any time the Company may deliver a notice to the Holder (an “Optional Redemption Notice” and 10 trading days from the date of such notice is deemed delivered hereunder will be the “Optional Redemption Notice Date”) of its irrevocable election to redeem all (but not less than all) of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for cash at a redemption price equal to: 130% one hundred and thirty percent multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for one to 360 thirty days after this note is funded; 127.5 one hundred and thirty five percent multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 361 thirty one to 720 sixty days after this note is funded; 125% one hundred and thirty five percent multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 721 days sixty one to 1,081 ninety days after this note is funded; 122.5% one hundred and forty percent multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 1,082 ninety one to 1,441 one hundred and twenty days after this note is funded; 120% one hundred and forty five percent multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for 1,442 one hundred and twenty one to one hundred and fifty days after this note is funded;; One hundred and fifty percent multiplied by all of the then Outstanding Balance together with all unpaid interest accrued thereon of this Note for one hundred and fifty one to one hundred and seventy nine days after this note is funded.