Payment of Principal; Prepayment. The Principal Amount hereof shall be paid in full on the Maturity Date or, if earlier, upon acceleration of this Note in accordance with the terms hereof. Any amount of principal repaid hereunder may not be reborrowed. The Maker may prepay any portion of the principal amount of this Note without the prior written consent of the Holder by delivering Holder notice thereof at least 10 days prior to the date of prepayment; provided, that, the Maker shall be obligated to honor all conversion requests delivered by the Holder during such 10 day period.
Payment of Principal; Prepayment. The Balance under this Note is due and payable on the Maturity Date. The Principal Balance may be prepaid at any time and from time to time by the Maker without premium or penalty provided such prepayment is accompanied by the payment of all accrued but unpaid interest on the Principal Balance so prepaid.
Payment of Principal; Prepayment. The Principal Amount hereof shall be paid in full on the Maturity Date or, if earlier, upon acceleration of this Note in accordance with the terms hereof. Any amount of principal repaid hereunder may not be reborrowed. The Maker may prepay all or any portion of the principal amount of this Note upon seven (7) business days’ prior written notice to the Holder without premium or penalty (other than as set forth in Section 3.6); provided, that, it is understood that the Maker shall be obligated to honor all conversion requests during such seven (7) business day period.
Payment of Principal; Prepayment. The Company shall repay the remaining unpaid balance of this Convertible Debenture on the Maturity Date. For so long as no Event of Default or Default has occurred, the Company may prepay all of the outstanding principal amount and accrued interest of this Convertible Debenture in accordance with this Section 3. Prepayment may occur on or before the 120th day following the date of this Convertible Debenture for a prepayment price equal to 115% of the original outstanding principal amount of this Convertible Debenture plus all accrued interest thereon (the "Prepayment Price"). If Prepayment is made between the 121st day and the 150th day following the date of this Convertible Debenture, the Prepayment Price is equal to 118% of the original outstanding principal amount of this Convertible Debenture plus all accrued interest thereon. If Prepayment is made between the 151st day and the 180th day following the date of this Convertible Debenture, the Prepayment Price is equal to 120% of the original outstanding principal of this Convertible Debenture plus all accrued interest thereon. The Company's right to Prepay this Convertible Debenture shall expire on the 181st day following the date of this Convertible Debenture. Notwithstanding the foregoing, the Company may or shall be obligated under certain circumstances, to redeem all or a portion of this Convertible Debenture on the terms specified in the Agreement in accordance with Section 5 of this Convertible Debenture.
Payment of Principal; Prepayment. The outstanding principal balance plus all outstanding interest, the Exit Fee and all other amounts due and owing hereunder shall be paid in full on the Maturity Date. Any amount of principal repaid hereunder may not be reborrowed. The Maker may prepay all or any portion of the principal amount of this Note in an amount equal to the sum of (i) 100% of the amount of such principal prepayment, (ii) the Exit Fee and (iii) all outstanding interest and all other amounts due and owing hereunder, upon not less than three (3) Business Days prior written notice to the Holder. This Note is further subject to mandatory prepayment at the option of the Holder as set forth in Article 4 hereof.
Payment of Principal; Prepayment. The Obligor shall pay to Payee the following amounts of Principal under this Note, in each case together with accrued and unpaid interest on the then unpaid Principal, on each of the following dates (each, a "Payment Date"):
Payment of Principal; Prepayment. The Company shall repay the remaining unpaid balance of this Convertible Debenture on the Maturity Date. For so long as no Event of Default or Default has occurred, the Company may prepay all of the outstanding principal amount and accrued interest of this Convertible Debenture on or before the thirtieth day following the date of this Convertible Debenture for a prepayment price equal to the original outstanding principal amount of this Convertible Debenture plus all accrued interest thereon (the "Prepayment Price"). In addition to the foregoing, the Company may or shall be obligated to under certain circumstances, redeem all or a portion of this Convertible Debenture on the terms specified in the Agreement in accordance with Section 5 of this Convertible Debenture.
Payment of Principal; Prepayment. The principal amount hereof shall be paid in full on the Maturity Date or, if earlier, upon acceleration of this Note in accordance with the terms hereof. Upon repayment on the Maturity Date, the Maker shall pay a redemption fee equal to 30% of the principal amount hereof repaid (in addition to the principal amount then outstanding). Any amount of principal repaid hereunder may not be reborrowed. The Maker may not prepay any portion of the principal amount of this Note without the prior written consent of the Holder, which may be withheld in the Holder’s sole and absolute discretion, except as set forth below in this Section 1.3 and as set forth in Section 3.6(k) hereof.
Payment of Principal; Prepayment. Maker shall pay the amounts due under this Note in accordance with the following: (a) beginning on the Effective Date, all accrued and unpaid interest on the Principal Amount that is outstanding on the first day of each calendar quarter shall be due and payable on that date; (b) beginning July 1, 2025, $62,500 of the Principal Amount and all accrued and unpaid interest on the Principal Amount that is outstanding on the first day of each calendar quarter shall be due and payable on the first day of such calendar quarter; and (c) on the Maturity Date, the final payment of the outstanding balance of the Principal Amount, together with all accrued and unpaid interest and other amounts payable under this Note. For purposes of clarity, a schedule of payments that are due pursuant to this Note is attached hereto as Exhibit A. When used in this Note, the term “first day of each calendar quarter” shall mean October 1, January 1, April 1, or July 1, as applicable. This Note may be prepaid, in full or in part, without prepayment penalty by Maker. For the avoidance of doubt, in the case of prepayment in full, interest shall accrue and be payable through the date of the prepayment. All payments shall be made by wire transfer of immediately available funds to Payee pursuant to Xxxxx’s written instructions. All payments on this Note shall be first applied to the payment of any of Xxxxx’s expenses or charges payable hereunder; next to accrued and unpaid interest; and then to unpaid Principal Amount, or in such other order as Payee may elect in its sole discretion. In the event that the Consulting Agreement of even date herewith between Maker and Xxxxxxx Global Inc., as consultant (the “Consulting Agreement”), is terminated by Maker without Cause (as defined in the Consulting Agreement) prior to the receipt by Sellers (as defined in the Agreement) of the Earn-out Payments (as defined in the Agreement) in an aggregate amount equal to $3,000,000 from Maker, Maker shall make a prepayment to each Seller in an amount equal to 50% of the then-outstanding balance of the Principal Amount of this Note; provided, however, Maker shall only be required to make such prepayment to Sellers to the extent permitted under the Subordination Agreement of even date herewith by and between Fifth Third Bank, National Association and Sellers. Notwithstanding the foregoing or anything else to the contrary in this Note, the Agreement, or any of the Ancillary Documents, Maker’s obligations and perfo...
Payment of Principal; Prepayment. The outstanding principal balance plus all outstanding interest and all other amounts due and owing hereunder shall be paid in full on the Maturity Date. Notwithstanding the foregoing, the principal balance hereunder and all other amounts may be payable in full at such earlier time upon acceleration of this Note in accordance with the terms hereof. Any amount of principal repaid hereunder may not be reborrowed. The Maker may prepay all or any portion of the principal amount of this Note in an amount equal to the sum of (i) 100% of the amount of the principal prepayment, and (ii) all outstanding interest and all other amounts due and owing hereunder, upon not less than thirty (30) days prior written notice to the Holder, without other penalty or premium. This Note is further subject to mandatory prepayment at the option of the Holder as set forth in Article 4 hereof.
