Common use of Prepayment Option Upon Major Transaction Clause in Contracts

Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), the Holder shall have the right, at the Holder’s option, to require the Makers to prepay in cash all or a portion of this Note at a price equal to one hundred twenty percent (120%) of the aggregate principal amount of this Note plus all accrued and unpaid Interest (the “Major Transaction Prepayment Price”).

Appears in 13 contracts

Samples: Vision Capital Advisors, LLC, Vision Capital Advisors, LLC, Vision Capital Advisors, LLC

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Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), the Holder shall have the right, at the Holder’s option, to require the Makers to prepay in cash all or a portion of this Note at a price equal to one hundred twenty percent (120%) of the aggregate principal amount of this Note plus all accrued and unpaid Interest (the Major Transaction Prepayment PricePrice ”).

Appears in 4 contracts

Samples: Juma Technology Corp., Juma Technology Corp., Juma Technology Corp.

Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined belowin Section 3.6(e) hereof), the Holder shall have the right, at the Holder’s option, to require the Makers Company to prepay in cash all or a portion of this the Holder’s Note at a price equal to one hundred twenty percent (120%) 150% of the aggregate principal amount of this Note plus all accrued and unpaid Interest interest (the “Major Transaction Prepayment Price”).

Appears in 3 contracts

Samples: Membership Interest Purchase Agreement (Boxlight Corp), Executed Purchase Note (Boxlight Corp), Membership Interest Purchase Agreement (Boxlight Corp)

Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), the Holder shall have the right, at the Holder’s 's option, to require the Makers Maker to prepay in cash all or a portion of this Note the Holder's Notes at a price equal to one hundred twenty percent (120%) of the aggregate principal amount of this Note plus all accrued and unpaid Interest interest (the "Major Transaction Prepayment Price").

Appears in 3 contracts

Samples: Stock Purchase Agreement (Total Luxury Group Inc), Stock Purchase Agreement (Total Luxury Group Inc), Total Luxury Group Inc

Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), the Holder shall have the right, at the Holder’s option, to require the Makers Maker to prepay in cash all or a portion of this Note the Holder’s Notes at a price equal to one hundred twenty ten percent (120110%) of the aggregate principal amount of this Note being prepaid plus all accrued and unpaid Interest interest (the “Major Transaction Prepayment Price”).

Appears in 2 contracts

Samples: Ambient Corp /Ny, Ambient Corp /Ny

Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), the Holder shall have the right, at the Holder’s 's option, to require the Makers Maker to prepay in cash all or a portion of this Note the Holder's Notes at a price equal to one hundred twenty ten percent (120110%) of the aggregate principal amount of this Note plus all accrued and unpaid Interest interest (the “Major Transaction Prepayment Price”"MAJOR TRANSACTION PREPAYMENT PRICE").

Appears in 1 contract

Samples: SEAMLESS Corp

Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), the Holder shall have the right, at the Holder’s 's option, to require the Makers Maker to prepay in cash all or a portion of this Note the Holder's Notes at a price equal to one hundred twenty ten percent (120110%) of the aggregate principal amount of this Note being prepaid plus all accrued and unpaid Interest interest (the "Major Transaction Prepayment Price").

Appears in 1 contract

Samples: Ambient Corp /Ny

Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), the Holder shall have the right, at the Holder’s 's option, to require the Makers Maker to prepay in cash all or a portion of this Note the Holder's Notes at a price equal to one hundred twenty percent (120100%) of the aggregate principal amount of this Note plus all accrued and unpaid Interest interest (the "Major Transaction Prepayment Price").

Appears in 1 contract

Samples: Juma Technology Corp.

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Prepayment Option Upon Major Transaction. In addition to all ----------------------------------------- other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), the Holder shall have the right, at the Holder’s 's option, to require the Makers Maker to prepay in cash all or a portion of this Note the Holder's Notes at a price equal to one hundred twenty ten percent (120110%) of the aggregate principal amount of this Note plus all accrued and unpaid Interest interest (the "Major Transaction Prepayment Price").. -------------------------------------

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Charys Holding Co Inc)

Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined belowin Section 3.7(e) hereof), the Holder shall have the right, at the Holder’s 's option, to require the Makers Maker to prepay in cash all or a portion of this Note the Holder's Notes at a price equal to one hundred twenty ten percent (120110%) of the aggregate principal amount of this Note plus all accrued and unpaid Interest interest (the "Major Transaction Prepayment Price").

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Eden Energy Corp)

Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), the Holder shall have the right, at the Holder’s 's option, to require the Makers to prepay in cash all or a portion of this Note the Holder's Notes at a price equal to one hundred percent twenty percent (120%) of the aggregate principal amount of this Note plus all accrued and unpaid Interest interest (the “Major Transaction Prepayment Price”).

Appears in 1 contract

Samples: Security Agreement (Juma Technology Corp.)

Prepayment Option Upon Major Transaction. In addition to all other rights of the Holder contained herein, simultaneous with the occurrence of a Major Transaction (as defined below), the Holder shall have the right, at the Holder’s option, to require the Makers to prepay in cash all or a portion of this Note at a price equal to one hundred twenty percent (120%) of the aggregate principal amount of this Note plus all accrued and unpaid Interest interest (the “Major Transaction Prepayment Price”).

Appears in 1 contract

Samples: Juma Technology Corp.

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