Common use of Prepayment Option Upon Triggering Event Clause in Contracts

Prepayment Option Upon Triggering Event. In addition to all other rights of the holder of the Notes contained herein, after a Triggering Event (as defined below), each holder of the Notes shall have the right, at such holder's option, to require the Maker to prepay all or a portion of such holder's Notes at a price equal to the greater of (i) 130% of the aggregate principal amount of the Notes and (ii) the product of (A) the Conversion Rate at such time and (B) the Per Share Market Value of the Common Stock calculated as of the date immediately preceding such Triggering Event on which the exchange or market on which the Common Stock is traded is open ("Triggering Event Prepayment Price" and, collectively with "Major Transaction Prepayment Price," the "Prepayment Price").

Appears in 2 contracts

Samples: Armitec Inc, Armitec Inc

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Prepayment Option Upon Triggering Event. In addition to all other rights of the holder holders of the Notes contained herein, after a Triggering Event (as defined below), each holder of the Notes shall have the right, at such holder's option, to require the Maker to prepay all or a portion of such holder's Notes at a price equal to the greater of (i) 130% of the aggregate principal amount of the Notes and (ii) the product of (A) the Conversion Rate at such time and (B) the Per Share Market Value of the Common Stock calculated as of the date immediately preceding such Triggering Event on which the exchange or market on which the Common Stock is traded is open ("Triggering Event Prepayment Price" and, collectively with "Major Transaction Prepayment Price," the "Prepayment Price").

Appears in 1 contract

Samples: Imaging Technologies Corp/Ca

Prepayment Option Upon Triggering Event. In addition to all other --------------------------------------- rights of the holder holders of the Notes contained herein, after a Triggering Event (as defined below), each holder of the Notes shall have the right, at such holder's option, to require the Maker to prepay all or a portion of such holder's Notes at a price equal to the greater of (i) 130115% of the aggregate principal amount of the Notes and (ii) the product of (A) the Conversion Rate at such time and (B) the Per Share Market Value of the Common Stock calculated as of the date immediately preceding such Triggering Event on which the exchange or market on which the Common Stock is traded is open ("Triggering Event Prepayment Price" and, collectively with "Major Transaction Prepayment Price," the "Prepayment --------------------------- Price").. -----

Appears in 1 contract

Samples: Vertel Corp

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Prepayment Option Upon Triggering Event. In addition to all other rights of the holder holders of the Notes contained herein, after a Triggering Event (as defined below), each holder of the Notes shall have the right, at such holder's option, to require the Maker to prepay all or a portion of such holder's Notes at a price equal to the greater of (i) 130115% of the aggregate principal amount of the Notes and (ii) the product of (A) the Conversion Rate at such time and (B) the Per Share Market Value of the Common Stock calculated as of the date immediately preceding such Triggering Event on which the exchange or market on which the Common Stock is traded is open ("Triggering Event Prepayment Price" and, collectively with "Major Transaction Prepayment Price," the "Prepayment Price").

Appears in 1 contract

Samples: Vertel Corp

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