Prepayment Provisions. This Note may be prepaid in whole or in part at any time prior to the Maturity Date, without penalty, so long as all accrued interest is paid in shares of common stock AEC as determined in Section 3 above with the date of payment (as such term is defined in Section 7 hereof) being substituted for the Maturity Date in making the calculation of the number of shares to be delivered to the Holder by the Company.
Appears in 4 contracts
Samples: Conversion and Loan Modification Agreement (Arkanova Energy Corp.), Note Purchase Agreement (Arkanova Energy Corp.), Arkanova Energy Corp.