Common use of Pro Rata Payment Clause in Contracts

Pro Rata Payment. All payments owed to the Holders of the Notes (whether for principal, interest, or otherwise) shall be made pro rata among such Holders based upon the aggregate unpaid principal amount of the Notes held by each such Holder.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (HCSB Financial Corp), Subordinated Note Purchase Agreement (CommunitySouth Financial CORP)

AutoNDA by SimpleDocs

Pro Rata Payment. All payments owed to the Holders of the Notes (whether for principal, interest, interest or otherwise) shall be made pro rata among such Holders based upon the aggregate unpaid principal amount of the Notes held by each such Holder.

Appears in 1 contract

Samples: Subordinated Note and Warrant Purchase Agreement (First Community Corp /Sc/)

Pro Rata Payment. All payments owed to the Holders of the Notes (whether for principal, interest, premium or otherwise) shall be made pro rata among such Holders based upon the aggregate unpaid principal amount of the Notes held by each such Holder.

Appears in 1 contract

Samples: Subordinated Note and Securities Purchase Agreement (Security Bank Corp)

Pro Rata Payment. All payments owed to (including prepayments) by the Holders ---------------- Company of principal of any Notes and the Notes (whether for principal, interest, or otherwise) interest accrued thereon shall be made to the holders of all outstanding Notes, pro rata among such Holders based upon according to the aggregate unpaid principal amount of the such Notes held by each such Holderthem.

Appears in 1 contract

Samples: Securities Purchase Agreement (Data Race Inc)

AutoNDA by SimpleDocs

Pro Rata Payment. All payments owed by the Company to the Holders of the Notes (whether for principal, interest, premium or otherwise) shall be made allocated among the Notes pro rata among such Holders based upon the aggregate unpaid in accordance with their respective outstanding principal amount of the Notes held by each such Holderbalances.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Yellowbrix Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.