Redemption Procedure. The payment of cash pursuant to an Optional Redemption shall be payable on the Optional Redemption Date, as applicable. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company by the applicable due date, an Event of Default shall be deemed to have occurred under the Note.
Appears in 3 contracts
Sources: Convertible Security Agreement (CV Sciences, Inc.), Convertible Security Agreement (CV Sciences, Inc.), Convertible Security Agreement (CV Sciences, Inc.)
Redemption Procedure. The payment of cash pursuant to an Optional Redemption or a Monthly Redemption shall be payable on the Optional Redemption Date and Monthly Redemption Date, as applicable. If any portion of the payment pursuant to an Optional Redemption or Monthly Redemption shall not be paid by the Company by the applicable due date, an Event of Default shall be deemed to have occurred under the this Note.
Appears in 2 contracts
Sources: Convertible Security Agreement (Curative Biotechnology Inc), Convertible Security Agreement (Curative Biotechnology Inc)
Redemption Procedure. The Any payment of cash pursuant to an Optional Redemption shall be payable on the Optional Redemption Date, as applicable. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company by the applicable due date, interest shall accrue thereon at an Event interest rate equal to the lesser of Default shall be deemed to have occurred under 18% per annum or the Notemaximum rate permitted by applicable law until such amount is paid in full.
Appears in 2 contracts
Sources: Convertible Security Agreement (Synthesis Energy Systems Inc), Convertible Security Agreement (Synthesis Energy Systems Inc)
Redemption Procedure. The payment of cash pursuant to an Optional Redemption shall be payable made on the Optional Redemption Date. If any portion of the cash payment for an Optional Redemption has not been paid by the Corporation on the Optional Redemption Date, as applicable. If any portion interest shall accrue thereon until such amount is paid in full at a rate equal to the lesser of 15% per annum or the payment pursuant to an Optional Redemption shall not be paid maximum rate permitted by the Company by the applicable due date, an Event of Default shall be deemed to have occurred under the Notelaw.
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Redemption Procedure. The payment of cash pursuant to an Optional Redemption shall be payable on the applicable Optional Redemption Date, as applicable. If any portion of the payment pursuant to an Optional Redemption shall not be paid by the Company by the applicable due dateOptional Redemption Date, an Event of interest shall accrue on the aggregate amount payable by the Company at the Default shall be deemed to have occurred under the NoteRate until such amount is paid in full.
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