Common use of Repayment Premium Clause in Contracts

Repayment Premium. Upon repayment on the Maturity Date, or at any earlier time when repayment is required, or permitted hereunder, including upon a default hereunder, as well as upon conversion the Company shall in addition to the Principal Amount pay to the Holder an amount equal to the Repayment Premium calculated on the aggregate unconverted and then outstanding Principal Amount under this Note.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ipsidy Inc.), Ipsidy Inc.

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Repayment Premium. Upon repayment on the Maturity Date, or at any earlier time when repayment is required, or permitted hereunder, including upon a default hereunder, as well as upon conversion the Company shall in addition to the Principal Amount Balance pay to the Holder an amount equal to the Repayment Premium calculated on the aggregate unconverted and then outstanding Principal Amount Balance under this Note.

Appears in 1 contract

Samples: Purchase Agreement (Ipsidy Inc.)

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