Common use of Repayment Right Clause in Contracts

Repayment Right. (a) Upon an Event of Default, the Holder may require the Company to repay (the "Repayment Right") all or any portion of the outstanding principal amount of this Note and accrued interest (the "Repayment Amount") by requiring the Company to deliver shares of common stock of the Company (the "Common Stock") equal in value to the Repayment

Appears in 1 contract

Sources: Senior Secured Note (Conversion Technologies International Inc)

Repayment Right. (a) Upon an Event of Default, the Holder may require the Company to repay (the "Repayment Right") all or any portion of the outstanding principal amount of this Note and accrued interest (the "Repayment Amount") by requiring the Company to deliver shares of common stock of the Company (the "Common Stock") equal in value to the RepaymentRepayment Amount. The Holder may exercise this Repayment Right from time to time, in whole or in

Appears in 1 contract

Sources: Senior Secured Note (Conversion Technologies International Inc)