Common use of Required Redemptions Clause in Contracts

Required Redemptions. Beginning on and with August 31, 2022, and on the last day of each calendar month thereafter through and including July 31, 2026, the Company will redeem, without premium, $59,692.00 in principal amount of the Notes, or such lesser amount as may be then outstanding, together with all accrued and unpaid interest then due on the amount so redeemed. On the stated or accelerated maturity of the Notes, the Company will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest then due thereon. No optional redemption of less than all of the Notes shall affect the obligation of the Company to make the redemptions required by this subsection.

Appears in 2 contracts

Samples: Note Purchase Agreement (Dynasil Corp of America), Note Purchase Agreement (Dynasil Corp of America)

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Required Redemptions. Beginning on and with August 31November 30, 20222018, and on the last day of each calendar month thereafter through and including July 31, 20262019, the Company will redeem, without premium, $59,692.00 41,380.95 in principal amount of the Notes, or such lesser amount as may be then outstanding, together with all accrued and unpaid interest then due on the amount so redeemed. On the stated or accelerated maturity of the Notes, the Company will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest then due thereon. No optional redemption of less than all of the Notes shall affect the obligation of the Company to make the redemptions required by this subsection.

Appears in 1 contract

Samples: Note Purchase Agreement (Dynasil Corp of America)

Required Redemptions. Beginning on and with August January 31, 20222002, and -------------------- on the last day of April, July, October and January in each calendar month year thereafter through and including July October 31, 20262006, the Company will redeem, without premium, $59,692.00 185,000 in principal amount of the Notes, or such lesser amount as may be then outstanding, together with all accrued and unpaid interest then due on the amount so redeemed. On the stated or accelerated maturity of the Notes, the Company will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest then due thereon. No optional redemption of less than all of the Notes shall affect the obligation of the Company to make the redemptions required by this subsection.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Candela Corp /De/)

Required Redemptions. Beginning on and with August 31November 30, 20222017, and on the last day of each calendar month thereafter through and including July 31, 20262019, the Company will redeem, without premium, $59,692.00 41,380.95 in principal amount of the Notes, or such lesser amount as may be then outstanding, together with all accrued and unpaid interest then due on the amount so redeemed. On the stated or accelerated maturity of the Notes, the Company will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest then due thereon. No optional redemption of less than all of the Notes shall affect the obligation of the Company to make the redemptions required by this subsection.

Appears in 1 contract

Samples: Note Purchase Agreement (Dynasil Corp of America)

Required Redemptions. Beginning on and with August December 31, 20222019, and on the last day of each calendar month thereafter through and including July 31November 30, 20262021, the Company will redeem, without premium, $59,692.00 36,041.66 in principal amount of the Notes, or such lesser amount as may be then outstanding, together with all accrued and unpaid interest then due on the amount so redeemed. On the stated or accelerated maturity of the Notes, the Company will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest then due thereon. No optional redemption of less than all of the Notes shall affect the obligation of the Company to make the redemptions required by this subsection.

Appears in 1 contract

Samples: Note Purchase Agreement (Dynasil Corp of America)

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Required Redemptions. Beginning on and with August October 31, 20222016, and on the last day of each calendar month in each year thereafter through and including July 31September 30, 20262020, the Company will redeem, without premium, $59,692.00 83,333.33 in principal amount of the Notes, or such lesser amount as may be then outstanding, together with all accrued and unpaid interest then due on the amount so redeemed. On the stated or accelerated maturity of the Notes, the Company will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest then due thereon. No optional redemption of less than all of the Notes shall affect the obligation of the Company to make the redemptions required by this subsection.

Appears in 1 contract

Samples: Purchase Agreement (World Energy Solutions, Inc.)

Required Redemptions. Beginning on and with August 31September 30, 20222015, and on the last day of each calendar month thereafter through and including July 31, 20262017, the Company will redeem, without premium, $59,692.00 130,434.00 in principal amount of the Notes, or such lesser amount as may be then outstanding, together with all accrued and unpaid interest then due on the amount so redeemed. On the stated or accelerated maturity of the Notes, the Company will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest then due thereon. No optional redemption of less than all of the Notes shall affect the obligation of the Company to make the redemptions required by this subsection.

Appears in 1 contract

Samples: Security Agreement (Dynasil Corp of America)

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