Series I Notes. In addition to paying the entire then outstanding principal amount and the interest due on the Series I Notes on the maturity date thereof (October 1, 2009), the Company shall prepay, and there shall become due and payable, two million five hundred thousand dollars ($2,500,000) in aggregate principal amount of the Series I Notes on the first day of January, April, July and October in each year, commencing on January 1, 2000 and ending on July 1, 2009, inclusive. Each such prepayment shall be at one hundred percent (100%) of the amount prepaid, together with interest accrued thereon to the date of prepayment.
Series I Notes. The Series I Notes are not subject to required prepayments prior to their maturity date. The outstanding principal amount of the Series I Notes, together with all interest accrued on the Series I Notes shall become due and payable on May 15, 2013.
Series I Notes. The Series I Notes shall bear interest on the outstanding principal amount thereof at the rate of seven and eighty-nine one-hundredths percent (7.89%) per annum and shall be payable to the holders of the Series I Notes, in arrears, quarterly on the first day of January, April, July and October in each year, commencing on January 1, 2000, until the principal amount of the Series I Notes in respect of which such interest shall have accrued shall become due and payable, and interest shall accrue on any overdue principal (including any overdue prepayment of principal) and (to the extent permitted by applicable law) on any overdue installment of interest, at a rate equal to nine and eighty-nine one-hundredths percent (9.89%) per annum.
Series I Notes. The Series I Notes shall not be subject to scheduled principal prepayments. The entire unpaid principal amount of the Series I Notes shall be paid by the Company on July 1, 2010 at par, together with accrued interest thereon, but without payment of the Make-Whole Amount or any premium.
Series I Notes. 38 6.10 SERIES II NOTES......................................................38 6.11
Series I Notes. Buyer's subordinated and secured, subject to approval by Buyer's financial institution to allow Sellers to have a second secured position, promissory notes in the form of Exhibit B attached hereto ("Series I Notes") in the aggregate principal amount of Four Million Four Hundred Thousand and No/100 Dollars ($4,400,000.00), which principal amount may be increased or decreased by the Adjustment Amount (as defined and described in Section 2.4 hereof).
Series I Notes. Each Series I Note will be imprinted with a legend substantially in the following form: The payment of principal and interest on this Note is subject to certain recoupment provisions set forth in a Stock Purchase Agreement dated as of May, ____ 2003 (the "Purchase Agreement") among the issuer of this Note, the person to whom this Note originally was issued, and certain other persons. The indebtedness evidenced by this instrument is subordinated to the prior payment in full of the Senior Obligations (as defined in the Subordination Agreement hereinafter referred to) pursuant to, and to the extent provided in, the Subordination Agreement dated May ___, 2003, made by the Subordinated Creditors and SCB Computer Technology, Inc., a Tennessee corporation (the "Obligor"), in favor of [INSERT NAME OF LENDER], a __________ corporation, as arranger and administrative agent, all as referred to in such Subordination Agreement. Each holder desiring to transfer a Series I Note first must furnish Buyer with a written undertaking executed by the desired transferee reasonably satisfactory to Buyer in form and substance agreeing to be bound by the recoupment provisions and the restrictions on transfer contained herein.
Series I Notes. Section 1.1.
Series I Notes. On or before June 30, 2004, the Company agrees to satisfy all of the conditions set forth in paragraph 3A of the Agreement for the Series I Closing (including, without limitation, (i) the Purchasers of the Series I Notes shall have received the structuring fee referred to in paragraph 2I(4) of the Agreement, as amended hereby, (ii) Prudential shall have received a Funds Delivery Instruction Letter in the form of Exhibit H attached to the Agreement, duly executed by the Company, and (iii) each Purchaser shall have received the opinion described in paragraph 3A(viii) of the Agreement, provided that such opinion shall, in addition to such other matters as the Purchasers may reasonably request, cover this Amendment, the Agreement as amended hereby, the Guaranties as amended hereby and the Security Documents as amended hereby).
Series I Notes
