Common Contracts
6 similar Loan and Security Agreement contracts by Atsi Communications Inc/De, Digerati Technologies, Inc.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • June 13th, 2011 • Digerati Technologies, Inc. • Telephone communications (no radiotelephone) • Texas
FOR VALUE RECEIVED, the undersigned DIGERATI TECHNOLOGIES, INC, a Nevada corporation (“Company), hereby promises to pay to ATVF II LLC, a Texas limited liability company (“Lender”), at such place as Lender may specify, in lawful money of the United States of America, the principal amount of $200,000 (the “Principal Amount”) on the earlier of: (i) a Mandatory Payment Event (as hereinafter defined), or (ii) According to the attached Payback Schedule (the “Maturity Date”), plus interest on the Principal Amount outstanding from time to time hereunder at a rate equal to the lesser of (i) the maximum lawful rate or (ii) sixteen percent (16%) per annum for the first year of the loan and eighteen percent (18%) per annum for the 2nd second year of the loan. Interest shall be calculated in arrears through the last day of each month and shall be due and payable on the first day of the each month, as more fully set forth below in Section 1.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 17th, 2011 • Atsi Communications Inc/De • Telephone communications (no radiotelephone) • Texas
FOR VALUE RECEIVED, the undersigned ATSI COMMUNICATIONS, INC., a Nevada corporation (“Company), hereby promises to pay to ATVF II LLC, a Texas limited liability company (“Lender”), at such place as Lender may specify, in lawful money of the United States of America, the principal amount of $200,000 (the “Principal Amount”) on the earlier of: (i) a Mandatory Payment Event (as hereinafter defined), or (ii) According to the attached Payback Schedule (the “Maturity Date”), plus interest on the Principal Amount outstanding from time to time hereunder at a rate equal to the lesser of (i) the maximum lawful rate or (ii) twelve percent (12%) per annum for the first year of the loan and eighteen (18) per annum for the 2nd second year of the loan. Interest shall be calculated in arrears through the last day of each month and shall be due and payable on the first day of the each month, as more fully set forth below in Section 1.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • December 14th, 2010 • Atsi Communications Inc/De • Telephone communications (no radiotelephone) • Texas
FOR VALUE RECEIVED, the undersigned ATSI COMMUNICATIONS, INC., a Nevada corporation (“Company), hereby promises to pay to ATV Texas Ventures IV, LP., a Delaware limited partnership (“Lender”), at such place as Lender may specify, in lawful money of the United States of America, the principal amount of $200,000 (the “Principal Amount”) on the earlier of: (i) a Mandatory Payment Event (as hereinafter defined), or (ii) According to the attached Payback Schedule (the “Maturity Date”), plus interest on the Principal Amount outstanding from time to time hereunder at a rate equal to the lesser of (i) the maximum lawful rate or (ii) Twelve percent (12%) per annum. Interest shall be calculated in arrears through the last day of each month and shall be due and payable on the first day of the each month, as more fully set forth below in Section 1.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • June 9th, 2010 • Atsi Communications Inc/De • Telephone communications (no radiotelephone) • Texas
FOR VALUE RECEIVED, the undersigned ATSI COMMUNICATIONS, INC., a Nevada corporation (“Company), hereby promises to pay to ATV Texas Ventures III, LP., a Delaware limited partnership (“Lender”), at such place as Lender may specify, in lawful money of the United States of America, the principal amount of $50,000 (the “Principal Amount”) on the earlier of: (i) a Mandatory Payment Event (as hereinafter defined), or (ii) According to the attached Payback Schedule (the “Maturity Date”), plus interest on the Principal Amount outstanding from time to time hereunder at a rate equal to the lesser of (i) the maximum lawful rate or (ii) Twelve percent (12%) per annum. Interest shall be calculated in arrears through the last day of each month and shall be due and payable on the first day of the each month, as more fully set forth below in Section 1.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 12th, 2010 • Atsi Communications Inc/De • Telephone communications (no radiotelephone) • Texas
FOR VALUE RECEIVED, the undersigned ATSI COMMUNICATIONS, INC., a Nevada corporation (“Company), hereby promises to pay to ATV Texas Ventures III, LP., a Delaware limited partnership (“Lender”), at such place as Lender may specify, in lawful money of the United States of America, the principal amount of $100,000 (the “Principal Amount”) on the earlier of: (i) a Mandatory Payment Event (as hereinafter defined), or (ii) According to the attached Payback Schedule (the “Maturity Date”), plus interest on the Principal Amount outstanding from time to time hereunder at a rate equal to the lesser of (i) the maximum lawful rate or (ii) Twelve percent (12%) per annum. Interest shall be calculated in arrears through the last day of each month and shall be due and payable on the first day of the each month, as more fully set forth below in Section 1.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • December 10th, 2009 • Atsi Communications Inc/De • Telephone communications (no radiotelephone) • Texas
FOR VALUE RECEIVED, the undersigned ATSI COMMUNICATIONS, INC., a Nevada corporation (“Company), hereby promises to pay to ATV Texas Ventures III, LP., a Delaware limited partnership (“Lender”), at such place as Lender may specify, in lawful money of the United States of America, the principal amount of $100,000 (the “Principal Amount”) on the earlier of: (i) a Mandatory Payment Event (as hereinafter defined), or (ii) According to the attached Payback Schedule (the “Maturity Date”), plus interest on the Principal Amount outstanding from time to time hereunder at a rate equal to the lesser of (i) the maximum lawful rate or (ii) Twelve percent (12%) per annum. Interest shall be calculated in arrears through the last day of each month and shall be due and payable on the first day of the each month, as more fully set forth below in Section 1.
