Payment Amount definition
Examples of Payment Amount in a sentence
On the Maturity Date, the entire then Payment Amount (or, if an Event of Default shall have previously occurred, the entire Default Amount) shall become immediately due and payable.
On each Scheduled Payment Date, the Company or the ATM Sales Agent pursuant to the ATM Waterfall Distribution Agreement shall make Weekly Installment Payments of the Outstanding Principal Amount under this Note in an amount of not less than $94,500 (each a “Minimum Installment Payment”) until the entire Payment Amount (or, if an Event of Default shall have previously occurred, the entire Default Amount) shall have been paid in full.
On each Scheduled Payment Date, the Company or AGP pursuant to the Payment Direction Agreement shall make Weekly Installment Payments of the Outstanding Principal Amount under this Note in an amount of not less than $168,750.00 (as increased pursuant to Section 2(n)) (each a “Minimum Installment Payment”) until the entire Payment Amount (or, if an Event of Default shall have previously occurred, the entire Default Amount) shall have been paid in full.
The Lender may elect to convert all or any portion of the Payment Amount into Conversion Shares in accordance with Section 2(j).
Upon a Change of Control Transaction, the Company shall pay to the Holder, in cash, an amount equal to 120% of the then Payment Amount, which shall be immediately due and payable.