Payment Premium definition

Payment Premium means 5% of the Principal amount being paid.

Payment Premium means 7% of the Principal amount being paid.

Payment Premium means an amount equal to 3% of the Principal amount of a payment being made by the Company in cash in accordance with this Note.

Examples of Payment Premium in a sentence

• After receipt of a Redemption Notice, the Holder shall have ten (10) Trading Days (beginning with the Trading Day immediately following the date of such Redemption Notice) to elect to convert all or any portion of the outstanding Principal of the Notes plus all accrued and unpaid Interest, if any, plus the Payment Premium, if any, in respect of such Principal.

• If this Note or any Other Notes are held by more than one Holder, then the Amortization Principal Amount, plus the Payment Premium in respect of such Amortization Principal Amount, shall be allocated to each Holder based on each Holder’s pro-rata portion of the total Principal amount outstanding on all such notes.

• The “Redemption Amount” shall be an amount equal to the outstanding Principal balance being redeemed by the Company, plus the Payment Premium, if any, in respect of such Principal amount, plus all accrued and unpaid Interest, if any, on such Principal amount, as of the redemption date.

• The Offset Amount shall be paid first towards any Payment Premium that has become due and payable, then towards accrued and unpaid Interest, if any, and then towards outstanding Principal.

• Upon conversion of any portion of the Payment Premium or Interest into Common Shares, the Company shall not add any amount to the capital account maintained in respect of the Common Shares.

More Definitions of Payment Premium

Payment Premium means 8% of the Principal amount being paid.

Payment Premium means 10% of the Principal amount being paid.

Payment Premium means an amount equal to (a) 13 1/2% per annum, compounded semiannually from and after the date hereof until paid, on the principal amount of this Note outstanding from time to time until the time of payment minus (b) the cumulative amount payable by the Company on account of withholding taxes with respect to interest payable pursuant to Section 1.1 to the date of payment of such premium. For the avoidance of doubt, the Payment Premium shall not itself be increased on account of withholding taxes, but shall be subject to, and the amount remitted to the holder reduced by, any withholding tax to which the Payment Premium is subject, with the result that the total cost to the Company for interest, Payment Premium and withholding taxes shall equal twenty-seven and one-half percent (27 1/2%) per annum on the principal outstanding from time to time to the date of payment of the Payment Premium.

Payment Premium means at any time with respect to any Loan being prepaid in whole or in part pursuant to Section 2.09 during any of the periods set forth below an amount equal to the percentage set forth opposite such period of the aggregate principal amount of such Loan being prepaid at such time: Period Percentage January 29, 2011 to and including January 28, 2012 4.00 % January 29, 2012 to and including January 28, 2013 3.00 % January 29, 2013 to and including January 28, 2014 1.00 % Thereafter 0.00 %

Payment Premium means 5% of the Principal amount being paid. 2 Insert price equal to $0.01 above the VWAP on the day prior to the Issuance Date this Note.

Payment Premium means, with respect to any prepayment or repayment of any Term Loans or Commitment reduction (whether mandatory or voluntary, and whether resulting from acceleration or otherwise) occurring (x) at any time prior to the Call Premium Termination Date, the sum of the Call Premium and the Exit Premium and (y) at any time thereafter, the Exit Premium.

Payment Premium means an amount equal to 5% of the Principal amount being paid.