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.