Periodic Redemption Amount definition

Periodic Redemption Amount means, as to a Periodic Redemption, $560,000, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means the sum of (i) (a) as to the Periodic Redemptions on February 1, 2015 and May 1, 2015, $280,000 and (b) as to the Periodic Redemption on August 1, 2015, $560,000 and (ii) plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means, as to a Periodic Redemption, $ each as to the October 1, 2015 and January 1, 2016 Periodic Redemption Dates and $ as to the April 1, 2016 Periodic Redemption Date, in each case plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Examples of Periodic Redemption Amount in a sentence

• The Holder may convert, pursuant to Section 4(a), any principal amount of this Debenture subject to a Periodic Redemption at any time prior to the date that the Periodic Redemption Amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder are due and paid in full.

• On each Periodic Redemption Date, the Company shall redeem the Periodic Redemption Amount (the “Periodic Redemption”).

• Notwithstanding anything herein contained to the contrary, if any portion of the Optional Redemption Amount or Periodic Redemption Amount remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate such Optional Redemption or Periodic Redemption, ab initio, and, with respect to the Company’s failure to honor the Optional Redemption, the Company shall have no further right to exercise such Optional Redemption.

• Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any principal amount of this Debenture converted during the applicable Periodic Conversion Period until the date the Periodic Redemption Amount is paid in full shall be first applied to the principal amount subject to the Periodic Redemption Amount payable in cash and then to the Periodic Redemption Amount payable in Conversion Shares.

• Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any principal amount of this Debenture converted during the period beginning on the delivery date of the applicable Periodic Redemption Notice until the date on which the Periodic Redemption Amount is paid in full shall be first applied to the principal amount subject to the Periodic Redemption Amount.

More Definitions of Periodic Redemption Amount

Periodic Redemption Amount means the sum of (i) as to each Periodic Redemption Date, $2,146,000, and (ii) accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount is hereby amended to mean the sum of (i) all then outstanding principal amount of this Debenture and (ii) accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means the sum of (i) (a) as to the Periodic Redemptions on July 1, 2016 and October 1, 2016, $63,000.00, and (b) as to the Periodic Redemption on January 1, 2017, the greater of (x) the then outstanding principal amount of this Debenture or (y) $126,000.00 and (ii) accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means, as to a Periodic Redemption, $ , plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means the sum of (i) $ $250,000 on each Periodic Redemption Date ( with the exception of $500,000 to be paid on October 31, 2015) and (ii) plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means the sum of (i) $389,200 on October 1, 2015 and January 1, 2016, respectively, and $778,400 on April 1, 2016 and (ii) plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Periodic Redemption Amount means 25% of the original principal amount of this Debenture, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.