Examples of Principal Amount in a sentence
The Company will have the right to pre-pay the entire Outstanding Principal Amount (as such term is defined in the Note) pursuant to the terms and conditions set forth in the Note.
This Agreement will automatically terminate, without further action by the parties, at the time after the Closing Date that is sixty (60) days after the Outstanding Principal Amount under the Note and any accrued but unpaid interest is reduced to zero (0), whether as a result of Conversion or repayment by the Company in accordance with the terms of this Agreement and the Note.
On the Third Tranche Closing Date, subject to mutual consent of the parties, and subject to the satisfaction of the terms and conditions set forth herein, the Company agrees to sell, and the Investor agrees to purchase, an aggregate of up to $3,000,000 of Principal Amount of the Third Tranche Note (or such lesser amount as the parties may mutually agree) and Warrants.
The Holder may convert, pursuant to Section 3, any Principal Amount of this Note subject to a Monthly Payment at any time prior to the date that the Monthly Payment, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder are due and paid in full.
Pursuant to the DACA, the Company or a Subsidiary which is a party to the Guarantee Agreement shall maintain a deposit of restricted cash in a United States federal or state chartered bank located in the United States equal to the lower of (i) 40% of the total Subscription Amount(s) delivered by the Investor in accordance with the Purchase Agreement or (ii) 50% of the outstanding Principal Amount due under the Note(s).