Examples of Unpaid Interest Amount in a sentence
The Borrower hereby specifically acknowledges its responsibility to pay the entire Unpaid Interest Amount in cash.
The Borrower may repay the Unpaid Interest Amount in any incremental amounts from time to time at the Borrower’s discretion on or before the Interest Due Date.
Upon a voluntary conversion prior to the maturity date, 100% of the interest that would have been payable between the date of the voluntary conversion and the maturity date (the “Unpaid Interest Amount”) shall be converted into such number of Pareteum Shares equal to the Unpaid Interest Amount divided by the conversion price.
Conversion calculations: Date to Effect Conversion: Principal Amount of Debenture to be Converted: Accrued and Unpaid Interest Amount of Debenture to be Converted: Number of shares of Common Stock to be issued: Signature: Name: Address for Delivery of Common Stock Certificates: SCHEDULE 1 CONVERSION SCHEDULE This Conversion Schedule reflects conversions made under Section 5 of the Debenture.
If on any Distribution Date, as a result of the foregoing allocation rules, any Class of Class A Certificates does not receive the related Accrued Certificate Interest Distribution Amount or the related Unpaid Interest Amount, if any, then that unpaid amount will be recoverable by the holders of those Classes, with interest thereon, on future Distribution Dates, as an Unpaid Interest Amount, subject to the priorities described above.