VMS Settlement Amount definition

VMS Settlement Amount means Seven Hundred Thirty-Five Thousand, Two Hundred Seventy-Three Dollars and Ninety-Seven cents ($735,273.97) due and payable, but subject to reduction in accordance with the terms of the Settlement Agreement.
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Examples of VMS Settlement Amount in a sentence

  • The term “Collateral” means that number of shares of Common Stock equal to the Principal Amount and accrued Interest currently outstanding from time-to-time under the Loan plus the VMS Settlement Amount divided by the closing price of the Pledgor’s Common Stock on the OTCQB on the Effective Date.

  • The Pledgor pledges the Collateral to the Pledgee to secure the full and punctual payment and discharge of the Note and the VMS Settlement Amount, and grants to the Pledgee a continuing security interest in the Collateral.

  • Furthermore, as an additional inducement the Pledgee, in addition to that number of shares of Common Stock securing the obligations under the Loan Documents, the Pledgor has agreed that the Collateral shall also include that number of shares of Common Stock equal to the full amount of the VMS Settlement Amount.