Common use of Original Issue Discount Clause in Contracts

Original Issue Discount. The Note carries an original issue discount of $50,000.00 (the “OID”), all of which amount is included in the initial principal balance of the Note. The Purchase Price, therefore, shall be $1,000,000.00, computed as follows: $1,050,000.00 initial principal balance, less the OID.

Appears in 2 contracts

Samples: Securities Purchase Agreement (China Recycling Energy Corp), Securities Purchase Agreement (China Recycling Energy Corp)

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Original Issue Discount. The Note carries Notes carry an original issue discount of $50,000.00 1.5% (the “OIDOID Amount”), all of which amount is included in the initial principal balance of the Note. The Purchase Pricepurchase price, therefore, shall be $1,000,000.002,955,000, computed as follows: $1,050,000.00 initial 3,000,000 original principal balance, less the OIDOID Amount.

Appears in 1 contract

Samples: Note Purchase Agreement (Clearone Inc)

Original Issue Discount. The Note carries an original issue discount of $50,000.00 2,100,000.00 (the “OID”), all of which amount is included in the initial principal balance of the Note. The Purchase Price, therefore, shall be $1,000,000.0015,000,000.00, computed as follows: $1,050,000.00 17,100,000.00 initial principal balance, less the OID.

Appears in 1 contract

Samples: Securities Purchase Agreement (CytoDyn Inc.)

Original Issue Discount. The Note carries Notes carry an aggregate original issue discount of $50,000.00 500,000.00 (the “OID”), all of which amount OID is included in the initial principal balance allocated equally between each of the NoteNotes. The “Note #1 Purchase Price, therefore, shall be $1,000,000.005,000,000.00, computed as follows: $1,050,000.00 5,250,000.00 initial principal balance, less $250,000.00 of the OID. The “Note #2 Purchase Price” (and together with the Note #1 Purchase Price, the “Purchase Price”) shall also be $5,000,000.00, computed as follows: $5,250,000.00 initial principal balance, less the OID.

Appears in 1 contract

Samples: Note Purchase Agreement (Aridis Pharmaceuticals, Inc.)

Original Issue Discount. The Note carries an original issue discount of up to $50,000.00 1,263,500.00 (the “OID”), all of which amount is included in the initial principal balance of the Note. The Purchase Price, therefore, shall be $1,000,000.00, computed as follows: $1,050,000.00 initial principal balance, less the OID.

Appears in 1 contract

Samples: Forbearance and Line of Credit Agreement (Orbital Infrastructure Group, Inc.)

Original Issue Discount. The Note carries an original issue discount of $50,000.00 600,000.00 (the “OID”), all of which amount is included in the initial principal balance of the Note. The Purchase Price, therefore, shall be $1,000,000.003,000,000.00, computed as follows: $1,050,000.00 3,600,000.00 initial principal balance, less the OID.

Appears in 1 contract

Samples: Note Purchase Agreement (MGT Capital Investments Inc)

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Original Issue Discount. The Note carries an original issue discount of $50,000.00 80,000.00 (the “OID”), all of which amount is . The OID will be included in the initial principal balance of the Note. The Transaction Expense will be deducted from the amount funded at Closing. The “Purchase Price, therefore, shall be $1,000,000.00, computed as follows: $1,050,000.00 1,080,000.00 initial principal balance, less the OID.

Appears in 1 contract

Samples: Security Agreement (Intrusion Inc)

Original Issue Discount. The Each Note carries an original issue discount of $50,000.00 100,000.00 (the “OID”), all of which amount is included in the initial principal balance of the Note. The Purchase Price” for each Note, therefore, shall be $1,000,000.00, computed as follows: $1,050,000.00 1,100,000.00 initial principal balance, less the OID.

Appears in 1 contract

Samples: Securities Purchase Agreement (Meiwu Technology Co LTD)

Original Issue Discount. The Note carries an original issue discount of $50,000.00 2,500.00 (the “OID”), all of which amount is included in the initial principal balance of the Note. The Purchase Price, therefore, shall be $1,000,000.00, computed as follows: $1,050,000.00 initial principal balance, less the OID50,000.00.

Appears in 1 contract

Samples: Securities Purchase Agreement (Coates International LTD \De\)

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