Common use of SCHEDULED PAYMENT OF PRINCIPAL Clause in Contracts

SCHEDULED PAYMENT OF PRINCIPAL. The Company shall pay the outstanding Face Amount of this Note, together with all accrued and unpaid Interest thereon, if any, in cash to the Holder on March 8, 2007 (the "FINAL MATURITY DATE") by wire transfer of immediately available U.S. Dollars to such account of the Holder as the Holder shall designate in writing to the Company; provided that, if prior to the Final Maturity Date the Holder shall have exercised its conversion rights pursuant to subsection 4.1 with respect to all or a portion of the Face Amount of this Note and accrued but unpaid Interest thereon by delivery of a notice of conversion in accordance with subsection 4.1(c), payment by the Company under this Section 2(a) of such portion of the Face Amount and Interest on this Note shall not be made on such date but if the Holder shall thereafter have revoked its notice of conversion with respect to such portion of this Note proposed to be converted in accordance with subsection 4.1, such payment shall be made within 10 days following such revocation.

Appears in 3 contracts

Samples: America Online Latin America Inc, America Online Latin America Inc, America Online Latin America Inc

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SCHEDULED PAYMENT OF PRINCIPAL. The Company shall pay the outstanding Face Amount of this Note, together with all accrued and unpaid Interest thereon, if any, in cash to the Holder on March 8, 2007 2009 (the "FINAL MATURITY DATE") by wire transfer of immediately available U.S. Dollars to such account of the Holder as the Holder shall designate in writing to the Company; provided that, if prior to the Final Maturity Date the Holder shall have exercised its conversion rights pursuant to subsection 4.1 with respect to all or a portion of the Face Amount of this Note and accrued but unpaid Interest thereon by delivery of a notice of conversion in accordance with subsection 4.1(c), payment by the Company under this Section 2(a) of such portion of the Face Amount and Interest on this Note shall not be made on such date but if the Holder shall thereafter have revoked its notice of conversion with respect to such portion of this Note proposed to be converted in accordance with subsection 4.1, such payment shall be made within 10 days following such revocation.. (b)

Appears in 1 contract

Samples: people.stern.nyu.edu

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