Event of Default Redemption Price has the meaning set forth in Section 4(b) of this Note.
Event of Default Redemption Price has the meaning set forth in Section 10.2(a).
Event of Default Redemption Price shall have the meaning set forth in Section 5(c).
Examples of Event of Default Redemption Price in a sentence
The Company shall deliver the applicable Event of Default Redemption Price to the Holder within five Business Days after the Company's receipt of the Holder's Event of Default Redemption Notice.
Under Section 5(c) of the Note, if any Event of Default occurs and is continuing, the Required Holders may declare the Note immediately due and payable by delivering an Event of Default Redemption Notice to us, and the Principal shall be redeemed at the Event of Default Redemption Price.
The Company shall deliver the applicable Event of Default Redemption Price in cash to the Holder within fifteen (15) Business Days after the Company’s receipt of the Holder’s Event of Default Redemption Notice.
In the event that the Company does not pay the Event of Default Redemption Price when due, this Note shall, notwithstanding the Holder’s surrender of this Note to the Company, remain outstanding until the date the Holder receives the Event of Default Redemption Price in full, and the Holder shall maintain all of its rights and remedies under this Note.
The Company shall deliver the applicable Event of Default Redemption Price to the Holder within five (5) Business Days after the Company’s receipt of such Holder’s Event of Default Redemption Notice.
More Definitions of Event of Default Redemption Price
Event of Default Redemption Price means a price equal to 100% of the aggregate Principal amount thereof, plus accrued and unpaid Interest, if any, to but excluding the Redemption Date.
Event of Default Redemption Price means a price equal to (a) the sum of (i) the Principal (including, for greater certainty, any interest capitalized and added to the Principal in accordance with Section 1.2), plus (ii) interest on this Note accruing from the issuance date at a rate of 15.0% per annum, compounded daily, up to the date of redemption, minus (b) the sum of all interest previously paid on this Note, whether paid in cash or capitalized and added to the Principal in accordance with Section 1.2.
Event of Default Redemption Price means, with respect to any portion of this Note subject to redemption pursuant to an Event of Default Redemption under Section 6(b) herein, a price equal to the product of (i) the applicable Event of Default Redemption Amount subject to such Event of Default Redemption, multiplied by (ii) 110%.
Event of Default Redemption Price means the sum of (a) the greater of (i) the outstanding Principal of this Note, plus all accrued and unpaid Interest hereon, divided by the Conversion Price on the date the Event of Default Redemption Price is either (A) demanded (if demand or notice is required to create an Event of Default) or otherwise due or (B) paid in full, whichever has a lower Conversion Price, multiplied by the volume-weighted average price (VWAP) on the date the Event of Default Redemption Price is either (x) demanded or otherwise due or (y) paid in full, whichever has a higher VWAP, or (ii) 130% of the outstanding Principal of this Note, plus 100% of accrued and unpaid Interest hereon, and (b) all other amounts, costs, expenses and liquidated damages due in respect of this Note. Redemptions required by this Section 4(b) shall be made in accordance with the provisions of Section 12. To the extent redemptions required by this Section 4(b) are deemed or determined by a court of competent jurisdiction to be prepayments of the Note by the Company, such redemptions shall be deemed to be voluntary prepayments. The parties hereto agree that in the event of the Company’s redemption of any portion of the Note under this Section 4(b), the Holder’s damages would be uncertain and difficult to estimate because of the parties’ inability to predict future interest rates and the uncertainty of the availability of a suitable substitute investment opportunity for the Holder.”
Event of Default Redemption Price means the cash price payable by the Issuer to redeem any Note upon its Event of Default Redemption, calculated pursuant to Section 2.7(c).
Event of Default Redemption Price shall equal the Default Redemption Amount multiplied by the Redemption Premium. Redemptions required by this Section 4.2(b) shall be made in accordance with the provisions of Section 11 .. To the extent redemptions required by this Section 4.2(b) are deemed or determined by a court of competent jurisdiction to be prepayments of this Note by the Company, such redemptions shall be deemed to be voluntary prepayments, but such deemed voluntary prepayments shall not be subject to the prepayment provision in Section 1 hereof. Notwithstanding anything to the contrary in this Section 4, but subject to Section 3.4, until the Event of Default Redemption Price (together with Late Charges thereon) is paid in full; the Note, including the Event of Default Redemption Price, may be converted, in whole or in part, by the Holder into Common Stock pursuant to the terms of this Note. In the event of a partial redemption of this Note pursuant hereto, the applicable Default Redemption Amount shall be deducted from the Installment Amount(s) relating to the applicable Installment Date(s) as set forth in the Event of Default Redemption Notice.
Event of Default Redemption Price shall equal the greater of (i) the principal amount of this Security being redeemed together with any accrued and unpaid interest thereon through the payment of the Event of Default Redemption Price (as defined below) and (ii) solely in the case of an Event of Default pursuant to any of (A) Sections 6(a)(5), (6), (7), (8) or (16) or (B) the Equity Covenants (as defined in Section 6(a)(11)) or (C) any Conversion Failure, the product of (1) the principal amount of this Security being redeemed together with any accrued and unpaid interest (and all other amounts owed hereunder and under any other Transaction Document) thereon through the payment of the Event of Default Redemption Price multiplied by (2) the quotient determined by dividing (A) the greater of (i) the volume Weighted Average Price of the Common Stock for the five (5) Trading Day period starting from the fifth (5th) Trading Day prior to the Event of Default to the Trading Day immediately preceding the Event of Default, and (ii) the greatest closing sale price of the Common Stock during the period beginning on the date immediately preceding such Event of Default (or other such event) and ending on the date the Holder delivers the Event of Default Redemption Notice, by (B) the lowest Conversion Price in effect during such period. Notwithstanding anything to the contrary in this Section 6(b), but subject to Section 3(f), until the Event of Default Redemption Price (together with any interest thereon) is paid in full, the principal amount of this Security (together with any interest thereon) may be converted, in whole or in part, by the Holder into Common Stock pursuant to Section 3. Upon a declaration of acceleration, such Event of Default Redemption Price shall be immediately due and payable.