Examples of Outstanding Amounts in a sentence
The Borrower/s shall ensure that there shall not be any delay or default in payment of the Outstanding Amounts, at any time during the term of the Loan.
The Borrower/s agree and undertake to pay / repay all the Outstanding Amounts in relation to the Loan in such number of Monthly Installments, on the Due Date(s), as specified in the Schedule.
The number of Conversion Shares to be issued upon such conversion shall be equal to the quotient obtained by dividing the Outstanding Amounts Due by the Conversion Price.
The Company shall not be required to issue or deliver the Conversion Shares until the Foundation has surrendered the Note to the Company; provided, however, that in the event that the Note is being converted in part, then Foundation shall not be required to surrender the Note until the Company has paid to Foundation the entirety of the remaining Outstanding Amounts Due which are not being converted into Conversion Shares.
In the interest of avoidance of doubt, if Foundation does not so elect to convert, or elects to only convert a portion of the Outstanding Amounts Due, then all or the remainder of the Outstanding Amounts Due, respectively, shall become immediately due and payable on the Maturity Date without any further action required on the part of any Party.