Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Principal Amount, and (iii) third, the Principal Amount.
Appears in 5 contracts
Sources: Secured Convertible Term Note (Corgenix Medical Corp/Co), Convertible Note (Diametrics Medical Inc), Secured Convertible Term Note (AdAl Group Inc.)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal Amount, and (iii) third, against the Principal Amount.
Appears in 4 contracts
Sources: Convertible Note (Bravo Foods International Corp), Secured Convertible Note (Trend Mining Co), Convertible Note (Datascension Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, accrued interest on the Non-Amortizing Principal Amount and (iv) fourth, the Amortizing Principal Amount.
Appears in 3 contracts
Sources: Securities Purchase Agreement (Petrol Oil & Gas Inc), Securities Purchase Agreement (Cci Group Inc), Secured Convertible Term Note (Trinity Learning Corp)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, the Amortizing Principal Amount.
Appears in 2 contracts
Sources: Secured Convertible Term Note (Datalogic International Inc), Secured Convertible Term Note (Fast Eddie Racing Stables Inc)
Application of Conversion Amounts. Any amounts converted by the Holder Purchaser pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount▇▇▇▇▇▇, and (iii) third, accrued interest on the Non-Amortizing Principal Amount▇▇▇▇▇▇ and (iv) fourth, the Amortizing Principal ▇▇▇▇▇▇.
Appears in 2 contracts
Sources: Securities Purchase Agreement (It&e International Group), Secured Convertible Term Note (It&e International Group)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountA▇▇▇▇▇, and (iii) third, accrued interest on the Non-Amortizing Principal AmountA▇▇▇▇▇ and (iv) fourth, the Amortizing Principal A▇▇▇▇▇.
Appears in 2 contracts
Sources: Secured Convertible Term Note (Centurion Gold Holdings Inc), Secured Convertible Term Note (Catalyst Lighting Group Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, accrued interest on the Non-Amortizing Principa▇ ▇▇▇▇nt and (iv) fourth, the Amortizing Principal Amount.
Appears in 2 contracts
Sources: Secured Convertible Term Note (Creative Vistas Inc), Secured Convertible Term Note (Creative Vistas Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount▇▇▇▇▇▇, and (iii) third, accrued interest on the Non-Amortizing Principal Amount▇▇▇▇▇▇ and (iv) fourth, the Amortizing Principal ▇▇▇▇▇▇.
Appears in 2 contracts
Sources: Secured Convertible Term Note (Host America Corp), Secured Convertible Term Note (Centurion Gold Holdings Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, accrued interest ▇▇ ▇▇e Non-Amortizing Principal Amountand (iv) fourth, the Amortizing Principal Amount.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount▇▇▇▇▇▇, and (iii) third, accrued interest on the Non-Amortizing Principal AmountAmountand (iv) fourth, the Amortizing Principal ▇▇▇▇▇▇.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied againstapplied, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal Amount, and (iii) third, against the Principal Amount.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) Sections 2.1 or 3 hereof, shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Principal Amount, and (iii) third, third the Principal Amount.
Appears in 1 contract
Sources: Secured Convertible Term Note (Perfisans Holdings Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) 2.1 or paid by the Borrower shall be deemed to constitute payments of, or applied againstof and applied, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal Amount▇▇▇▇▇▇, and (iii) third, against the Principal Amount▇▇▇▇▇▇.
Appears in 1 contract
Sources: Convertible Note (Goldspring Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section s 2.1(b) and 3.1 hereof shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount▇▇▇▇▇▇, and (iii) third, accrued interest on the Non-Amortizing Principal Amount▇▇▇▇▇▇ and (iv) fourth, the Amortizing Principal ▇▇▇▇▇▇.
Appears in 1 contract
Sources: Secured Convertible Term Note (Cardiogenesis Corp /Ca)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, the Principal Amorti▇▇▇▇ ▇rincipal Amount.
Appears in 1 contract
Sources: Secured Convertible Term Note (Conversion Services International Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued and unpaid interest on the Amortizing Principal Amount▇▇▇▇▇▇, and (iii) third, accrued and unpaid interest on the Non-Amortizing Principal AmountAmount and (iv) fourth, the Amortizing Principal ▇▇▇▇▇▇.
Appears in 1 contract
Application of Conversion Amounts. Any amounts paid or converted by the Holder Borrower pursuant to Section 2.1(b) shall be deemed to constitute payments of, or of and applied against, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal Amount▇▇▇▇▇▇, and (iii) third, against the Principal Amount▇▇▇▇▇▇.
Appears in 1 contract
Sources: Convertible Note (Alpha Solarco Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountA▇▇▇▇▇, and (iii) third, the Amortizing Principal AmountA▇▇▇▇▇.
Appears in 1 contract
Sources: Secured Convertible Term Note (Conversion Services International Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal Amount, and a▇▇ (iii▇▇i) third, against the Principal Amount.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section Sections 2.1(b) or 2.1(c) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Principal Amount, and (iii) third, the outstanding Principal Amount▇▇▇▇▇▇.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal AmountA▇▇▇▇▇, and (iii) third, accrued interest on the 3 of 13 Non-Amortizing Principal AmountA▇▇▇▇▇ and (iv) fourth, the Amortizing Principal A▇▇▇▇▇.
Appears in 1 contract
Sources: Secured Convertible Term Note (Conversion Services International Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, accrue▇ ▇▇▇▇rest on the Non-Amortizing Principal Amount and (iv) fourth, the ▇▇▇▇▇izing Principal Amount.
Appears in 1 contract
Sources: Secured Convertible Term Note (Datalogic International Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) 2.1 or paid by the Borrower shall be deemed to constitute payments of, or applied againstof and applied, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal AmountA▇▇▇▇▇, and (iii) third, against the Principal AmountA▇▇▇▇▇.
Appears in 1 contract
Sources: Convertible Note (Goldspring Inc)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b) shall will be deemed to constitute payments of, or applied against, (i) first, against outstanding fees, (ii) second, against accrued interest on the Principal Amount▇▇▇▇▇▇, and (iii) third, against the Principal Amount▇▇▇▇▇▇.
Appears in 1 contract
Sources: Convertible Note (Trend Mining Co)
Application of Conversion Amounts. Any amounts converted by the Holder Holders pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount▇▇▇▇▇▇, and (iii) third, accrued interest on the Non-Restricted and Restricted Non-Amortizing Principal Amount and (iv) fourth, the Amortizing Principal Amount.
Appears in 1 contract
Sources: Secured Convertible Term Note (Corgenix Medical Corp/Co)
Application of Conversion Amounts. Any amounts converted by the Holder pursuant to Section 2.1(b2.1 (a), (b), or (c) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount▇▇▇▇▇▇, and (iii) third), the Amortizing Principal Amount▇▇▇▇▇▇.
Appears in 1 contract
Application of Conversion Amounts. Any amounts converted by the Holder Purchaser pursuant to Section 2.1(b) shall be deemed to constitute payments of, or applied against, (i) first, outstanding fees, (ii) second, accrued interest on the Amortizing Principal Amount, and (iii) third, the Amortizing Principal Amount.
Appears in 1 contract