Common use of Initial Maturity Date Clause in Contracts

Initial Maturity Date. On the Initial Maturity Date, and subject to the Maturity Extension Option (as defined below), the Company shall pay to the Holder all principal of and interest (and other amounts) accrued on this Note (collectively, the “Obligations”) either (i) in cash or (ii) to the extent permitted through an Exchange in accordance with Section 2(c) below.

Appears in 5 contracts

Sources: Senior Convertible Note (Earth Biofuels Inc), Senior Convertible Note (Earth Biofuels Inc), Senior Convertible Note (Earth Biofuels Inc)

Initial Maturity Date. On the Initial Maturity Date, and subject to the Maturity Extension Option (as defined below), the Company shall pay to the Holder all principal of and interest (and other amounts) accrued on this Note (collectively, the “Obligations”) either (i) in cash or (ii) to the extent permitted through an Exchange in accordance with Section 2(c) below.

Appears in 1 contract

Sources: Senior Convertible Note (Earth Biofuels Inc)