Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Amount of this Note shall begin on June 1, 2006 and shall recur on each succeeding Repayment Date thereafter until the Principal Amount has been repaid in full On each Repayment Date, the Borrower shall make payments to the Holder in the amount of $219,047.62 (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"); Any Principal Amount, together with any accrued and unpaid interest and any and all other unpaid amounts that are then owing by the Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Sources: Secured Term Note (National Investment Managers Inc.)
Minimum Monthly Principal Payments. Amortizing payments of the outstanding Any Principal Amount of this Note shall begin on June 1, 2006 and shall recur on each succeeding Repayment Date thereafter until the Principal Amount has been repaid in full On each Repayment Date, the Borrower shall make payments to the Holder in the amount of $219,047.62 (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"); Any Principal Amount, together with any accrued and unpaid interest and any and all other unpaid amounts that are then owing by the Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "Principal Amount") shall be made by the Company on September 1, 2005_and on the first business day of each succeeding month thereafter through and including the Maturity Date (each, an "Amortization Date"). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Date, each such payment in the amount of $107,323.23 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the "Monthly Amount"). Any outstanding Principal Amount together with any accrued and unpaid interest and any and all other unpaid amounts which are then owing by the Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement shall be due and payable on the Maturity Date.
Appears in 1 contract
Sources: Secured Convertible Term Note (Datalogic International Inc)
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding Principal Amount of under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on June November 1, 2006 2005 and shall recur on the first business day of each succeeding Repayment Date month thereafter until the Principal Amount has been repaid in full On each Repayment Maturity Date (each, an "AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $219,047.62 1,190.48 (the "Monthly Principal AmountMONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount (as defined below) plus any and all other amounts which are then owing under this Note that Note, the Purchase Agreement or any other Related Agreement but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly AmountMONTHLY AMOUNT"); . Any Principal Amount, together with any accrued and unpaid interest and any and all other unpaid amounts that are then owing by the Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Amount principal amount of this Note shall begin on June January 1, 2006 2005 and shall recur on each succeeding Repayment Date thereafter until the Principal Amount has been repaid in full On full, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date, the Borrower Company shall make payments to the Holder in the amount of $219,047.62 50,000.00 (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"); . Any outstanding Principal Amount, Amount together with any accrued and unpaid interest and any and all other unpaid amounts that which are then owing by the Borrower or its subsidiaries Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
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Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding Principal Amount of under this Note at any time (the "Principal Amount") shall begin be made by the Company commencing on June October 1, 2006 and shall recur 2005_and on the first business day of each succeeding Repayment month thereafter through and including the Maturity Date thereafter until (each, an "Amortization Date"). Subject to Article III below, commencing on the Principal Amount has been repaid in full On first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Date, the Borrower shall make payments to the Holder each such payment in the amount of $219,047.62 (the "Monthly Principal Amount"), 32,565 together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other unpaid amounts which are then owing under this Note that have not been paid Note, the Purchase Agreement and/or any other Related Agreement (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"); . Any outstanding Principal Amount, Amount together with any accrued and unpaid interest and any and all other unpaid amounts that which are then owing by the Borrower or its subsidiaries Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Sources: Secured Convertible Term Note (Conversion Services International Inc)
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding Principal Amount of under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on June November 1, 2006 2005 and shall recur on the first business day of each succeeding Repayment Date month thereafter until the Principal Amount has been repaid in full On each Repayment Maturity Date (each, an "AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $219,047.62 3,571.43 (the "Monthly Principal AmountMONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount (as defined below) plus any and all other amounts which are then owing under this Note that Note, the Purchase Agreement or any other Related Agreement but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly AmountMONTHLY AMOUNT"); . Any Principal Amount, together with any accrued and unpaid interest and any and all other unpaid amounts that are then owing by the Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding Principal Amount of under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on June November 1, 2006 2005 and shall recur on the first business day of each succeeding Repayment Date month thereafter until the Principal Amount has been repaid in full On each Repayment Maturity Date (each, an "AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $219,047.62 28,571.43 (the "Monthly Principal AmountMONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount (as defined below) plus any and all other amounts which are then owing under this Note that Note, the Purchase Agreement or any other Related Agreement but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly AmountMONTHLY AMOUNT"); . Any Principal Amount, together with any accrued and unpaid interest and any and all other unpaid amounts that are then owing by the Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
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Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Amount of this Note shall begin commence on June 1, 2006 the first (1st) Repayment Date and shall recur on each succeeding Repayment Date thereafter until the Principal Amount has been repaid in full On full, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date, the Borrower shall make payments to the Holder in the amount of $219,047.62 one-thirty-second (1/32nd) of the initial Principal Amount (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"); Any . Amounts of conversions of Principal Amount, together with any accrued and unpaid interest and any and all other unpaid amounts that are then owing Amount made by the Holder or Borrower pursuant to Section 2.1 or its subsidiaries under this NoteArticle III, the Purchase Agreement and/or any other Related Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.Redemption Amounts (as defined in Section
Appears in 1 contract
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding Principal Amount of under this Note at any time (the “Principal Amount”) shall begin on June August 1, 2006 2004 and shall recur on the first business day of each succeeding Repayment Date month thereafter until the Principal Amount has been repaid in full On each Repayment Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $219,047.62 45,454.55 (the "“Monthly Principal Amount"”), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount plus any and all other amounts which are then owing under this Note that but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "“Monthly Amount"”); Any . In addition, in the event that any funds are released from the Restricted Account (as defined in the Restricted Account Agreement) for any reason other than as a result of a conversion of the Monthly Principal Amount into Common Stock in accordance with Article II or III below, the amount of such release shall be added to the amount each future installment of the Monthly Principal Amount, together with any accrued and unpaid interest and any and all other unpaid amounts that are then owing by the Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement allocated among such future installments on a pro rata basis. Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Sources: Secured Convertible Term Note (Certified Services Inc)
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding Principal Amount of under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on June November 1, 2006 2005 and shall recur on the first business day of each succeeding Repayment Date month thereafter until the Principal Amount has been repaid in full On each Repayment Maturity Date (each, an "AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $219,047.62 130,952.38 (the "Monthly Principal AmountMONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount (as defined below) plus any and all other amounts which are then owing under this Note that Note, the Purchase Agreement or any other Related Agreement but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly AmountMONTHLY AMOUNT"); . Any Principal Amount, together with any accrued and unpaid interest and any and all other unpaid amounts that are then owing by the Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Minimum Monthly Principal Payments. Amortizing Borrower shall make monthly payments on the Repayment Date for the outstanding principal of the outstanding Amortized Principal Amount of this Note shall begin beginning on June August 1, 2006 2005 and shall recur recurring on each succeeding Repayment Date thereafter until the Amortizing Principal Amount ▇▇▇▇▇▇ has been repaid in full On full, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, beginning on August 1, 2005 on each Repayment Date, the Borrower shall make payments to the Holder in the amount of $219,047.62 [__________] (the "“Monthly Principal Amount"”), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "“Monthly Amount"”); . Any Principal Amount, together with any accrued and unpaid interest and any and all other unpaid amounts that are then owing by the Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Minimum Monthly Principal Payments. Amortizing payments of the aggregate principal amount outstanding Principal Amount of under this Note at any time (the "PRINCIPAL AMOUNT") shall begin on June November 1, 2006 2005 and shall recur on the first business day of each succeeding Repayment Date month thereafter until the Principal Amount has been repaid in full On each Repayment Maturity Date (each, an "AMORTIZATION DATE"). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $219,047.62 2,380.95 (the "Monthly Principal AmountMONTHLY PRINCIPAL AMOUNT"), together with any accrued and unpaid interest then due to date on such portion of the Amortizing Principal Amount (as defined below) plus any and all other amounts which are then owing under this Note that Note, the Purchase Agreement or any other Related Agreement but have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly AmountMONTHLY AMOUNT"); . Any Principal Amount, together with any accrued and unpaid interest and any and all other unpaid amounts that are then owing by the Borrower or its subsidiaries under this Note, the Purchase Agreement and/or any other Related Agreement Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract
Minimum Monthly Principal Payments. Amortizing payments of the outstanding Principal Amount principal amount of this Note shall begin on June 1September __, 2006 2005 and shall recur on each succeeding Repayment Date thereafter through and including the Maturity Date until the Amortizing Principal Amount has been repaid in full On full, whether by the payment of cash or by the conversion of such principal into Common Stock pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on each Repayment Date, the Borrower Company shall make payments to the Holder Purchaser in the amount of $219,047.62 176,923.08 (the "Monthly Principal Amount"), together with any accrued and unpaid interest then due on such portion of the Amortizing Principal Amount plus any and all other amounts which are then due and owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount"); . Any outstanding Principal Amount, Amount together with any accrued and unpaid interest and any and all other unpaid amounts that which are then owing by the Borrower or its subsidiaries Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.
Appears in 1 contract