Payment and Redemption Sample Clauses

Payment and Redemption. Upon three (3) days written notice to the Holder (each, a “Repayment Period”), the Company may repay the total outstanding amount under this Note as provided herein. If the Company exercises its right to repay the Note, the Company shall make payment to the Holder of an amount in cash equal to the sum of the then outstanding principal amount and interest of this Note multiplied by 120% (the “Repayment Amount”). Holder cannot convert the Note during each Repayment Period unless an Event of Default has occurred hereunder and at least six months and 3 days have elapsed since the Original Issue Date. Upon the occurrence of an Event of Default, which is not cured within the three (3) calendar days as provided in Section 6, the Holder shall have the right to require the Company to make payment to the Holder of an amount in cash equal to the Mandatory Default Amount.
View SourceView Similar (3)
Payment and Redemption. Upon ten (10) days written notice to the Holder (each, a “Repayment Period”), the Company may repay the total outstanding amount under this Note as provided herein. If the Company exercises its right to repay the Note, the Company shall make payment to the Holder of an amount in cash equal to the sum of the then outstanding principal amount and interest of this Note multiplied by 130% within the first 90 days of Issuance or 150% beyond 90 of Issuance (the “Repayment Amount”). Holder can convert the Note during each Repayment Period. Upon the occurrence of an Event of Default, the Holder shall have the right to require the Company to make payment to the Holder of an amount in cash equal to the Mandatory Default Amount.
View SourceView Similar (2)
Payment and Redemption. OF LOCAL BOND
View SourceView Similar (2)
Payment and Redemption 
View SourceView Similar (3)

Related to Payment and Redemption

  • Repurchase and Redemption Section 4.01.

  • Final Redemption Unless previously redeemed, or purchased and cancelled, the Bonds will be redeemed at their principal amount on the Interest Payment Date falling on, or nearest to, June 26, 2017. The Bonds may not be redeemed at the option of the Issuer other than in accordance with this Condition.

  • Sales and Redemptions A provisional credit of an amount equal to the net sale price for a sale or redemption of securities or other financial assets shall be made to the account of the Portfolio as if the amount had been received as of the close of business on the date on which good funds would ordinarily be immediately available in the applicable market. The provisional credit will be made conditional upon the Custodian having received Proper Instructions with respect to, or reasonable notice of, the transaction, as applicable; and the Custodian or its agent having possession of the securities of other financial assets (excluding financial assets subject to any third party lending arrangement entered into by a Portfolio) associated with the transaction in good deliverable form and not being aware of any facts which would lead the Custodian or its agent to believe that the transaction will not settle in the time period ordinarily applicable to such transactions in the applicable market.

  • In-kind redemptions The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may, in its sole discretion, honor any redemption request partially or wholly in-kind in a manner consistent with Federated Hermes Funds’ Redemption-In-Kind Procedures.

  • Tax Redemption If a Tax Event (defined below) occurs, Principal Life will have the right to redeem this Agreement by giving not less than 30 and no more than 60 days prior written notice to the Agreement Holder and by paying to the Agreement Holder an amount equal to the Fund. The term “