Prepayment Option. The Company may prepay in cash all or any portion of the outstanding principal amount of this Note, without penalty, on the 30th day following written notice to the Holder (the “Redemption Date”). The Holder shall have the right to convert any outstanding principal or interest in accordance with Article II hereof up until the Redemption Date. If the Company elects to redeem the Notes and the Notes are not converted prior to the Redemption Date, the Company will be required to pay all remaining interest payable on the Notes had the Notes remained outstanding until the Maturity Date.
Appears in 3 contracts
Sources: Convertible Note (STW Resources Holding Corp.), Convertible Note Agreement (STW Resources Holding Corp.), Convertible Note Agreement (STW Resources Holding Corp.)
Prepayment Option. The Company may prepay in cash all or any portion of the outstanding principal amount of this Note, without penalty, on the 30th 10th day following written notice to the Holder (the “Redemption Date”). The Holder shall have the right to convert any outstanding principal Principal or interest Interest in accordance with Article II hereof up until the Redemption Date. If the Company elects to redeem the Notes and the Notes are not converted prior to the Redemption Date, the Company will be required to pay all remaining interest payable on the Notes had the Notes remained outstanding until the Maturity Date.
Appears in 3 contracts
Sources: Convertible Note (SKM Media Corp.), Convertible Note Agreement (Piper Acquisition II, Inc.), Convertible Note (Piper Acquisition II, Inc.)