Common use of Principal Payments Clause in Contracts

Principal Payments. 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 until 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 $96,969.70 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 (Riviera Tool Co)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made in cash by the Company on September February 1, 2005 2008 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 285,714.28 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"“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 Term Note (Incentra Solutions, Inc.)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September October 1, 2005 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“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 $96,969.70 161,290.32 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"“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 (Accentia Biopharmaceuticals Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September 1, 2005 and commencing on the first business day of each succeeding consecutive calendar month thereafter until hereafter through and including the Maturity Date Date, and on the Maturity Date, whether by acceleration or otherwise (each, an "AMORTIZATION DATE"“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 Amortization Date, each such payment in the amount of $96,969.70 9,263.13 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 Note (collectively, the "MONTHLY AMOUNT"“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 Note shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Term Note (Vertical Health Solutions Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September August 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“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 Amortization Date, each such payment in the amount of $96,969.70 66,666.67 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"“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: Note Agreement (Iwt Tesoro Corp)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") Principal Amount shall be made made, jointly and severally, by the Company Companies on September October 1, 2005 2008 and on the first business day Business Day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company Companies shall make make, jointly and severally, monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 24,422.09 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 to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Companies to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Convertible Note Agreement (ProLink Holdings Corp.)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September March 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to prospective reductions in the event of conversions under 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 $96,969.70 60,606.06 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"“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 (Path 1 Network Technologies Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September December 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 70,000 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 Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Secured Term Note (Miscor Group, Ltd.)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September 1November1, 2005 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“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 $96,969.70 322,580.64 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"“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 (Accentia Biopharmaceuticals Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September January 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“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 $96,969.70 62,500 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"“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 (Apogee Technology Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September 1February 28, 2005 2007 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 270,833.33 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"“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: Securities Purchase Agreement (Modtech Holdings Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September March 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“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 Amortization Date, each such payment in the amount of $96,969.70 45,454,.54 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"“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 Non Convertible Term Note (Conversion Services International Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") Principal Amount shall be made made, jointly and severally, by the Company Companies on September October 1, 2005 2008 and on the first business day Business Day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company Companies shall make make, jointly and severally, monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 38,306.25 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 to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Companies to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Convertible Note Agreement (ProLink Holdings Corp.)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company commencing on September December 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments of principal to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 119,050 together with any accrued and unpaid interest on such portion of the Principal Amount plus any and all other unpaid amounts which are then due and owing under this Note, the Purchase Agreement and/or any other Related Agreement (collectively, the "MONTHLY AMOUNT"“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 Purchaser 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 (Numerex Corp /Pa/)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNTPrincipal Amount") shall be made by the Company on September 1July 7, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATEAmortization Date"). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 50,000 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 AMOUNTMonthly 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 (Auxilio Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") Principal Amount shall be made made, jointly and severally, by the Company Companies on September February 1, 2005 2008 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATEAmortization Date"). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company Companies shall make make, jointly and severally, monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 37,500 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 Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNTMonthly 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 Companies to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Secured Term Note (Tarpon Industries, Inc.)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") Principal Amount shall be made made, jointly and severally, by the Company Borrowers on September October 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATEAmortization Date"). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company shall Borrowers shall, jointly and severally, make monthly payments to the Holder on each Repayment Date, each such payment in the amount of $96,969.70 265,625 together with any accrued and unpaid interest Cash Interest Amount on such portion of the Principal Amount plus any and all other unpaid amounts which are then owing under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNTMonthly Amount"). Any outstanding Principal Amount together with any accrued and unpaid interest Cash Interest Amounts and PIK Interest Amounts and any and all other unpaid amounts which are then owing by the Company Borrowers to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Secured Term Note (Thomas Equipment, Inc.)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September March 1, 2005 2007 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 87,500 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 Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Secured Non Convertible Term Note (Micro Component Technology Inc)

Principal Payments. 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 August 1, 2005 2006 and on the first business day of each succeeding month thereafter until 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 Amortization Date, each such payment in the amount of $96,969.70 46,875 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 (Incentra Solutions, Inc.)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September July 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“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 $96,969.70 66,666.67 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 Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Secured Convertible Term Note (Time America Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September April 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“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 Amortization Date, each such payment in the amount of $96,969.70 66,666.67 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"“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 (Xfone Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") shall be made in cash by the Company on September August 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 54,688 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 Term Note (Incentra Solutions, Inc.)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September April 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 33,333 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 Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Secured Non Convertible Term Note (Small World Kids Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September November 1, 2005 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“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 $96,969.70 322,580.64 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"“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 (Accentia Biopharmaceuticals Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") Principal Amount shall be made by the Company on September October 1, 2005 2008 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing on On the first Amortization Date, the Company shall make monthly payments a payment to the Holder of the outstanding Principal Amount of $21,884.34, and on each Repayment DateAmortization Date thereafter, each such payment the Company shall make payments in the amount of $96,969.70 together with any 273,532. All payments of the Principal Amount shall be accompanied by 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"“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 Term Note (Applied Digital Solutions Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September January 1, 2005 2007 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 121,212.12 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 Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Secured Non Convertible Term Note (Ronco Corp)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September January 1, 2005 2009 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing Commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 44,000 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 Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Secured Non Convertible Revolving Note (Micro Component Technology Inc)

Principal Payments. 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 1June 30, 2005 2007 and on the first business day of each succeeding month thereafter until 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 Amortization Date, each such payment in the amount of $96,969.70 27,777.78 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: Convertible Term Note (Able Energy Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") Principal Amount shall be made made, jointly and severally, by the Company Companies on September October 1, 2005 2008 and on the first business day Business Day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company Companies shall make make, jointly and severally, monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 38,938.33 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 to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Companies to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Convertible Note Agreement (ProLink Holdings Corp.)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT") Principal Amount shall be made made, jointly and severally, by the Company Companies commencing on September October 1, 2005 2009 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company Companies shall make make, jointly and severally, monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 85,000 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 to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Companies to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement shall be due and payable on the Maturity Date.

Appears in 1 contract

Sources: Note (Rapid Link Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company on September April 1, 2005 2006 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“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 $96,969.70 50,000 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"“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 Term Note (Naturade Inc)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNT"“Principal Amount”) shall be made by the Company Companies, on September a joint and several basis, on November 1, 2005 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATE"“Amortization Date”). Subject to Article III below, commencing on the first Amortization Date, the Company shall Companies shall, jointly and severally, make monthly payments to the Holder on each Repayment Date, each such payment in according to the amount of $96,969.70 schedule below 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 Security Agreement and/or any other Related Ancillary Agreement (collectively, the "MONTHLY AMOUNT"“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 Companies to the Holder under this Note, the Purchase Security Agreement and/or any other Related Ancillary Agreement shall be due and payable payable, on a joint and several basis, on the Maturity Date.

Appears in 1 contract

Sources: Secured Convertible Term Note (360 Global Wine Co)

Principal Payments. Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the "PRINCIPAL AMOUNTPrincipal Amount") shall be made by the Company on September July 1, 2005 2007 and on the first business day of each succeeding month thereafter until through and including the Maturity Date (each, an "AMORTIZATION DATEAmortization Date"). Subject to Article III below, commencing on the first Amortization Date, the Company shall make monthly payments to the Holder on each Repayment Amortization Date, each such payment in the amount of $96,969.70 83,333.33 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 AMOUNTMonthly 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 (Ams Health Sciences Inc)