Payments of Principal Clause Example from Business Contracts

Payments of Principal. On the Maturity Date, the Company shall pay to the Holder an amount in cash representing all outstanding Principal, accrued and unpaid Interest and accrued and unpaid Late Charges (as defined in Section 22(c)) on such Principal and Interest (as adjusted with respect to any Note Reduction (as defined in Section 11)). Other than as specifically permitted by this Note, the Company may not prepay any portion of the outstanding Principal, accrued and unpaid Interest or accrued and unpaid Late Charges... on Principal and Interest, if any.Notwithstanding anything in this Note, the Securities Purchase Agreement or otherwise to the contrary, all or part of the then remaining principal amount of the Notes may be prepaid at any time at a price equal to 125% of the sum of the remaining principal amount of the Notes to be prepaid plus all accrued and unpaid Interest and accrued and unpaid Lte Charges on Principal and Interest, if any. View More