Payments Clause Example from Business Contracts

This example Payments clause appears in 4 contracts from 3 companies

Payments. The Borrower may not prepay this Note prior to the Maturity Date. Within six (6) days prior to the Maturity Date, Borrower shall provide Lender with a written notice to pay the Note Amount on the Maturity Date. Within three (3) days of receiving written notice, the Lender shall elect to either (a) accept payment of the Note Amount or (b) convert any part of the Note Amount into shares of Common Stock. If the Lender elects to convert part of the Note Amount into shares of Common Stock, then the... Borrower shall pay the remaining balance of the Note Amount by the Maturity Date. View More Arrow
Found in Hypersolar, Inc. contract
Hypersolar, Inc. Contracts

Convertible Promissory Note between HyperSolar, Inc. and Bountiful Capital, LLC dated May 23, 2014 (Filed With SEC on May 15, 2018)

XSUNX INC Contracts

Convertible Promissory Note between XsunX, Inc. and Bountiful (November 20, 2014) (Filed With SEC on November 26, 2014)

Freeze Tag, Inc. Contracts

Convertible Promissory Note between Freeze Tag, Inc. and Holland Family Trust dated September 30, 2014 (Filed With SEC on November 14, 2014)

Convertible Promissory Note between Freeze Tag, Inc. and Craig Holland (September 30, 2014) (Filed With SEC on November 14, 2014)