Payments Clause Example from Business Contracts

This example Payments clause appears in 2 contracts from 2 companies

Payments. The Borrower may not prepay this Note prior to the Maturity Date or the Extended Maturity Date, if extended by the Lender. Within six (6) days prior to the Maturity Date or Extended Maturity Date, the Borrower shall provide the Lender with a written notice to pay the Note Amount on the Maturity Date or Extended 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 sh...ares 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 or Extended Maturity Date. View More
Found in Hypersolar, Inc. contract
Hypersolar, Inc. Contracts

Promissory Note dated June 27, 2018 (Filed With SEC on June 29, 2018)

XSUNX INC Contracts

Form of Convertible 10% Promissory Note issued on May 12, 2017, used in connection with the sale of a convertible promissory note in an amount up to $150,000 (Filed With SEC on May 15, 2017)