Redemption Clause Example with 10 Variations from Business Contracts

Redemption. Beginning on the date that is six (6) months after the Purchase Price Date, Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem any amount of this Note up to the Maximum Monthly Redemption Amount $250,000.00 (such amount, the "Redemption Amount") per calendar month by providing written notice to Borrower (each, a "Redemption Notice"). For the avoidance of doubt, Lender may submit to Borrower one (1) or more Redemption Notices in any given calendar ...month so long as the aggregate amount being redeemed in such month does not exceed $250,000.00. The Redemption Amount must be at least $50,000.00 unless the Maximum Monthly Redemption Amount. Outstanding Balance of the Note is less than $50,000.00. Upon receipt of any Redemption Notice, Borrower shall pay the applicable Redemption Amount in cash to Lender within seven (7) three (3) Trading Days of Borrower's receipt of such Redemption Notice. Notwithstanding the foregoing, if Borrower does not pay the applicable Redemption Amount in cash to Lender within three (3) Trading Days of Borrower's receipt of a Redemption Notice, then an amount equal to twenty-five percent (25%) of such Redemption Amount will be added to the Outstanding Balance. Borrower shall have the right to defer up to three (3) separate redemptions for up to thirty (30) days each by providing written notice to Lender within three (3) Trading Days of its receipt of a Redemption Notice. In the event Borrower elects to exercise its deferral right, the Outstanding Balance shall automatically be increased by two percent (2%) of the Outstanding Balance as of the date Borrower exercises such deferral right. View More

Redemption. Beginning on the date that is six (6) months after the Purchase Price Date, Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem any amount of this Note up to the Maximum Monthly Redemption Amount $300,000.00 (such amount, the "Redemption Amount") per calendar month by providing written notice to Borrower (each, a "Redemption Notice"). For the avoidance of doubt, Lender may submit to Borrower one (1) or more Redemption Notices in any given calendar ...month so long as the aggregate amount being redeemed in such month does not exceed the Maximum Monthly Redemption Amount. $300,000.00. Upon receipt of any Redemption Notice, Borrower shall pay the applicable Redemption Amount in cash to Lender within seven (7) Trading Days three (3) business days of Borrower's receipt of such Redemption Notice. Notwithstanding the foregoing, if Borrower does not pay the applicable Redemption Amount in cash to Lender within three (3) Trading Days of Borrower's receipt of a Redemption Notice, then an amount equal to twenty-five percent (25%) of such Redemption Amount will be added to the Outstanding Balance. Borrower shall have the right to defer up to three (3) separate redemptions for up to thirty (30) days each by providing written notice to Lender within three (3) Trading Days of its receipt of a Redemption Notice. In the event Borrower elects to exercise its deferral right, the Outstanding Balance shall automatically be increased by two percent (2%) of the Outstanding Balance as of the date Borrower exercises such deferral right. View More

Redemption. Beginning on the date that is six (6) months after from the Purchase Price Date, Date ("Redemption Start Date"), Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem any amount of this Note up to the Maximum Monthly Redemption Amount (such amount, the "Redemption Amount", and each payment of a Redemption Amount, a "Redemption Amount") per calendar month by providing written notice to Borrower (each, a "Redemption Notice"). For the avoidance of doubt..., Lender may submit to Borrower one (1) or more Redemption Notices in any given calendar month so long as the aggregate amount being redeemed in such month does not exceed the Maximum Monthly Redemption Amount. month. Upon receipt of any Redemption Notice, Borrower shall pay the applicable Redemption Amount in cash to Lender within seven (7) three (3) Trading Days of Borrower's receipt of such Redemption Notice. Notwithstanding the foregoing, if Borrower does not pay the applicable foregoing no prepayment premium shall be payable in respect of any Redemption Amount in cash to Lender within three (3) Trading Days of Borrower's receipt of a Redemption Notice, then an amount equal to twenty-five percent (25%) of such Redemption Amount will be added to the Outstanding Balance. Borrower shall have the right to defer up to three (3) separate redemptions for up to thirty (30) days each by providing written notice to Lender within three (3) Trading Days of its receipt of a Redemption Notice. In the event Borrower elects to exercise its deferral right, the Outstanding Balance shall automatically be increased by two percent (2%) of the Outstanding Balance as of the date Borrower exercises such deferral right. Amount. View More

Redemption. Beginning on the date that is six (6) months after following the Purchase Price Date, Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem any amount of this Note up to the Maximum Monthly Redemption Amount (such amount, the "Redemption Amount") per calendar month by providing written notice to Borrower (each, a "Redemption Notice"). For the avoidance of doubt, Lender may submit to Borrower one (1) or more Redemption Notices in any given calendar mo...nth so long as the aggregate amount being redeemed in such month does not exceed the Maximum Monthly Redemption Amount. Upon receipt of any Redemption Notice, Borrower shall pay the applicable Redemption Amount in cash to Lender within seven (7) three (3) Trading Days of Borrower's receipt of such Redemption Notice. Notwithstanding the foregoing, if Borrower does not pay the applicable Redemption Amount in cash to Lender within three (3) Trading Days of Borrower's receipt of a Redemption Notice, then an amount equal to twenty-five percent (25%) of such Redemption Amount will be added to the Outstanding Balance. Borrower shall have the right to defer up all redemption payments that Lender could otherwise elect to make during any calendar month on three (3) separate redemptions for up to thirty (30) days each occasions by providing written notice to Lender within at least three (3) Trading Days prior to the first day of its receipt of a Redemption Notice. each such calendar month for which it wishes to defer redemptions for that month. In the event Borrower elects to exercise its deferral right, the Outstanding Balance shall automatically be increased by two percent (2%) by: (a) 0.5% for the first exercise of Borrower's deferral right; (b) 1% for the Outstanding Balance as second exercise of Borrower's deferral right; and (c) 1.5% for the date Borrower exercises such third exercise of Borrower's deferral right. For the avoidance of doubt, any redemption payment made pursuant to this Section 3 shall be considered a prepayment and subject to the prepayment premium set forth in Section 1.2(b) above. View More

Redemption. Beginning on the date that is six (6) months after the Purchase Price Date, Date (the "Redemption Start Date"), Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem any amount of this Note up to the Maximum Monthly Redemption Amount (such amount, the "Redemption Amount") per calendar month by providing written notice to Borrower (each, a "Redemption Notice"). For the avoidance of doubt, Lender may submit to Borrower one (1) or more Redemption Notice...s in any given calendar month so long as the aggregate amount being redeemed in such month does not exceed the Maximum Monthly Redemption Amount. Upon receipt of any Redemption Notice, Borrower shall pay the applicable Redemption Amount in cash to Lender within seven (7) three (3) Trading Days of Borrower's receipt of such Redemption Notice. Notwithstanding At the foregoing, end of each month following the Redemption Start Date, if Borrower does has not pay the applicable Redemption Amount in cash to Lender within three (3) Trading Days of Borrower's receipt of a Redemption Notice, then an amount equal to twenty-five percent (25%) of such Redemption Amount will be added to the Outstanding Balance. Borrower shall have the right to defer up to three (3) separate redemptions for up to thirty (30) days each by providing written notice to Lender within three (3) Trading Days of its receipt of a Redemption Notice. In the event Borrower elects to exercise its deferral right, reduced the Outstanding Balance shall automatically be increased by two percent (2%) at least the Maximum Monthly Redemption Amount, then by the fifth (5th) day of the following month, Borrower must pay in cash the difference between the Maximum Monthly Redemption Amount and the amount actually redeemed in such month or the Outstanding Balance as of the date Borrower exercises such deferral right. will automatically increase by one percent (1%). View More

Redemption. Beginning on the date that is six (6) months after the Purchase Price Date, Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem any amount of this Note up to the Maximum Monthly Redemption Amount $500,000.00 (such amount, the "Redemption Amount") per calendar month by providing written notice to Borrower (each, a "Redemption Notice"). For the avoidance of doubt, Lender may submit to Borrower one (1) or more Redemption Notices in any given calendar ...month so long as the aggregate amount being redeemed in such month does not exceed the Maximum Monthly Redemption Amount. $500,000.00. Upon receipt of any Redemption Notice, Borrower shall pay the applicable Redemption Amount in cash to Lender within seven (7) three (3) Trading Days of Borrower's receipt of such Redemption Notice. Notwithstanding the foregoing, if The first time Borrower does not fails to pay the applicable Redemption Amount in cash to Lender within three (3) Trading Days of Borrower's receipt of a Redemption Notice, then an amount equal to twenty-five percent (25%) of such Redemption Amount will be added to the Outstanding Balance. Borrower shall have the right to defer up to three (3) separate redemptions for up to thirty (30) days each by providing written notice to Lender within three (3) Trading Days of its receipt of a Redemption Notice. In the event Borrower elects to exercise its deferral right, the Outstanding Balance shall will automatically be increased by two twenty-five percent (2%) (25%). For the avoidance of doubt, the Outstanding Balance as first such failure to timely pay a Redemption Amount will not be considered an Event of the date Borrower exercises such deferral right. Default hereunder, but each subsequent failure to pay a Redemption Amount thereafter will be considered an Event of Default hereunder. View More

Redemption. Beginning on the first day of the calendar month following the date that is six (6) seven (7) months after the Purchase Price Date, Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem any amount of this Note up to the Maximum Monthly Redemption Amount $225,000.00 (such amount, the "Redemption Amount") per calendar month by providing written notice to Borrower (each, a "Redemption Notice"). For the avoidance of doubt, Lender may submit to Borrower o...ne (1) or more Redemption Notices in any given calendar month so long as the aggregate amount being redeemed in such month does not exceed the Maximum Monthly Redemption Amount. $225,000.00. Upon receipt of any Redemption Notice, Borrower shall shall, unless Borrower timely elects to defer payment as provided herein, pay the applicable Redemption Amount in cash to Lender within seven (7) Trading Days of Borrower's receipt of such Redemption Notice. Notwithstanding the foregoing, if Borrower does not pay the applicable Redemption Amount in cash to Lender within three (3) Trading Days of Borrower's receipt of a Redemption Notice, then then, unless Borrower timely elected to defer payment as provided herein, an amount equal to twenty-five percent (25%) of such Redemption Amount will be added to the Outstanding Balance. Borrower shall have the right to defer up all redemption payments that Lender could otherwise elect to three (3) separate redemptions make during any calendar month for up to thirty (30) days each after the end of such calendar month on five (5) separate occasions, but not during more than three (3) consecutive months, by providing written notice to Lender within at least three (3) Trading Days prior to the first day of its receipt of a Redemption Notice. each such calendar month for which it wishes to defer redemptions for that month. In the event Borrower elects to exercise its deferral right, the Outstanding Balance shall automatically be increased by two one and a half percent (2%) (1.5%) for each such exercise of the Outstanding Balance as of the date Borrower exercises such Borrower's deferral right. For the avoidance of doubt, any redemption payment made pursuant to this Section 3 shall not be subject to the prepayment premium set forth in Section 1.2 above. View More

Redemption. Beginning on the date that is six (6) months after the Purchase Price Date, Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem any amount of this Note up to the Maximum Monthly Redemption Amount (such amount, the "Redemption Amount") per calendar month by providing written notice to Borrower (each, a "Redemption Notice"). For the 1 avoidance of doubt, Lender may submit to Borrower one (1) or more Redemption Notices in any given calendar month so l...ong as the aggregate amount being redeemed in such month does not exceed the Maximum Monthly Redemption Amount. Upon receipt of any Redemption Notice, Borrower shall pay the applicable Redemption Amount in cash to Lender within seven (7) five (5) Trading Days of Borrower's receipt of such Redemption Notice. Notwithstanding the foregoing, if Borrower does not pay the applicable Redemption Amount in cash to Lender within three (3) Trading Days of Borrower's receipt of a Redemption Notice, then an amount equal to twenty-five percent (25%) of such Redemption Amount will be added to the Outstanding Balance. Borrower shall have the right to defer up to three (3) separate redemptions for up to thirty (30) days each by providing written notice to Lender within three (3) Trading Days of its receipt of a Redemption Notice. In the event Borrower elects to exercise its deferral right, the Outstanding Balance shall automatically be increased by two percent (2%) of the Outstanding Balance as of the date Borrower exercises such deferral right. View More

Redemption. Beginning on the first day of the calendar month following the date that is six (6) months after the Purchase Price Date, Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem any amount of this Note up to the Maximum Monthly Redemption Amount $205,000.00 (such amount, the "Redemption Amount") per calendar month by providing written notice to Borrower (each, a "Redemption Notice"). For the avoidance of doubt, Lender may submit to Borrower one (1) or ...more Redemption Notices in any given calendar month so long as the aggregate amount being redeemed in such month does not exceed the Maximum Monthly Redemption Amount. $205,000.00. Upon receipt of any Redemption Notice, Borrower shall shall, unless Borrower timely elects to defer payment as provided herein, pay the applicable Redemption Amount in cash to Lender within seven (7) Trading Days of Borrower's receipt of such Redemption Notice. Notwithstanding the foregoing, if Borrower does not pay the applicable Redemption Amount in cash to Lender within three (3) Trading Days of Borrower's receipt of a Redemption Notice, then then, unless Borrower timely elected to defer payment as provided herein, an amount equal to twenty-five percent (25%) of such Redemption Amount will be added to the Outstanding Balance. Borrower shall have the right to defer up all redemption payments that Lender could otherwise elect to three (3) separate redemptions make during any calendar month for up to thirty (30) days each after the end of such calendar month on three (3) separate occasions by providing written notice to Lender within at least three (3) Trading Days prior to the first day of its receipt of a Redemption Notice. each such calendar month for which it wishes to defer redemptions for that month. In the event Borrower elects to exercise its deferral right, the Outstanding Balance shall automatically be increased by two one and a half percent (2%) (1.5%) for each such exercise of the Outstanding Balance as of the date Borrower exercises such Borrower's deferral right. For the 2 avoidance of doubt, any redemption payment made pursuant to this Section 3 shall not be subject to the prepayment premium set forth in Section 1.2 above. View More

Redemption. Beginning on the date that is six (6) months after the Purchase Price Date, Lender shall have the right, exercisable at any time in its sole and absolute discretion, to redeem any amount of this Note up to the Maximum Monthly Redemption Amount $300,000.00 (such amount, the "Redemption Amount") per calendar month by providing written notice to Borrower (each, a "Redemption Notice"). For the avoidance of doubt, Lender may submit to Borrower one (1) or more Redemption Notices in any given calendar ...month so long as the aggregate amount being redeemed in such month does not exceed the Maximum Monthly Redemption Amount. $300,000.00. Upon receipt of any Redemption Notice, Borrower shall pay the applicable Redemption Amount in cash to Lender within seven (7) Trading Days of Borrower's receipt of such Redemption Notice. Notwithstanding the foregoing, if Borrower does not pay the applicable Redemption Amount in cash to Lender within three (3) Trading Days of Borrower's receipt of a Redemption Notice, then an amount equal to twenty-five percent (25%) of such Redemption Amount will be added to the Outstanding Balance. Borrower shall have the right to defer up to three (3) separate redemptions for up to thirty (30) days each by providing written notice to Lender within three (3) Trading Days of its receipt of a Redemption Notice. In the event Borrower elects to exercise its deferral right, the Outstanding Balance shall automatically be increased by two by: (a) the greater of $35,000.00 and one percent (2%) (1%) of the Outstanding Balance as of the date Borrower exercises such deferral right. right for the first deferral, (b) the greater of $35,000.00 and one and a quarter percent (1.25%) of the Outstanding Balance as of the date Borrower exercises such deferral right for the second deferral, and (c) the greater of $35,000.00 and one and a half percent (1.5%) of the Outstanding Balance as of the date Borrower exercises such deferral right for the third deferral. View More