Note Amendment. Effective upon the date hereof, the following provision is hereby added to each Note: “Conversion into Common Shares. The Holder shall have the option to convert, as a whole or in part, up to the entire amount outstanding (including all principal and any accrued and unpaid interest, if applicable) under this Note into shares of common stock, par value $0.001 per share of Vertical Health Solutions, Inc. (the “Common Shares”) at any time or from time to time at a conversion price equal to $0.001124253 per share (the “Conversion Price”).”
Note Amendment. Effective upon the Effective Date (as defined below) and immediately prior to the conversion of the Notes contemplated hereby, Section 8(a) of each Note is hereby amended and restated in its entirety to read as follows:
Note Amendment. The holders of at least 50% of the principal amount of the Senior Convertible Notes and the holders of at least 50% of the principal amount of the 2000 Senior Notes shall have executed and delivered to the Company the Note Amendment and their respective Amended Notes; and
Note Amendment. From and after the date on which the Registration Statement is declared effective by the SEC until the Effective Time, the Company and Parent will exercise their respective reasonable best efforts to ensure that all of the holders of outstanding Notes have executed and delivered to the Company the Note Amendment Agreement, the Amended Notes and the Note Conversion Agreement.
Note Amendment. The Original Note shall be amended to read as set forth in the form of Amended and Restated Note (the Original Note, as so amended and restated, the “Xxxxxxx Center Note”) by Borrower’s execution of a note in such form.
Note Amendment. The Section of the Revolving Note entitled "REPAYMENT TERMS" is hereby amended in its entirety to read as follows: REPAYMENT TERMS. This Note shall be due and payable in consecutive monthly payments of accrued interest only on the first day of each month (each, a "Payment Date"), commencing September 1, 2004, until fully paid. All outstanding principal will be repaid in accordance with the Loan Agreement and, in any event, this Note shall be due and payable in full, including all principal and accrued interest, on October 31, 2005 (the "Revolving Loan Termination Date"). 42 Borrower has elected to authorize Lender to effect payment of sums due under this Note by means of debiting Borrower's account number 000107908684. This authorization shall not affect the obligation of Borrower to pay such sums when due, without notice, if there are insufficient funds in such account to make such payment in full on the due date thereof, or if Lender fails to debit the account.
Note Amendment. The Note is hereby amended to extend the maturity date from May 23, 2042 to December 31, 2052.
Note Amendment. Effective on the date hereof, the Secured Notes are amended to include the following new Section 16:
Note Amendment. Subject to the terms of this Amendment and Consent, the Holder, in its own capacity and its capacity as the Required Holders, agrees that the Note is amended to:
Note Amendment. Upon final documentation being executed to effect the financing described above under Sections 1.1 and 1.2, the Company and Purchaser agree (i) that the Company will use $500,000 advanced under the Revolving Line of Credit to pay off outstanding principal and interest on the Note, (ii) to extend the term of the Note by one year to mature on August 29, 2016, and (iii) reduce the interest rate on the Note to 6%. Accordingly, the Note will be amended to (i) change the Maturity Date (as defined and used in the Note) to August 29, 2016, (ii) change references in Section 1 of the Note to from “thirty five (35) monthly payments of interest only” to “forty seven (47) monthly payments of interest only” and (iii) change references in Section 1 of the Note from 12% to 6%. All other terms and conditions of the Note will remain unchanged and in full force and effect. Upon receipt from Purchaser of the original executed Note, the Company will promptly forward an executed amended and restated version of the Note, as amended, to Purchaser.
