Common use of Repayment of This Note Clause in Contracts

Repayment of This Note. If the Company issues any debt, including any subordinated debt or convertible debt (other than this Note), or any preferred stock, unless otherwise agreed in writing by the Holder, the Company will immediately utilize the proceeds of such issuance to repay this Note; provided, however, that this Section 4.1(g) shall not apply to the transactions identified on Schedule 5.7 of the Securities Purchase Agreement.

Appears in 5 contracts

Samples: Security Agreement (Boxlight Corp), Boxlight Corp, Boxlight Corp

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Repayment of This Note. If the Company issues any debtdebt consented to by the Investor, including any subordinated debt or convertible debt (other than this Note), or any preferred stock, unless otherwise agreed in writing by the Holder, the Company will immediately utilize the proceeds of such issuance to repay this Note; provided, however, that this Section 4.1(g4.1(i) shall not apply to the transactions identified on Schedule 5.7 of the Securities Purchase Agreement, any other Material Acquisition or any Permitted Indebtedness or the Macro Debt.

Appears in 1 contract

Samples: Boxlight Corp

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