Examples of Blocker 1 in a sentence
The 2021 Debenture accrued interest at a rate of 5.00% and we had $47,000 of interest due to SOL Verano Blocker 1 LLC on December 31, 2021.The closing of the Plan of Arrangement resulted in the automatic conversion of the 2021 Debenture into an aggregate of 4,025,035 Jones Shares and 4,025,035 Jones Special Warrants at a conversion price of $0.50 per Jones Share and Jones Special Warrant.
Louisiana Lamar-Fairway Blocker 1, LLC Delaware Lamar-Fairway Blocker 2, LLC Delaware Lamar Florida, L.L.C. Florida Lamar Investments, LLC Delaware Xxxxx Xxxx Company, LLC Delaware Lamar OCI North, L.L.C. Delaware Lamar OCI South Corporation Mississippi Lamar Ohio Outdoor Holding Corp.
Summit Blocker 1 and Summit Blocker 2 each were party to a limited partnership agreement, of which each was the sole limited partner, for a partnership formed for the purpose of holding its indirect investment in Aurora LLC.
As of March 31, 2022, $10,000 of principal payments are due in April of 2022.2021 Unsecured Convertible DebentureOn July 14, 2021, we issued a $2,000,000 5.00% unsecured convertible debenture due July 14, 2023 (the “2021 Debenture”) to SOL Verano Blocker 1 LLC that was convertible into units of the Company (each a “Jones Unit”) at a conversion price of $0.50 per Jones Unit, with each Jones Unit consisting of one Jones Share and one share purchase special warrant of Jones (each a “Jones Special Warrant”).
On July 14, 2021, we issued a $2,000,000 unsecured convertible debenture to SOL Verano Blocker 1 LLC (the “Convertible Debenture”) that is convertible into units of the company (each a “Jones Unit”) at a conversion price of $0.50 per Jones Unit (the “Conversion Price”), with each Jones Unit consisting of one share of our common stock (each a “Jones Share”) and one share purchase special warrant of Jones (each a “Jones Special Warrant”).
The assets of each such partnership were distributed out to the partnership’s respective limited partner and general partner immediately prior to Summit Blocker 1 and Summit Blocker 2 entering into this Agreement.
The officers of BNL Sub 1 immediately prior to the Blocker Corp 1 Merger Effective Time shall, from and after the Blocker Corp 1 Merger Effective Time, be the officers of the Surviving Blocker 1 Entity, to hold such positions in accordance with the DGCL and the bylaws of the Surviving Blocker 1 Entity.
On July 14, 2021, we received proceeds of $2 million in connection with the issuance of an unsecured convertible debenture to SOL Verano Blocker 1 LLC (the “Convertible Debenture”).We believe that the recent financing helps alleviate the conditions which initially indicated substantial doubt about our ability to continue as a going concern.
Following the First Blocker 1 Merger Effective Time, the separate corporate existence of Merger Sub 1 shall cease, and New Blocker 1 shall continue as the surviving company of the First Blocker 1 Merger (sometimes referred to herein as the “First Blocker 1 Merger Surviving Company”).
Signed: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Secretary CIFC 2015-I Blocker 1 LLC Signed: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: Secretary CIFC Funding 2015-I, Ltd.