Examples of Rollover Date in a sentence
Except as otherwise provided herein, the outstanding principal amount of the Loan (including the Origination Amount) made hereunder will bear interest at the Applicable Rate from the Rollover Date until the Loan is paid in full, whether at maturity, upon acceleration, by prepayment, or otherwise.
Upon the issuance of the Rollover Shares, the Borrower will be deemed to repeat the Borrower’s representations and warranties in Section 6 as of the Rollover Date.
Interest will accrue on the Loan on the Rollover Date and will not accrue on the Loan for the day on which it is paid.
Except as otherwise provided in this Section 5, in exchange for the Noteholder’s issuance of the Loan to the Borrower and other good and valuable consideration, the sufficiency of which the Parties agree upon, the Borrower hereby agrees to issue to the Noteholder on the Rollover Date 225,000 shares of the Borrower’s common capital stock (such shares, the “Rollover Shares”).
For the avoidance of doubt, except as otherwise provided in Section 3.3 if the Loan is paid in full before the Rollover Date, no interest will accrue under this Note on any portion of the Loan.