Common use of Additional Noteholders Clause in Contracts

Additional Noteholders. It is understood that pursuant to Section 5.18 of the Merger Agreement, the Company shall not issue a Senior Secured Convertible Note due 2025 after the date hereof to any person unless (i) such person shall become a Noteholder hereunder by executing a joinder agreement substantially in the form of Exhibit A hereto (a “Joinder”) and delivering same to each of Merger Sub and Parent and (ii) Holders of a majority in interest of the Notes outstanding on the date hereof consent to such issuance and the joinder of such party.

Appears in 4 contracts

Samples: Noteholder Conversion Agreement (Gall Ulrich), Noteholder Conversion Agreement (SherpaVentures Fund II, LP), Noteholder Conversion Agreement (JMCM Holdings LLC)

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