Bank Restructuring. Bank of America (the "Bank") shall have entered into an agreement with ComVest pursuant to which ComVest shall have the right to acquire (a) all of the existing debt owed by the Company to the Bank and (b) all of the shares of Series B preferred stock of the Company beneficially owned by the Bank (the "Bank Restructuring").
Appears in 4 contracts
Samples: Bridge Subscription Agreement (Comdial Corp), Bridge Subscription Agreement (Priddy Robert L), Subscription Agreement (Comdial Corp)
