CHANGES TO THE NOTES Sample Clauses
The "CHANGES TO THE NOTES" clause defines the process and conditions under which modifications can be made to the terms of the notes issued under an agreement. Typically, this clause outlines who has the authority to propose or approve changes, such as the issuer or a majority of noteholders, and may specify the types of amendments that require consent or can be made unilaterally. Its core practical function is to provide a clear and structured mechanism for updating the terms of the notes, ensuring that all parties understand how changes can be implemented and reducing the risk of disputes over unauthorized modifications.
CHANGES TO THE NOTES a. Section 3(b)(ii) of the Notes is hereby amended and restated in its entirety, as follows:
CHANGES TO THE NOTES. Section 18(c) of the 2016 Notes is hereby amended by adding the following new clause (iii):
CHANGES TO THE NOTES a. Section 31(n) is hereby amended by replacing it in its entirety with the following: “Controlled Account Release Event” means, as applicable, (i) with respect to any Restricted Principal designated to be converted in a Conversion Notice, the Company’s receipt of both (A) such Conversion Notice hereunder executed by the Holder in which all, or any part, of the Principal to be converted includes any Restricted Principal and (B) written confirmation by the Holder that the shares of Common Stock issued pursuant to such Conversion Notice have been properly delivered in accordance with Section 3(c) (in each case, as adjusted, if applicable, to reflect the withdrawal of any Conversion Notice, in whole or in part, by the Holder, whether pursuant to Section 3(c)(ii) or otherwise), (ii) the Company’s receipt of a notice by the Holder electing to effect a release of any Restricted Principal to the Company, (iii) on the date of execution of the certain Amendment Agreements, dated January 28, 2016, by and among the Company and certain holders of the Notes, which act as an amendment to the Notes, $1,800,000, and (iv) on May 2, 2016, and the first Trading Day of each of the subsequent seven calendar months thereafter, the lesser of (x) the amount of Restricted Principal then outstanding hereunder and (y) the Holder Pro Rata Amount of $668,750; provided, in the case of clause (iv) above, as of such date of determination, no Equity Conditions Failure then exists. The Buyer hereby waives all Equity Condition Failures existing on or before the date of this Agreement.
CHANGES TO THE NOTES a. Section 8 of the Notes is hereby amended by replacing it in its entirety with "Intentionally Omitted" and any reference to any defined terms appearing elsewhere in the Notes that relate solely to Section 8 and that are not otherwise used in the Notes, is hereby deleted. The Pre-Installment Conversion Shares delivered by the Company to any holder of Notes with respect to the Installment Date that was, prior to the Effective Time, scheduled to occur on January 30, 2017, shall immediately reduce the principal amount of the Notes outstanding by $0.044 for each Pre-Installment Conversion Share so delivered.
b. Section 3(b)(ii) of the Notes is hereby amended by replacing it in its entirety with the following: