Extinguishment of Notes. It is intended that, upon the consummation of the Exchange: (i) the Company will surrender the Notes to the Trustee under the Indenture for cancellation; and (ii) the Notes surrendered hereunder shall be cancelled and shall be null and void, and any and all rights arising thereunder shall be extinguished and the Company shall no longer be required to reserve shares of Common Stock for issuance upon the conversion of such Notes.
Appears in 3 contracts
Samples: Exchange Agreement (Cinedigm Corp.), Exchange Agreement (Cinedigm Corp.), Exchange Agreement (Cinedigm Corp.)
Extinguishment of Notes. It is intended that, upon the consummation of the Exchangeany exchange of Convertible Notes contemplated hereby:
(i) the Company will surrender the such Convertible Notes to the Trustee under the Indenture for cancellation; and
(ii) the such Convertible Notes surrendered hereunder shall be cancelled and shall be null and void, and any and all rights arising thereunder shall be extinguished and the Company shall no longer be required to reserve shares of Common Stock for issuance upon the conversion of such Convertible Notes.
Appears in 2 contracts
Samples: Exchange Agreement (Cinedigm Corp.), Exchange Agreement (Cinedigm Corp.)
Extinguishment of Notes. It is intended that, upon the consummation of the Exchange:
Exchange contemplated hereby: (i) the Company will surrender the Existing Notes to the Trustee under the Indenture for cancellation; and
and (ii) the Existing Notes surrendered hereunder shall be cancelled and shall be null and void, and any and all rights arising thereunder shall be extinguished and the Company shall no longer be required to reserve shares of Common Stock any Ordinary Shares for issuance upon the conversion of such Existing Notes.
Appears in 1 contract
Samples: Exchange Agreement (Arrival)
