Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 days prior to the signing of the definitive agreement for the Change of Control or Qualified Financing.
Appears in 9 contracts
Samples: Subordination Agreement (Serve Robotics Inc. /DE/), Convertible Promissory Note (Gatsby Digital, Inc.), Convertible Note Subscription Agreement
Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 5 days prior to the signing of the definitive agreement closing for the Change of Control or Qualified Financing. If a Change of Control, Qualified Financing or Qualifying IPO is consummated prior to the six-month anniversary of the issue date of this Note, the interest due on this Note as of such closing date shall be calculated to equal six months of interest accrual.
Appears in 1 contract
Samples: Senior Secured Bridge Promissory Note (Aclarion, Inc.)
Interest Accrual. If a Change of Control or Qualified Equity Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 days prior to the signing of the definitive agreement for the Change of Control or Qualified Equity Financing.
Appears in 1 contract
Samples: Convertible Promissory Note (Modular Medical, Inc.)
Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to not more than 10 days prior to the signing of the definitive agreement for the Change of Control or Qualified Financing.
Appears in 1 contract
Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 ten (10) days prior to the signing of the definitive agreement for the Change of Control or Qualified Financing.
Appears in 1 contract
Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 days business day prior to the signing of the definitive agreement for the Change of Control or Qualified Financing, or Non-Qualified Financing if applicable.
Appears in 1 contract
Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to not more than 10 days prior to the signing closing of the definitive agreement for the Change of Control or Qualified Financing.
Appears in 1 contract
Samples: Convertible Promissory Note (Good Earth Organics, Inc.)
