Interim Notes. Pending the delivery of Definitive Notes of any series to the Trustee, the Issuer may issue and the Trustee authenticate in lieu thereof (but subject to the same provisions, conditions and limitations as set forth in this Indenture) interim printed, mimeographed or typewriter Notes in such forms and in such denominations and signed in such manner as provided herein, entitling the holders thereof to Definitive Notes of such series when the same are ready for delivery; or the Issuer may execute and deliver to the Trustee and the Trustee authenticate a temporary Note for the whole principal amount of Notes of such series then authorized to be issued hereunder and thereupon the Trustee may issue its own interim certificates in such form and in such amounts, not exceeding in the aggregate the principal amount of the temporary Note so delivered to it, as the Issuer and the Trustee may approve entitling the holders thereof to Definitive Notes when the same are ready for delivery; and, when so issued and certified, such interim or temporary Notes or interim certificates shall, for all purposes but without duplication, rank in respect of this Indenture equally with Notes of such series duly issued hereunder and, pending the exchange thereof for Definitive Notes of such series, the holders of the interim or temporary Notes or interim certificates shall be deemed without duplication to be Holders of such series and entitled to the benefit of this Indenture to the same extent and in the same manner as though the said exchange had actually been made. Forthwith after the Issuer shall have delivered the Definitive Notes of such series to the Trustee, the Trustee shall call in for exchange all temporary or interim Notes of such series or certificates that shall have been issued and forthwith after such exchange shall cancel the same. No charge shall be made by the Issuer or the Trustee to the holders of such interim or temporary Notes or interim certificates for the exchange thereof.
Interim Notes. The term “Interim Notes” means those certain promissory notes of SearchMedia International Limited, dated as of March 18, 2009 or March 19, 2009, in favor of certain of the Shareholders to be converted into securities of the Company in connection with the Business Combination.
Interim Notes. Upon the Closing, the principal amount outstanding under each Interim Note as of the Closing and US$10,000,000 of the principal amount outstanding under the Linden Note as of the Closing shall be converted into (a) a number of ID Cayman Shares calculated by dividing such outstanding principal amount by US$7.8815, rounded up to the nearest whole share (the “Note Shares”), plus (b) a number of New Warrants equal to the number of such Note Shares issued, with each such New Warrant representing the right to purchase 0.25 of an ID Cayman Share at an exercise price per whole share of $7.8815. The aggregate number of shares underlying such New Warrants shall be rounded up to the nearest whole share. At the Closing, (x) US$5,000,000 of the principal amount outstanding under the Linden Note plus all accrued and unpaid interest on the Linden Note, plus US$20,000 as reimbursement for Linden Ventures’ legal expenses, shall be paid in cash to Linden Ventures and (y) all accrued and unpaid interest under the Interim Notes shall be paid in cash to the holders thereof.”
Interim Notes. The Companies fail to make payment of any portion of the principal or interest on any of the Interim Notes when the same shall be due.
Interim Notes. 2.16.1. Pending delivery to the Trustee of definitive Notes, the Issuer may execute in lieu thereof (but subject to the same provisions, conditions and limitations as herein set forth), and the Trustee may certify, interim printed, mimeographed or typewritten Notes of a Series (“Interim Notes”), in such form and in such denominations as may be approved by the Trustee and by any one of the Authorized Officers (whose certification or signature, either manual or in facsimile, as the case may be, on any such Interim Notes shall be conclusive evidence of such approval) entitling the Holders thereof to definitive Notes of the same Series in any authorized denominations when the same are ready for delivery, without expense to such Holders, but the total amount of Interim Notes so issued shall not exceed the aggregate principal amount of Notes of such Series authorized to be issued hereunder. Forthwith after the issuance of any such Interim Notes, the Issuer shall cause to be prepared the appropriate definitive Notes of such Series for delivery to the Holders of such Interim Notes.
Interim Notes. The Interim Loans made by each Lender shall be evidenced by a duly executed promissory note of the Borrower to each Lender that requests an Interim Note in substantially the form of Exhibit 2.1(c).
Interim Notes. 25 2.10 Mutilation, Loss, Theft or Destruction ..................................................................25 2.11
Interim Notes. The Company shall execute and deliver to each Lender on the Closing Date a Interim Note dated the Closing Date substantially in the form of Exhibit IV to evidence such Lender's pro rata share of the Interim Loan Commitment and with appropriate insertions (the "INTERIM NOTES").
Interim Notes. Associates shall pay the full Obligation evidenced by any Interim Note on its stated maturity date. (f)
Interim Notes. Upon the Closing, the principal amount outstanding under each Interim Note as of the Closing and US$10,000,000 of the principal amount outstanding under the Linden Note as of the Closing shall be converted into either (i) in the event that ID Cayman Preferred Shares will be issued pursuant to Section 12.12, a number of ID Cayman Preferred Shares calculated by dividing such outstanding principal amount by US$7.8815, rounding up to the nearest whole share, and a number of New Warrants, each such New Warrant to purchase 0.25 of an ordinary share of ID Cayman at an exercise price per such ordinary share of $7.8815, equal to such number of ID Cayman Preferred Shares or (ii) in any other event, a number of ID Cayman Shares calculated by dividing such outstanding principal amount by US$7.8815, rounding up to the A-7 Table of Contents nearest whole share. At the Closing, (x) US$5,000,000 of the principal amount outstanding under the Linden Note plus all accrued and unpaid interest on the Linden Note, plus US$20,000 as reimbursement for Linden Ventures’ legal expenses, shall be paid in cash to Linden Ventures and (y) all accrued and unpaid interest under the Interim Notes shall be paid in cash to the holders thereof.
