No Liquidity Event. If the Liquidity Event is not consummated by the Maturity Date or Extension Period, the interest rate on the then outstanding principal amount shall increase to 15% per annum, payable in cash each month, until the Liquidity Event is consummated.
Appears in 5 contracts
Samples: Convertible Senior Secured Promissory Note (Adven Inc.), Securities Purchase Agreement (Adven Inc.), Convertible Senior Secured Promissory Note (Adven Inc.)
