Payment to Trustee for Bridge Notes. If at the time of an event -------------------------------------- requiring the payment of an Applicable Termination Payment the Notes due to investors pursuant to PARENT's Private Placement Memorandum (the "Memorandum") dated December 1, 2003 (the "Bridge Notes") to Investors remain outstanding, the Applicable Termination Payment so payable shall be delivered to any escrowee appointed by (i) the Placement Agent or (ii) holders of a majority in principal amount, of the Notes.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Genesis Bioventures Inc), Agreement and Plan of Merger (Genesis Bioventures Inc), Agreement and Plan of Merger (Genesis Bioventures Inc)
Payment to Trustee for Bridge Notes. If at the time of an event -------------------------------------- requiring the payment of an Applicable Termination Payment the Notes due to investors pursuant to PARENT's Private Placement Memorandum (the "Memorandum") dated December 1, 2003 (the "Bridge Notes") to Investors remain outstanding, the Applicable Termination Payment so payable shall be delivered to any escrowee appointed by (i) the Placement Agent or (ii) holders of a majority in principal amount, of the Notes.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Genesis Bioventures Inc)
