Common use of Restricted Note Legend Clause in Contracts

Restricted Note Legend. Subject to Section 2.12, (i) each Note that is a Transfer-Restricted Security will bear the Restricted Note Legend; and (ii) if a Note is issued in exchange for, in substitution of, or to effect a partial conversion of, another Note (such other Note being referred to as the “old Note” for purposes of this Section 2.09(C)(ii)), including pursuant to Section 2.10(B), 2.10(C), 2.11 or 2.13, then such Note will bear the Restricted Note Legend if such old Note bore the Restricted Note Legend at the time of such exchange or substitution, or on the related Conversion Date with respect to such conversion, as applicable; provided, however, that such Note need not bear the Restricted Note Legend if such Note does not constitute a Transfer-Restricted Security immediately after such exchange or substitution, or as of such Conversion Date, as applicable. For the avoidance of doubt, the Exchange Notes (other than any Affiliate Notes) shall not bear the Restricted Note Legend and the New Money Notes shall bear the Restricted Note Legend until such New Money Notes cease to be Transfer-Restricted Securities.

Appears in 2 contracts

Sources: Indenture (Biora Therapeutics, Inc.), Indenture (Biora Therapeutics, Inc.)

Restricted Note Legend. Subject to Section ‎Section 2.12, (i) each Note that is a Transfer-Restricted Security will bear the Restricted Note LegendLegend (and for the avoidance of doubt, an Affiliate Note shall bear a legend regarding restrictions applicable to such Note); and (ii) if a Note is issued in exchange for, in substitution of, or to effect a partial conversion Exchange of, another Note (such other Note being referred to as the “old Note” for purposes of this Section ‎Section 2.09(C)(ii)), including pursuant to Section 2.10(B‎2.10(B), 2.10(C‎2.10(C), 2.11 ‎2.11 or 2.13‎2.13, then such Note will bear the Restricted Note Legend if such old Note bore the Restricted Note Legend at the time of such exchange or substitution, or on the related Conversion Exchange Date with respect to such conversionExchange, as applicable; provided, however, that such Note need not bear the Restricted Note Legend if such Note does not constitute a Transfer-Restricted Security immediately after such exchange or substitution, or as of such Conversion Exchange Date, as applicable. For the avoidance of doubt, the Exchange Notes (other than any Affiliate Notes) shall not bear the Restricted Note Legend and the New Money Notes shall bear the Restricted Note Legend until such New Money Notes cease to be Transfer-Restricted Securities.

Appears in 1 contract

Sources: Indenture (Hertz Corp)

Restricted Note Legend. Subject to Section ‎Section 2.12, (i) each Note that is a Transfer-Restricted Security will bear the Restricted Note Legend; and (ii) if a Note is issued in exchange for, in substitution of, or to effect a partial conversion of, another Note (such other Note being referred to as the “old Note” for purposes of this Section ‎Section 2.09(C)(ii)), including pursuant to Section 2.10(B‎2.10(B), 2.10(C‎2.10(C), 2.11 ‎2.11 or 2.13‎2.13, then such Note will bear the Restricted Note Legend if such old Note bore the Restricted Note Legend at the time of such exchange or substitution, or on the related Conversion Date with respect to such conversion, as applicable; provided, however, that such Note need not bear the Restricted Note Legend if such Note does not constitute a Transfer-Restricted Security immediately after such exchange or substitution, or as of such Conversion Date, as applicable. For the avoidance of doubt, the Exchange Notes (other than any Affiliate Notes) shall not bear the Restricted Note Legend and the New Money Notes shall bear the Restricted Note Legend until such New Money Notes cease to be Transfer-Restricted Securities.

Appears in 1 contract

Sources: Indenture (Biora Therapeutics, Inc.)