RESTRUCTURING OF THE INDEBTEDNESS Sample Clauses

RESTRUCTURING OF THE INDEBTEDNESS. (a) On the Effective Date, the Secured Notes shall be amended and restated, in their entirety, to read as set forth in the form of secured promissory note (the "Restructured Secured Notes") attached hereto as EXHIBIT A, and the Unsecured Notes shall be amended and restated, in their entirety, to read as set forth in the form of convertible promissory note (the "Convertible Notes") attached hereto as EXHIBIT B, which shall give effect to the restructuring of Borrower's obligations under the Existing Notes contemplated by this Agreement. The initial aggregate principal amount of the Restructured Secured Notes shall be Three Million Nine Hundred Thousand Dollars ($3,900,000), and the initial aggregate principal amount of the Convertible Notes shall be One Million Ninety-Three Thousand Eight Hundred Thirty Three Dollars and Nineteen Cents ($1,093,833.