Senior Noteholder Requests to Re-invest Accrued Interest. At any time during the period that a Senior Note is outstanding, the Senior Noteholder may request that the Company reinvest all or a portion of the accrued interest with respect to the Senior Note by adding such amount to the Loan Amount as it becomes due and payable, provided that the Senior Noteholder is a qualified investor at the time of the request, and the request is made in writing or as may otherwise be required by the Company (an “Interest Roll-over Request”). Notwithstanding the foregoing, the Company may reject for any reason or for no reason any Interest Roll-over Request.
Appears in 5 contracts
Samples: Senior Secured Demand Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Senior Secured Demand Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Note Purchase Agreement (Iron Bridge Mortgage Fund LLC)