Examples of Acquisition Note in a sentence
Nothing herein shall impair, as between the Borrower and the Subordinated Creditor, the obligations of the Borrower which are unconditional and absolute to pay Subordinated Creditor in accordance with the terms of the Acquisition Note, subject to the terms of this Subordination Agreement.
Provided that there exists no Event of Default (or event which would become and Event of Default with notice or the passage of time) under the Senior Loan Agreement which remains uncured, the Subordinated Creditor shall be entitled to receive and retain interest repayment and principal repayment, under the Acquisition Debt in accordance with the terms of the Acquisition Note.
The provisions of this Agreement are solely for the purpose of defining the relative rights of Senior Creditor as the holder of the Senior Debt, Borrower and the holder of the Acquisition Note.
Please refer to the Reverse Acquisition (Note 6) for more details.
In connection with the Aris Acquisition (Note 5), the Company’s non-executive directors ceased to be directors on September 26, 2022.