Examples of Additional Secured Notes in a sentence
The Borrowers may not assign or transfer this Agreement or any of its rights hereunder without the prior written consent of Lenders holding a majority in aggregate principal amount of the Secured Notes and any Additional Secured Notes then outstanding (collectively, the “Majority Lenders”) and the First-Out Lender.
The Borrower will not amend the terms of the Initial Secured Notes, any Permitted Additional Secured Notes or any Permitted Junior Lien or Unsecured Notes in a manner that would accelerate the date on which the Borrower is required to make any payment of principal or interest or any other amount thereon.
Each Loan Party acknowledges the relative rights, priorities and agreements of the Secured Parties and the secured parties under the ABL Credit Agreement, the Secured Notes and the Additional Secured Notes, if any, in each case as set forth in the Intercreditor Agreements and this Agreement, including as set forth in this Section 8.03.
The Additional Secured Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A attached hereto.
The Additional Secured Notes shall be executed on behalf of the Company and the Guarantors by an Officer and authenticated by the Trustee pursuant to Section 2.02 of the Indenture.
The proceeds from the issuance of the Senior Secured Convertible Note shall be used to repay in full at the Subsequent Investment Closing all amounts owed by the Company under the Senior Secured Note (and any Additional Secured Notes issued thereunder), which amounts shall be netted against the purchase price to be paid by the Purchaser at the Subsequent Investment Closing for the Senior Secured Convertible Note.
The Additional Secured Notes of an existing Class shall rank pari passu in all respects with the initial Secured Notes of that Class.
Additional Mezzanine Notes, Additional Subordinated Notes and Additional Secured Notes issued pursuant to Section 2.4 and any Replacement Notes.
A test that will be satisfied on the date of any issuance of Additional Secured Notes or Additional Subordinated Notes if (a) no Event of Default has occurred and is continuing or would result therefrom and (b) the aggregate principal amount of Additional Subordinated Notes being issued is at least equal to U.S.$2,000,000.C-R Notes": Additional notes, issued pursuant to Section 2.13, of the same Class as the Class C-R Notes.
The net proceeds to the Company from the issuance and sale of the Senior Secured Convertible Note shall be used first to repay all amounts then owed under the Senior Secured Note (and any Additional Secured Notes issued pursuant to the terms of such Senior Secured Note) and, thereafter, for general corporate purposes consistent with the Business Plan.