Examples of Aether Note in a sentence
Each of the terms "Aether", "Aether Note", "Shaar Note" has the meaning given to such term in the Subordination Agreement.
It shall be a condition to the payment of such principal and accrued and unpaid interest, that upon such payment, Aether or any holder of the Aether Note immediately assign all of its right, title and interest in and to the Aether Note to Shaar.
BIO-key shall provide Purchaser Agent with notice of default in the payment of the Laurus Note or the Aether Note or in the performance of any term, covenant or condition contained in the Laurus Note or Aether Note, and BIO-key shall notify Shaar in the event such default is cured or waived.
Laurus and Aether shall provide Purchaser Agent with a copy of all notices to Obligors of a default under the Senior Lender Documents and Aether Note, respectively; provided, however, that the failure to deliver such notice shall not prejudice the rights and remedies of Laurus or Aether hereunder or under the Senior Lender Documents or the Aether Note, respectively, except to the extent such failure would have created a right under Section 1.1 or 1.2.
On the date hereof, no default exists under or with respect to the Laurus Note or Aether Note.
On the date hereof, Laurus is the current owner and holder of the Laurus Note, and Aether is the current owner and holder of the Aether Note.
Prior to the expiration of the Aether Notice Period, Shaar shall have the right (but shall not be obligated) to make payment in full to Aether or any holder of the Aether Note of the principal and accrued and unpaid interest on the Aether Note together with default interest or fees that may have accrued under the Aether Note.
Notwithstanding the foregoing, no Obligor may make, and the Shaar Purchasers may not receive, any payment of principal, interest or any other amount with respect to Shaar Notes if, at the time of such payment or immediately after giving effect thereto, there exists an event of default under the Senior Lender Documents or the Aether Note.
Until the Discharge of the Senior Claims under the Aether Note, Aether or any holder of the Aether Note may exercise its rights under the Aether Note only upon 30 days’ prior written notice (the “Aether Notice Period”) to Shaar of the occurrence of a default permitting acceleration of the Aether Note or the exercise of any other remedy under the Aether Note.