April Notes definition

April Notes means the senior secured convertible notes issued by the Company pursuant to the April Securities Purchase Agreement (as defined in the Securities Purchase Agreement), as may be amended from time to time, and shall include all notes issued in exchange therefor or replacement thereof.
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April Notes means the April Euro Notes and the U.S.
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April Notes means the outstanding 8% convertible unsecured notes of the company due April 2, 2018, issued on April 2, 2013;
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Examples of April Notes in a sentence

  • The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, permit any Indebtedness of the Company or any of its Subsidiaries (other than the April Notes) to mature or accelerate prior to the Maturity Date.

  • Interest on the April Notes will be paid annually in arrears on April 15 of each year, beginning on April 15, 2020.

  • All payments due under this Note shall rank pari passu with all Other Notes and all the April Notes and be senior to all other Indebtedness of the Company and its Subsidiaries (other than the April Notes).

  • Furthermore, accrued interest on the April Notes were forgiven; therefore, no interest was recognized as of June 30, 2023.The Company evaluated the terms of the conversion features of the April Notes as noted above in accordance with ASC Topic No. 815 - 40, Derivatives and Hedging - Contracts in Entity’s Own Stock, and determined they are not indexed to the Company’s common stock and that the conversion feature, which is akin to a redemption feature, meet the definition of a liability.

  • The April Notes bear interest at 10% per annum and are payable six months from the date of the bridge financing, subject to conversion.

  • Amended and restated for all Portfolios as of June 30, 1997, and as further amended and restated for all Portfolios as of August 4, 1997.

  • Upon the Company’s planned reverse merger (“PIPE Offering”), the April Notes will convert into shares of common stock at a conversion price equal to 80% of the price per the PIPE offering.

  • All Permitted Debt shall rank junior in priority, in all respects, to the April Notes and March Notes and the security interests of Investors granted pursuant to the Security Agreement in connection therewith, in accordance with this Agreement and the transactions contemplated hereby.

  • Upon issuance of the April Notes, the Company recognized a derivative liability at a fair value of $601,000, which is recorded as a debt discount and was amortized over the life of the notes.

  • Notwithstanding the foregoing or anything else contained in this Agreement to the contrary and without implication that the contrary would otherwise be true, it is expressly understood and agreed that each issuance of Notes and each issuance of Conversion Shares will result in anti-dilution adjustments under Section 7(a) of each of the April Notes.


More Definitions of April Notes

April Notes means the secured promissory notes of the Company payable to the order of the Investors in the aggregate principal amount or up to $665,000 , in substantially the form of Exhibit A hereto, evidencing the indebtedness of the Company to the Investors under the transactions made by the Investors to the Company hereunder.
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Related to April Notes

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Original Notes means the Initial Notes and any Exchange Notes issued in exchange therefor.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • 2022 Notes means the Borrower’s 5.00% Convertible Senior Notes due 2022.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • 2018 Notes means the Company’s 7.75% Senior Subordinated Notes due 2018 issued under the Indenture dated December 14, 2010 among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee.

  • Initial Notes means the first $500,000,000 aggregate principal amount of Notes issued under this Indenture on the date hereof.

  • 2020 Notes means the 6.875% Senior Notes due 2020, issued by Pride International LLC, a Delaware limited liability company.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • 2024 Notes means the 7.000% Senior Notes due 2024, issued pursuant to the 2024 Indenture.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • 2023 Notes means the 6 7/8% Notes due 2023 issued by NTL pursuant to the 1988 Indenture.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • B Notes means each of Note B-1 and Note B-2.

  • 2013 Notes means the 4.375% Senior Secured Notes due 2023 and the 5.950% Senior Secured Notes due 2043 issued by the Issuer on March 18, 2013.

  • PIK Notes means additional Notes issued under this Indenture on the same terms and conditions as the Notes issued on the Closing Date in connection with the payment of PIK Interest.

  • Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.

  • Notes shall have the meaning assigned to such term in the recitals.