Examples of Closing Note in a sentence
The Second Closing Note shall be identical to the Note issuable on the Initial Closing Date except that the maturity date of such Notes shall be two (2) years after the Second Closing Date.
In May 2021, one of the 2020 Convertible Noteholders (the “Converting Noteholder”) converted the entire $7.5 million principal amount of such Converting Noteholder’s First Closing Note, and related accrued interest, amounting to approximately $0.04 million, into 1,256,143 shares of the Company’s common stock.
The Initial Closing Note shall have an initial aggregate principal amount equal to the aggregate purchase price of the shares of Initial Closing Shares purchased from Seller hereunder.
The net proceeds of the Offering were used by TransAlta Renewables to repay the $187 million Closing Note issued to the Corporation.
At each Closing, Purchaser or its agents shall deliver a duly executed Initial Closing Note or Subsequent Closing Note, as applicable, to the Escrow Agent on behalf of the Seller.