Examples of Conversion Note in a sentence
If the aggregate principal amount of the Note that is being converted in accordance with the Conversion Note is less than that aggregate principal amount of such Note being converted, then the Company shall, as soon as practicable and in no event later than three (3) Business Days after receipt of the original Note (the “Note Delivery Date”) and at its own expense, issue and deliver to the Purchaser a new Note representing the aggregate principal amount of the Note not converted.
NOTICE: Any notice to be given or to be served upon any party in connection with the Warrant and or Conversion Note must be in writing and will be deemed to have been given and received upon confirmed receipt, if sent by facsimile, or two (2) days after it has been submitted for delivery by Federal Express or any equivalent carrier, charges prepaid, and addressed to the following addresses with a confirmation of delivery.
After the conversion of the Debt into the Conversion Shares and the Conversion Note, if any, the Loan Documents shall terminate and be of no further force and effect.
In such a model, commitment to the not-for-profit status would lead to higher quality levels because perquisites are not as valuable as income.
At the Closing, Lxxxxx shall deliver to the Company the Notes for conversion into the Conversion Shares and the Conversion Note, if any.
The form of the Conversion Note shall be in a form reasonably acceptable to ECCA and will be substantially in the form of the conversion note issued to the lenders in connection with the new bank credit agreement as described on Exhibit L to the Settlement Agreement.
In the event that the rate of interest required to be paid under the provisions of this Agreement, the Revolving Line of Credit Note, the Term Note or any Conversion Note exceeds the maximum rate permitted in such jurisdiction, the rate of interest required to be paid hereunder and thereunder shall be automatically reduced to the maximum rate permitted in such jurisdiction and any amounts collected in excess of the permissible amount shall be deemed a prepayment of principal thereon.
If it has not already done so, a Noteholder must surrender and deliver the Convertible Note Certificate for each Specified Conversion Note to the Registrar as soon as reasonably practicable after the Issuer issues the Ordinary Shares to that Noteholder.
Following completion of the procedures in Term 6.11, each Specified Conversion Note which is Converted by the Issuer will be automatically cancelled, and the Registrar must update the Convertible Note Register to reflect the Conversion of each Specified Conversion Note.
Notwithstanding the foregoing, each holder of a Special Conversion Note agrees to surrender, at or before the Pricing, such Special Conversion Note to the Company for exchange and cancellation in connection herewith or to execute and deliver to the Company an affidavit of loss and indemnity reasonably satisfactory to the Company.