Conversion Note definition

Conversion Note shall have the meaning set forth in Section 3.3 hereof.
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Conversion Note means any promissory note issued by the Borrowers to the Lender in connection with a Conversion Loan pursuant to Article III, the forms of which are attached as EXHIBITS A-1 and A-2.
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Conversion Note. As defined in Section 2.6(b) hereof.
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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.

  • At the Closing, Lxxxxx shall deliver to the Company the Notes for conversion into the Conversion Shares and the Conversion Note, if any.

  • 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.

  • Upon the closing of each Conversion Loan, the Borrowers shall execute and deliver to the Lender a Conversion Note payable to the order of the Lender for the full amount of the Conversion Loan.

  • Based upon the reorganization value set forth above, and the fact that there will be no debt or contractual payment obligation other than the Working Capital Facility, capitalized leases, the Trade Conversion Note and the Extended Creditor Payment Obligations post-Effective Date, the Debtors have employed an assumed equity value of $11.3 million.

  • Nothing contained in this Agreement, in the Revolving Line of Credit Note, the Term Note or any Conversion Note shall be deemed to establish or require the payment of interest to Lender at a rate in excess of the maximum rate permitted in the jurisdiction of enforcement of this Agreement, the Revolving Line of Credit Note, the Term Note or any Conversion Note.

  • Each Lender, within the Major Transaction Conversion Period (as defined in the Conversion Note), in the exercise of its sole discretion, may deliver a notice to the Borrower (the “Put Notice”) that either or both of the Conversion Notes and Acquisition Notes shall be due and payable in cash (collectively, the “Major Transaction Payment”).

  • The Borrowers will, jointly and severally, promptly repay the Obligations when due, including without limitation the amounts due under the Revolving Line of Credit Note, the Term Note and each Conversion Note according to their respective terms and the terms of this Agreement and the other Loan Documents.

  • Each Borrower agrees that this Agreement and the other Loan Documents may be enforced by Lender without the necessity at any time of resorting to or exhausting any security and without the necessity at any time of having recourse to the Revolving Line of Credit Note, the Term Note, any Conversion Note, any other Loan Document or any co-obligor, guarantor or any security, if any, held with respect to the Obligations.


More Definitions of Conversion Note

Conversion Note means a note in any of the forms attached hereto as EXHIBIT A.
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Conversion Note has the meaning set forth in Section 2.02(b).
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Related to Conversion Note

  • Conversion Notice has the meaning specified in Section 4.02(b).

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Bridge Note means a promissory note made by the Borrower in favor of a Bridge Lender, evidencing Bridge Loans made by such Bridge Lender, substantially in the form of Exhibit C-2.

  • Conversion Amount means the sum of the Stated Value at issue.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Forced Conversion Notice has the meaning set forth in Section 4.05(c) hereof.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Legended Note means Registered Notes in definitive form that are issued to Institutional Accredited Investors and Registered Notes (whether in definitive form or represented by a Registered Global Note) sold in private transactions to QIBs in accordance with the requirements of Rule 144A;

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Conversion Consideration shall have the meaning specified in Section 14.12(a).

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Initial Conversion Price has the meaning specified in Section 13.01.