Convertible Note Financing means the financing that may be entered into by Pineapple prior to the closing of the merger for the issuance and sale of up to $10 million in gross proceeds of convertible notes or debt obligations that will convert, immediately prior to the merger, into Pineapple Class C Units at a rate of one Pineapple Class C Unit for every $2.00 of unpaid principal and accrued interest thereon. To the extent Pineapple sells or issues any such convertible notes, the Class C Units outstanding will be exchanged at the effective time of the merger into shares of CSI common stock at a ratio of one share of CSI common stock for each Pineapple Class C Unit.
Convertible Note Financing means the convertible note private placement financing completed by the Company in February 2019 through the issuance of convertible promissory notes in the aggregate principal amount of $10,000,021.50 at 12% interest per annum with a maturity date of eighteen (18) months;
Convertible Note Financing has the meaning set forth in Section 7.5.
Examples of Convertible Note Financing in a sentence
Convertible Note Financing Term Sheet (Seed-Stage Start-Up) A Lexis Practice Advisor® Form by.
Convertible Note Financing Term Sheet (Seed-Stage Start-Up)The following is a summary of the basic terms and conditions of a proposed convertible promissory note financing of Company Name.
Convertible Note Financing Term Sheet (Seed- Stage Start-Up) A Lexis Practice Advisor® Form by.
Please refer to Note 7, Deferred Convertible Note Financing, for details of an issuance of convertible debt which took place during the period.
Convertible Note Financing Term Sheet (Seed-Stage Start-Up)A Convertible Note Term Sheet is the summary outline of the key terms for a convertible debt seed financing.
More Definitions of Convertible Note Financing
Convertible Note Financing has the meaning given in Section (a) hereof. “Event of Default” has the meaning given in Section 5 hereof.
Convertible Note Financing has the meaning specified in the Solar Loan Program Agreement.
Convertible Note Financing means the entry into the Note Purchase Agreement, as defined in the Joint Prepackaged Chapter 11 Plan of Reorganization of Sunlight Financial Holdings Inc. and its Affiliated Debtors.
Convertible Note Financing means any convertible note financing including the Convertible Note Purchase Agreement and the transactions pursuant to, contemplated thereby, or in connection therewith so long as the holders of such instrument execute a subordination agreement substantially consistent with the Convertible Note Subordination Agreement or otherwise reasonably acceptable to the Agents.
Convertible Note Financing has the meaning set forth in the Recitals.
Convertible Note Financing means the sale of 890 Convertible Notes in connection with the Note Subscription Agreement, raising gross proceeds of $150,000,000.
Convertible Note Financing has the meaning given in Section 2(a) hereof.