Convertible Note Indebtedness definition

Convertible Note Indebtedness means the Indebtedness outstanding under that certain Unsecured Subordinated Convertible Promissory Note, in the original principal amount of $17,600,000, dated as of August 8, 2012, by the Parent in favor of PCC.
Convertible Note Indebtedness has the meaning set forth in Section 6.01(j).
Convertible Note Indebtedness means Indebtedness having a feature which entitles the holder thereof to convert or exchange all or a portion of such Indebtedness into or by reference to Equity Interests of the Company.

Examples of Convertible Note Indebtedness in a sentence

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  • Upon receipt of the Convertible Note for cancellation, the Company shall issue to the Lender a promissory note in the principal amount of the Convertible Note Indebtedness and in the form set out in Schedule A hereto.

  • The Company agrees to repay the Convertible Note Indebtedness on or before the Maturity Date.

  • After the Maturity Date, the Company shall pay interest on the Convertible Note Indebtedness and any accrued and unpaid interest at the aforesaid rate.

  • The Company shall pay interest on the Convertible Note Indebtedness at the rate of 15% per annum, calculated annually, not in advance, from December 14, 2009 and payable on the Maturity Date.


More Definitions of Convertible Note Indebtedness

Convertible Note Indebtedness means the Indebtedness incurred by Gevo, Inc. under the Convertible Note Documents in an aggregate principal amount not to exceed $75,000,000.
Convertible Note Indebtedness means the senior unsecured Indebtedness of the Borrower outstanding under or in connection with its 7% convertible senior notes due 2029 (which notes will be issued by the Borrower in March 2024).
Convertible Note Indebtedness means Indebtedness having a feature which entitles the holder thereof to convert or exchange all or a portion of such Indebtedness into Qualified Capital Stock of the Borrower (or other securities or property following a merger event or other change of the ordinary shares of the Borrower), which conversion or exchange may be settled by the Borrower by payment of cash or any combination of payment of cash and delivery of such Qualified Capital Stock (or such other securities or property) based on the market price of such Qualified Capital Stock (or other securities or property). For the avoidance of doubt, all Permitted Note Indebtedness shall be Convertible Note Indebtedness.
Convertible Note Indebtedness means Indebtedness under those certain 8% Senior Convertible Notes Due June 30, 2020 (in an aggregate original principal amount of $25,000,000) evidenced by, and subject to the terms of, the Convertible Note Documents.
Convertible Note Indebtedness has the meaning specified therefor in the Loan Agreement.
Convertible Note Indebtedness means Indebtedness arising under the Convertible ‎Note Documents, in an aggregate principal amount not exceeding [TEXT REDACTED], plus capitalized ‎interest thereon added to principal from time to time.‎
Convertible Note Indebtedness means Indebtedness incurred by the Issuer or any Guarantor so long as such Indebtedness (i) is evidenced by a note or other debt instrument that is convertible into Equity Interests of the Issuer (and cash in lieu of fractional shares), (ii) is unsecured; (iii) does not have a stated maturity prior to the date that is six (6) months following March 1, 2025; (iv) has no scheduled amortization or principal payments or requires any mandatory redemptions or payments of principal prior to the date that is six (6) months following March 1, 2025 other than customary payments upon a change of control or fundamental change event (it being understood that conversion of any such Indebtedness shall not be considered a redemption or payment); (v) is by its terms subordinated in right of payment to the Securities reflecting the payment subordination terms set forth in Exhibit F; and (vi) otherwise has substantially the same terms as the Indebtedness of the Issuer incurred pursuant to those certain Note Purchase Agreements described on Schedule 5.15 of the Purchase Agreement.