Examples of Convertible Subordinated Debt Documents in a sentence
The subordination provisions with respect to the Convertible Subordinated Debt contained in the Convertible Subordinated Debt Documents are legal, valid and binding obligations of each Person a party thereto, and enforceable against such Person in accordance with their terms.
The Obligations constitute “Specified Senior Indebtedness” under the Convertible Subordinated Debt Documents.
As of the Closing Date, (i) Agent has received true, correct and complete copies of the Convertible Subordinated Debt Documents; and (ii) none of the Convertible Subordinated Debt Documents has been amended or supplemented, nor have any of the provisions thereof been waived, except pursuant to a written agreement or instrument which has heretofore been delivered to Agent.
As of the Closing Date, the outstanding principal amount owing under the Convertible Subordinated Debt Documents is $70,000,000.
No “Event of Default” (as defined in the Convertible Subordinated Debt Documents) has occurred and is continuing.