Convertible Term Loan definition

Convertible Term Loan as defined in Section 1.4."
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Convertible Term Loan has the meaning specified in Section 2.3.
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Convertible Term Loan means the “Convertible Term Loan”, as defined in the Credit Agreement.
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Examples of Convertible Term Loan in a sentence

  • Make-whole for life, provided that such make-whole shall expire with respect to the interests in the Junior Last Out Convertible Term Loan that are converted.

  • Borrower covenants with Convertible Term Loan Lenders that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable shares.

  • Borrower covenants with Convertible Term Loan Lenders that it will at all times reserve and keep available out of its authorized Common Shares, solely for the purpose of issuance upon conversion of the Conversion Amounts and Convertible Notes as herein provided, and conditionally allot to Convertible Term Loan Lenders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Conversion Amounts and Convertible Notes.

  • This Agreement shall become effective as of the date first set forth above when (a) counterparts hereof, which, when taken together, bear signatures for each of the parties hereto and SICOR, shall have been delivered to MTI and Sankyo and (b) all of the conditions precedent under Section 4.1 of the Convertible Term Loan Agreement, dated as of the date hereof, between MTI and Sankyo have been satisfied.

  • The Company and Sankyo shall have entered into the Convertible Term Loan Agreement in substantially the form attached hereto as Exhibit F (the "Loan Agreement").

  • When so approved, Borrower shall forthwith give notice to Convertible Term Loan Lenders in the manner provided in Section 11.10 specifying the event requiring such adjustment or readjustment and the results thereof, including the resulting Conversion Price.

  • If Sankyo exercises its right under Section 8.2 of the Convertible Term Loan Agreement, dated as of the date hereof, as amended, supplemented or otherwise modified from time to time, between Sankyo and MTI, Sankyo may terminate this Agreement concurrently therewith.

  • If more than one (1) Convertible Note shall be surrendered for conversion at one time by the same Convertible Term Loan Lender, the number of whole Common Shares issuable upon conversion thereof shall be computed on the basis of the aggregate principal amount of such notes to be converted.

  • In connection with the Company’s Convertible Term Loan, the Company issued to certain lenders warrants to purchase 250,000 shares of common stock (the “Pontifax Warrants”).

  • The undersigned owner of a Convertible Term Loan Note and Convertible PIK Note, as the case may be, (collectively, the "Notes") issued by SR Telecom Inc.


More Definitions of Convertible Term Loan

Convertible Term Loan means the convertible term loan made by the Convertible Term Lenders to Borrower on the Closing Date pursuant to Section 2.2 in the aggregate original principal amount of Five Million Dollars ($5,000,000), and all Obligations related thereto.
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Convertible Term Loan means the convertible term loan made by Lender to Borrower in an aggregate principal amount not to exceed ///[$1,595,000]///.
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Convertible Term Loan means the convertible term loan to be advanced to Borrower by Convertible Term Loan Lenders on the Convertible Term Loan Closing Date in the aggregate amount of Cdn$20,000,000 and in accordance with Section 1.1(4).
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Convertible Term Loan means the convertible term loan in the face amount of $6,314,699.59 described in Section 2.02(a)(ii) below.
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Related to Convertible Term Loan

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche C Term Loan as defined in Section 2.1.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • New Term Loans as defined in Section 2.24.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender, evidencing Incremental Term Loans made by such Incremental Term Lender, substantially in the form attached to the Incremental Term Supplement.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.