Credit Facility Note definition
Examples of Credit Facility Note in a sentence
Each Revolving Credit Facility Advance made by the Lenders to the Borrower may be evidenced by a notation of the same made by the Agent on the grid attached to the Revolving Credit Facility Note, which notation, absent manifest error, shall be prima facie evidence of the amount of the relevant Advance.
The Company covenants that all shares of Common Stock which may be issued upon conversion of the Note or the Credit Facility Note will upon issuance be fully paid and nonassessable and, except as provided in Section 11.8 hereof, the Company will pay all taxes, liens and charges with respect to the issue thereof.
The Company shall at all times reserve and keep available out of its authorized but unissued Common Stock, for the purpose of effecting the conversion of the Credit Facility Note, the full number of shares of Common Stock issuable upon the conversion of the entire Credit Facility Note.
The Credit Facility Note or $1,000,000 Integral Multiple portions thereof delivered for conversion shall be canceled by or at the direction of the Company.
Instead of any fractional share of Common Stock which would otherwise be issuable upon the conversion of the Credit Facility Note or the $1,000,000 Integral Multiple thereof, the Company shall pay a cash adjustment in respect of such fraction of a share of Common Stock in an amount equal to the remaining amount which is not converted by reason of this Section 3.3.
All covenants, representations and warranties made by the Company herein and in any certificates delivered pursuant hereto, whether or not in connection with the Disbursement Date, shall survive the closing and the delivery of this Agreement and the Credit Facility Note.
The Company will pay any and all taxes that may be payable in respect of the issuance or delivery of shares of Common Stock on conversion of the Note pursuant hereto or the Credit Facility Note pursuant to the Credit Agreement.
All of the outstanding shares of the Common Stock are, and any shares of Common Stock issuable upon conversion of the Note and the Credit Facility Note will be, duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights created by statute, the Company's Certificate of Incorporation or Bylaws, or any agreement to which the Company is a party or is bound.
No fractional shares of Common Stock shall be issued upon conversion of the Credit Facility Note or $1,000,000 Integral Multiple thereof.
The Credit Facility Note is sometimes referred to herein as the "Note".