Date of Demand definition
Examples of Date of Demand in a sentence
Upon receipt of written notice from the Trustee in respect of the demand repayment, the Corporation shall have three Business Days to elect to repay the Note surrendered pursuant to this section or to satisfy such demand by issuing to the surrendering Noteholder such number of Common Shares as would be issued to such Noteholder if the Noteholder had elected to convert the Note into Common Shares pursuant to Article Three, as of the Date of Demand.
If any such expenses are not so reimbursed, the amount thereof, together with interest thereon from the Date of Demand for payment at the Interest Rate for Advances, shall, to the extent permitted by law, be reimbursed and in any action brought to collect such sums, the SUBLESSOR or the DIRECTOR, as applicable, shall be entitled to seek recovery of such expenses in such action except as limited by law or by Judicial Order or decision entered in such proceedings.