Examples of Existing Convertible Debt in a sentence
Borrower shall use the proceeds of the Credit Extensions solely as working capital to fund its general business requirements and to repay its Existing Convertible Debt, and not for personal, family, household, or agricultural purposes.
Borrower shall not amend the documents evidencing the Existing Convertible Debt without the prior written consent of the Lenders.
The Parent has not created, incurred, assumed or suffered to exist any Debt, except the Existing Convertible Debt and such other Debt described on Schedule 9.32.
The amount paid by Borrower to cause the repayment in full of Borrower’s Existing Convertible Debt shall not exceed $12,503,000, plus accrued interest in an amount not to exceed $400,000.
On or prior to February 15, 2011, and provided that no Event of Default has occurred and is continuing, Borrower shall repay in full all of Borrower’s Existing Convertible Debt.