Examples of Existing Convertible Securities in a sentence
The Company will at all times reserve and keep available, solely for issuance and delivery on the exercise of the Warrants, 610,000 shares of Common Stock, provided that the number of shares of Common Stock reserved with respect to this Warrant shall be increased at the written request of the holder hereof by an amount mutually agreed to by the holder and the Company based on the number of Existing Convertible Securities then outstanding and the market price of the Common Stock of the Company.
The proceeds of the Term Loans shall be used to finance a portion of the Acquisition and to refinance, in whole or in part, the Existing Convertible Securities and, in each case, to pay related fees and expenses; provided, that the proceeds of any Incremental Term Loans shall be used for general corporate purposes.
The proceeds of the Loans made on the Closing Date shall be used to finance a portion of the Acquisition, and the proceeds of the Loans made on the Delayed Draw Loan Date shall be used to refinance, in whole or in part, the Existing Convertible Securities and, in each case, to pay related fees and expenses.