Founder Notes definition

Founder Notes means (i) the Second Amended and Restated Promissory Note, dated as of March 25, 2014, made by Galveston Bay Resources, LP in favor of Xxxxx in the original principal amount of $345,523.89, (ii) the Second Amended and Restated Promissory Note, dated as of March 25, 2014, made by Xxxx Xxxx in favor of Xxxxx in the original principal amount of $11,561,550.87, and (iii) the Second Amended and Restated Promissory Note, dated as of March 25, 2014, made by Petro Acquisitions, LP in favor of Xxxxx in the original principal amount of $178,278.21, in each case, as in effect on the Execution Date and as it may be amended, restated, transferred, assigned or otherwise supplemented, replaced or refinanced in accordance with the terms hereof.
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Founder Notes means (i) unsecured Indebtedness in the aggregate principal amount of $800,000 owing to Xxxxxx and Xxxxxx Xxxxxxxx evidenced by that certain Amended Promissory Note dated as of May 9, 2013 and (ii) unsecured Indebtedness in the aggregate principal amount of $250,000 owing to Xxxx and Xxxxxx Xxxxxx evidenced by that certain Promissory Note dated as of May 20, 2013.
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Founder Notes means 10% Convertible Subordinated Notes due November 5, 2025 issued by HOF Village.
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Examples of Founder Notes in a sentence

  • At least five (5) business days prior to the closing of the Future Equity Financing, the Company shall notify the Holder and all other holders of the Founder Notes in writing of the terms under which the Equity Securities of the Company will be sold in such financing.

  • The conversion of this Note into Equity Securities, if so elected by a majority in principal amount of the Founder Notes, shall be on such terms and shall occur on the closing date of such Future Equity Financing.

  • The Class A Limited Partners hereby agree to indemnify the Class B Limited Partner for any tax cost arising out of or relating to the subordination of the Founder Notes.

  • In addition, the Company shall issue to the Converting Founders, in the respective principal amounts set forth on their respective signature pages hereof, Notes into which like principal amounts of Founder Notes are being converted pursuant to the terms thereof.

  • At the Closing, the Company will deliver to each of the Purchasers the Notes to be purchased by (or issued upon conversion of Founder Notes to) such Purchaser (in such denomination or denominations and registered in such Purchaser’s name or the name of such nominee or nominees as such Purchaser may request), dated the Closing Date.

  • Notwithstanding anything to the contrary in the Loan Agreement, and effective as of December 31, 2004, Silicon hereby consents to the Borrower entering into the Stock Repurchase and Warrant Agreement Purchase transaction, provided that the Founder Notes are subordinated to the Obligations, on Silicon’s standard form subordination agreement with such changes thereto that are in form and substance satisfactory to Silicon in its good faith business judgment.

  • No more than $15,000,000 of the purchase price of the Parthenon Transaction shall be used by Borrower to effect a distribution to the holders of equity securities of Borrower, including Xxxxxxxx Xxxxxxxxx, Xxxx Xxxxxxx and Xxxxxxx Xxxxx, and to repay the Founder Notes (as defined in the Schedule).

  • The Founder Notes have been redeemed by Rightster and the proceeds of such redemption were deposited in an escrow account in accordance with the Preview SPA.

  • The Founder Notes shall have been exchanged for equity interests of the Contributor in accordance with Section 6.18 and Ellis shall have agreed to become bound hereunder as a Contributor Owner, and the Contributor shall have converted the Founder Notes into equity in the Contributor.

  • Prior to Closing, the Contributor shall cause the Founder Notes to be exchanged for equity interests in the Contributor, and Ellis shall become a Contributor Owner in a manner reasonably acceptable to Buyer.


More Definitions of Founder Notes

Founder Notes means, collectively, that certain Subordinated Promissory Note, dated as of November 13, 2018, in the principal amount of six million two hundred fifty thousand dollars ($6,250,000) issued by Borrower to Xxxxx Xxxxxxx (the “Xxxxxxx Note”) and that certain Subordinated Promissory Note, dated as of November 13, 2018, in the principal amount of six million two hundred fifty thousand dollars ($6,250,000) issued by Borrower to Xxxxxx Xxx (the “Joh Note”), and each, individually, a “Founder Note”.
Sample 1
Founder Notes means (a) that certain Second Amended and Restated Promissory Note dated March 25, 2014 in the original principal amount of $178,278.21 made by the Borrower payable to Xxxxxxx X. Xxxxx, (b) that certain Second Amended and Restated Promissory Note dated March 25, 2014 in the original principal amount of $345,523.89 made by the Borrower payable to Xxxxxxx X. Xxxxx, and (c) that certain Second Amended and Restated Promissory Note dated March 25, 2014 in the original principal amount of $11,561,550.87 made by the Borrower payable to Xxxxxxx X. Xxxxx.
Sample 1
Founder Notes means (i) the Second Amended and Restated Promissory Note dated as of March 25, 2014, made by Galveston Bay Resources, LP in favor of Xxxxxxx X. Xxxxx in the original principal amount of $345,523.89, (ii) the Second Amended and Restated Promissory Note dated as of March 25, 2014, made by the Partnership in favor of Xxxxxxx X. Xxxxx in the original principal amount of $11,561,550.87, and (iii) the Second Amended and Restated Promissory Note dated as of March 25, 2014, made by Petro Acquisitions, LP in favor of Xxxxxxx X. Xxxxx in the original principal amount of $178,278.21, in each case, as in effect on the date hereof and as it may be amended, restated or otherwise supplemented, replaced or refinanced in accordance with the terms hereof.
Sample 1
Founder Notes is defined in Section 2.7(b)(xxii).
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Founder Notes has the meaning set forth in Section 1.4(a) of this Agreement.
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Related to Founder Notes

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

  • Seller Notes means any promissory note or notes issued by the Borrower or a Restricted Subsidiary of the Borrower in respect of any acquisition permitted hereunder as consideration in connection with such acquisition, but that is not in the nature of an earn-out obligation or similar deferred or contingent obligation.

  • Convertible Notes has the meaning set forth in the Recitals.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Series D Notes is defined in Section 1.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Redemption Notes means unsecured subordinated promissory notes of the Trust having a maturity date to be determined at the time of issuance by the Trustee (provided that in no event shall the maturity date be set at a date subsequent to the first Business Day following the fifth anniversary of the date of issuance of such note), bearing interest from the date of issue at a market rate of interest determined at the time of issuance by the Trustee, payable for each month during the term on the 15th day of each subsequent month with all principal being due on maturity, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • Junior Notes means Note B-1, Note B-2, Note B-3 and Note B-4.

  • Series A Notes is defined in Section 1.

  • Other Notes means Notes nearly identical to this Note issued to other Holders pursuant to the Purchase Agreement.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • 2013 Notes means the 4.375% Senior Secured Notes due 2023 and the 5.950% Senior Secured Notes due 2043 issued by the Issuer on March 18, 2013.

  • Redemption Securities means any debt or equity securities of the Corporation, any Subsidiary or any other corporation or other entity, or any combination thereof, having such terms and conditions as shall be approved by the Board of Directors and which, together with any cash to be paid as part of the redemption price, in the opinion of any nationally recognized investment banking firm selected by the Board of Directors (which may be a firm which provides other investment banking, brokerage or other services to the Corporation), has a value, at the time notice of redemption is given pursuant to paragraph (d) of this Section 5, at least equal to the Fair Market Value of the shares to be redeemed pursuant to this Section 5 (assuming, in the case of Redemption Securities to be publicly traded, such Redemption Securities were fully distributed and subject only to normal trading activity).

  • Notes shall have the meaning assigned to such term in the recitals.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Subsequent Notes means any Notes issued after the First Issue Date on one or more occasions.