Examples of Holdings Note in a sentence
The Borrower has delivered to the Administrative Agent a complete and correct copy of the Senior Note Documents, the Holdings Note Documents, the Senior Subordinated Note Documents and the Permitted Sponsor Subordinated Debt Agreements, if any, and in each case, any amendments, supplements or modifications with respect to any of the foregoing.
Based on my review of these documents, it is my opinion that the Shares issued upon conversion of the Convertible Notes and the Four Holdings Note have been duly authorized, validly issued, fully paid and nonassessable, and that the Shares issuable to Kings Peak LLC pursuant to the terms of the series A preferred stock issued on February 4, 2000 will be duly authorized, validly issued, fully paid and nonassessable.
Douglas Saathoff, Secretary of ATSI, certifying ATSI's Board of Directors adoption of resolutions authorizing the conversion of the balance due under various Convertible Notes to common stock, the conversion of the balance due under the Four Holdings Note to common stock, the issuance of shares of common stock in a private placement to raise funds to retire balances due under various convertible notes, the issuance of 10,000 shares of series A preferred stock to an investor.
Holdings has good and valid title to the Holdings Note ----- and the Holdings Securities held by it, and owns such Holdings Note and Holdings Securities free and clear from all liens, security interests, options, charges, claims, mortgages, deeds of trusts, or other encumbrances of any kind.
The Holder is also party to that certain promissory note dated March 27, 2014 issued to Sure Investment in the principal amount of $515,600, which represents those funds evidenced by this Note (the "TSASA Holdings Note"), and which further provides the right of Sure Investment and/or the Holder to elect to convert the principal due and owing into shares of common stock of the Company.