Examples of Incremental Notes in a sentence
Under the SPA, each Purchaser has the option, from time to time until November 10, 2023, to purchase additional Tranche B Notes and warrants of the Company, subject to certain conditions, in an aggregate amount not to exceed the initial principal amount of the Bridge Notes and Incremental Notes issued to such Purchaser.
Advisors LP and any of its Affiliates shall have the option (the “Financing Option”) to purchase up to 20.0% of the aggregate principal amount of the proposed Incremental Notes specified in the Incremental Notes Notice (the “Incremental BBA Financing”).
No Purchaser shall have any other obligation to fund any additional Incremental Notes and the purchase of any such additional Incremental Notes shall be at the sole and absolute discretion of each Purchaser.
Advisors LP written notice of the issuance of any Incremental Notes and the aggregate principal amount of any such issuance (the “Incremental Notes Notice”).
Advisors LP may exercise such Financing Option by sending to the Company within three business days following the giving of the Incremental Notes Notice, written notice of the exercise of the Financing Option and the principal amount of Incremental Notes with respect to which the Financing Option will be exercised.