Investment Note definition
Examples of Investment Note in a sentence
A Holder may change this election once during the term of the Investment Note.
If for some reason, Investor is not able to use a wire payment, Investor may pay manually by signing, and returning this agreement with a check for the amount of your investment to: TechSoup DPO ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 100 San Francisco, California 94107 Upon acceptance by TechSoup, this form will constitute an agreement between Investor and TechSoup, and Investor will be issued an Investment Note as described in the Offering Memorandum.
If the Company gives notice to a Holder of the Company's intention to repay an Investment Note at maturity, no interest will accrue after the Maturity Date for such Investment Note.
This Note is issued pursuant to and is subject to all of the terms and conditions of the Shared Capital Cooperative Subscription Agreement for an Investment Note (the “Subscription Agreement”) entered into by the Cooperative and the Lender.
Each of the Senior Secured Note, the Senior Secured Convertible Note and the Additional Investment Note provide, and any other Principal Notes purchased by the Secured Party may provide, for interest to be paid in kind in the form of additional secured promissory notes (the “Additional Promissory Notes”, and together with the Principal Notes, the “Promissory Notes”).
This Investment Note is one of a series of notes being issued by the Borrower for the specific purpose of funding the future strategic plans of TechSoup.
The Holder of an Investment Note may elect to have interest paid monthly, quarterly, semi-annually, annually, or upon maturity as specified upon issuance and confirmed in the Confirmation Statement.
Such Investment Note, as renewed, will continue subject to all of its provisions, including provisions relating to payment of interest and redemption, and shall retain the same interest rate established in connection with its original term.
Interest on an Investment Note shall be simple interest and the Holder thereof may elect to have interest paid monthly, on the fifteenth day of each calendar month; quarterly, on January 15, April 15, July 15 and October 15; semi-annually, on January 15 and July 15; annually, on January 15; or upon maturity.
No interest shall accrue on an Investment Note to be redeemed under this Article XI for any period of time after the redemption date for such Investment Note provided the Company has tendered the Redemption Price to the Estate of the Holder or to the Holder, as the case may be.