Investor Debt definition
Examples of Investor Debt in a sentence
Up to One Million Dollars ($1,000,000) of the initial Advance shall be used to repay outstanding amounts owing with respect to the Investor Debt.
All of the initial proceeds of the Term Advance shall be used by Borrower to repay outstanding amounts owing with respect to the Investor Debt.
Until all of the Obligations shall have been paid in full, the Parent Company shall not at any time grant, or cause or permit any of the other Loan Parties at any time to grant, to the Investor, and the Investor shall not at any time acquire, demand, receive or accept from the Parent Company or from any of the other Loan Parties, any Liens on any Property of any kind as security for any Investor Debt.
The Investor agrees to immediately instruct his bank to make an electronic transfer, as instructed by the Company, of $1,897,500 into the ▇▇▇▇ escrow account of Scheichet & ▇▇▇▇▇, P.C., as attorneys for the Company, and hereby tenders to the Company debt conversion agreements dated this date for the $50,000 Investor Advance and the $325,000 of Investor Debt in full payment for the 12,362,500 Shares being acquired hereby.
The Company hereby agrees to issue to Investor that number of shares of Common Stock determined by dividing (a) the aggregate Investor Debt as of the date hereof by (b) $.60 (the "Conversion Shares") in consideration for the cancellation by Investor of all Investor Debt.