Loan Restructuring Agreement definition
Examples of Loan Restructuring Agreement in a sentence
Stonehouse and each of the WorldSpace Parties desire to amend the Loan Restructuring Agreement and the Royalty Agreement and to provide the Escrow Agent with notification of such amendments in accordance with the provisions set forth below.
Stonehouse and each of the WorldSpace Parties desire to amend the Loan Restructuring Agreement and the Royalty Agreement in accordance with the provisions set forth below.
The Borrower is advised and undertakes to obtain independent legal and financial advice during this “cooling off” period regarding any term or condition of the Loan Restructuring Agreement.
The Borrower has the right to terminate this Loan Restructuring Agreement by written notice to the Lender before disbursement of the Loan.
In the event that the Loan was disbursed during the “cooling off” period, the Borrower may cancel the Loan Restructuring Agreement, provided that the Restructured Loan Amount and pro-rata finance charges are the Restructured Loan Amount repaid simultaneously with the letter of cancellation.
This addendum forms an annex to, and an integral part of the Loan Restructuring Agreement with the Lender and all words and expressions contained in the aforesaid Loan Restructuring Agreement will bear the same meaning in this addendum unless the contrary appears from the context.
The Company hereby agrees to execute and deliver such documentation as a pledgee of the Amended Note, the Shares, the Warrant (if required to be issued pursuant to the Loan Restructuring Agreement), the Warrant Shares (if the Warrant is required to be issued pursuant to the Loan Restructuring Agreement), any Additional Warrants, any Additional Warrant Shares and/or Conversion Shares may reasonably request in connection with a pledge of any such securities to such pledgee by the Lender.
Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Loan Restructuring Agreement.
WSI-Delaware shall have consummated (or shall consummate contemporaneously with the Closing) a senior convertible note financing that qualifies as a “New Loan” under the Stonehouse Loan Restructuring Agreement.
The Restructuring (as defined in the Stonehouse Loan Restructuring Agreement) shall have occurred (or shall occur contemporaneously with the Closing).