Macquarie Lender definition
Examples of Macquarie Lender in a sentence
All payments of principal and interest made by the Borrower with respect to this Note shall be paid to PBC Macquarie Lender by wire transfer of immediately available funds to such account as PBC Macquarie Lender shall so direct, or by: check All payments made with respect to this Note shall be made in United States Dollars.
The Conversion Right shall be exercised by written notice from PBC Macquarie Lender to the Borrower (the “Conversion Notice”) stating PBC Macquarie Lender’s election to convert all or a portion of the amount due under this Note into Shares of the Borrower and the amount so elected to convert.
The Borrower hereby agrees upon demand to pay to PBC Macquarie Lender the amount of any and all reasonable fees and expenses in accordance with the terms set forth in the Loan Agreement.
The closing of the Purchase Option (the “Closing”) shall take place at a time selected by PBC Macquarie Lender, but no later than thirty (30) Business Days after receipt of the Option Notice by the Borrower.
Upon the occurrence and during the continuance of an Event of Default as set forth in the Loan Agreement, PBC Macquarie Lender shall have the rights and remedies that are set forth in the Loan Agreement and the other Loan Documents, subject to the Borrower’s applicable cure rights and notice periods provided in the Loan Agreement.
PBC Macquarie Lender may release any guarantor, surety or indemnitor of this Note from liability, in every instance without the consent of the Borrower hereunder and without waiving any rights which PBC Macquarie Lender may have hereunder or under any of the other Loan Documents or under applicable law or in equity.
This Note, or such portion thereof, as applicable, shall be deemed to have been converted as of the close of business on the date the Conversion Notice is sent to the Borrower as provided herein, and PBC Macquarie Lender shall be treated for all purposes as the holder of record of such converted Shares on the Borrower’s books and records as of the close of business on such date (the “Conversion Date”).
No indebtedness evidenced by this Note shall be deemed to have been setoff or shall be setoff or compensated by all or part of any claim, cause of action, counterclaim or cross-claim, whether liquidated or unliquidated, which the Borrower may have or claim to have against PBC Macquarie Lender.
PBC Macquarie Lender shall have no obligation to exercise the Purchase Option.
The Purchase Option shall be exercised by written notice from PBC Macquarie Lender to the Borrower (the “Option Notice”) stating PBC Macquarie Lender’s election to purchase Shares, the Exercise Price and the number of Shares to be purchased.