Minimum Borrowing Notes definition

Minimum Borrowing Notes means each Secured Convertible Note, which shall be issued in a series, made by the Company in favor of Laurus to evidence the Minimum Borrowing Amount.
Sample 1Sample 2Sample 3
Minimum Borrowing Notes means that certain Secured Convertible Minimum Borrowing Note dated as of the Closing Date made by the Companies in favor of Laurus evidencing the Minimum Borrowing Amount and each other Secured Convertible Minimum Borrowing Note made by the Companies in favor of Laurus which evidences the Minimum Borrowing Amount, as each of the same may be amended, supplemented, restated and/or otherwise modified from time to time.
Sample 1Sample 2Sample 3
Minimum Borrowing Notes means that certain Secured Convertible Minimum Borrowing Note dated as of the Closing Date made by the Companies in favor of Laurus
Sample 1

Examples of Minimum Borrowing Notes in a sentence

  • Each Company will provide, at the Companies’ joint and several expense, such other legal opinions in the future as are reasonably necessary for the conversion of the Minimum Borrowing Notes and the exercise of the Warrants.

  • During the interviews it became clear that switching of supplier is considered when a new product has to be made.

  • From time to time thereafter, Company shall execute and deliver to Laurus immediately prior to the final funding of each additional $750,000 tranche of Loans (calculated on a cumulative basis for each such tranche) an additional Minimum Borrowing Note evidencing such tranche, in the form of Note delivered by Company to Laurus on the Closing Date, ) provided, however, that no more than two (2) Minimum Borrowing Notes in the aggregate shall be issuable hereunder without the consent of the Borrower.

  • Notwithstanding the immediately foregoing, in no event shall the Company be required to issue more than two serialized Minimum Borrowing Notes without the Company's prior written consent.

  • Each of the Minimum Borrowing Notes and the Revolving Note shall bear substantially the following legend: "THIS NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE, STATE SECURITIES LAWS.

  • Notwithstanding anything to the contrary contained in this Agreement or the Ancillary Agreement, the aggregate principal amount of all Minimum Borrowing Notes issued shall not exceed $7,000,000 without the consent of the Parent.

  • Fair value measurements for a non-financial asset assume the highest and best use by these market participants.

  • He recognized the assistance provided by the NOAA team that came the last week of November to assist in assessing and mitigating the effect of marine debris in American Samoa.

  • By July 2003, NIF had delivered world- record single-laser energy performance at its primary wavelength of 1.06 micron, along with record energy levels at second and third harmonic wavelengths.

  • Notwithstanding the immediately foregoing, in no event shall the Company be required to issue more than two serialized Minimum Borrowing Notes without the Company’s prior written consent.


More Definitions of Minimum Borrowing Notes

Minimum Borrowing Notes means that certain Secured Convertible Minimum Borrowing Note dated as of the Closing Date made by the Companies in favor Laurus evidencing the Minimum Borrowing Amount and each subsequent Secured Convertible Minimum Borrowing Note made by the Companies in favor of Laurus evidencing the Minimum Borrowing Amount, as each of the same may be amended, supplemented, restated and/or otherwise modified from time to time. For the avoidance of doubt, no more than one Minimum Borrowing Note shall be outstanding at any one time and the outstanding principal balance of any Minimum Borrowing Note shall be reduced below the Minimum Borrowing Amount by means of conversion of the Minimum Borrowing Note, the repayment from time to time of all or a portion of the Loans evidenced by the Minimum Borrowing Note, and otherwise pursuant to the express provisions of this Agreement and the Minimum Borrowing Note.
Sample 1

Related to Minimum Borrowing Notes

  • Minimum Borrowing Amount means (i) for Revolving Loans, $5,000,000, and (ii) for Swingline Loans, $1,000,000.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Euro-Dollar Borrowing has the meaning set forth in Section 1.3.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).