Examples of New Note Amount in a sentence
All references in the Loan Documents to the face amount of the Current Note shall be revised to refer to the New Note Amount set forth herein.
Subject to the satisfaction of the conditions set forth in Section 6 and Section 7 below, the Company shall cause the Trustee to credit the DTC account(s) as set forth in Exhibit B hereto (or such other DTC account as the Holder may in writing direct) with New Notes having an aggregate principal amount equal to the New Note Amount against delivery to the Company of the Holder’s Old Notes set forth in Section 1 above.
Each 2012 Extension Warrant shall entitle the holder thereof to purchase, for each dollar of its Original Loan Amount (or the New Note Amount, if such amount is less than the Original Loan Amount), one share of the Company’s Common Stock at an exercise price of $0.25 per share.
On the Effective Date or as soon as practicable thereafter, in exchange for the Secured Notes, each holder of a Secured Note shall received its Ratable Portion of (i) $25 million in Cash, (ii) New Secured Notes in the aggregate principal amount of the New Note Amount; and (iii) eighty percent (80%) of the New Equity Interests of the Reorganized Debtor.
On the Effective Date, or as soon as practicable thereafter, in exchange for the Secured Notes, each holder of a Secured Note shall receive its Ratable Portion of (i) $25 million in Cash, (ii) New Secured Notes in the aggregate principal amount of the New Note Amount; and (iii) eighty percent (80%) of the New Equity Interests in the Reorganized Debtor.
Secured Claim, its Ratable Portion of (a) $25 million in Cash, (b) New Secured Notes in the aggregate principal amount of the New Note Amount and (c) 80% of the New Equity Interests.
The New Note Amount shall be evidenced by a non-convertible original issue discount promissory note, in substantially the form attached hereto as Exhibit B (the “New Note”), which New Note shall be executed by the Borrower as of the Execution Date.
Subject to the satisfaction of the conditions set forth in Section 6 and Section 7 below, on the Closing Date, the Holder shall deliver to The Bank of New York Mellon, as trustee for the Outstanding Notes, the Holder’s Old Notes in exchange for (i) New Notes having an aggregate principal amount equal to the New Note Amount in accordance with the terms hereof, and (ii) such other consideration as may be listed on Schedule I hereto.
Commencing on October 1, 2013, and on the first day of each month thereafter, Borrower shall make payments to Lender equal to four percent (4%) of the following: the amount of the loan originally made by such Lender to Borrower and set forth on Exhibit A attached hereto (the “Original Loan Amount”) or the New Note Amount, if such amount is less than the Original Loan Amount.
Subject to the satisfaction of the conditions set forth in Section 6 and Section 7 below, the Company shall cause the Trustee to credit the DTC account(s) as set forth in Exhibit B hereto (or such other DTC account as the Holder may in writing direct) with New Notes having an aggregate principal amount equal to the New Note Amount against delivery to the Company of the Holder’s Old Notes set forth in Section 1 above.