Note Conversion Agreements definition
Examples of Note Conversion Agreements in a sentence
Further, on or before the Closing Date, the Company shall deliver written confirmation to the Placement Agent that the issuances of Common Stock pursuant to the Note Conversion Agreements (as defined in the securities purchase agreement to be entered into between the Company and the Investors (the “Purchase Agreement”)) shall occur contemporaneous with the Closing.
The Company shall have entered into Note Conversion Agreements with all holders of its debt other than holders of the Company’s Permitted Closing Debt, and Preferred Stock Conversion Agreements with all holders of Preferred Stock, substantially in the form attached hereto as Exhibits B and C respectively.
For purposes hereof, “Merger Transactions” shall mean the Merger and such other transactions as may be contemplated hereby or in connection herewith, including but not limited to those transactions described in Promissory Note Conversion Agreements and Preferred Stock Conversion Agreements and Lockup/Leak-out Agreements, forms of which are attached to this Agreement.
Immediately following the OrangeHook Preferred Conversion, the Nuvel Convertible Notes shall automatically and without further action of Nuvel or the holders thereof, convert into Nuvel Common Stock pursuant to the terms and conditions of the Note Conversion Agreements.