Examples of Note Conversion Date in a sentence
On conversion, Lender will be entitled to any accrued but unpaid interest on the converted principal amount of this Note which has not been converted into shares of Common Stock as described above through the Note Conversion Date.
On Conversion, Lender will be entitled to any accrued but unpaid interest on the converted principal amount of this Note which has not been converted into Common Shares as described above through the Note Conversion Date.
The conversion price for this Note shall be equal to Ten Cents ($0.10) per share.If Lender undertakes the Conversion, Lender shall notify Borrower of the Conversion (the “Conversion Notice”) including the amount of the principal balance of the Note plus accrued interest up to, but not including, the Note Conversion Date (as defined below) to be converted.
The “Note Conversion Rate” is subject to adjustment prior to the Note Conversion Date as provided in this Section 8.
If Lender undertakes the Conversion, Lender shall notify Borrower of the Conversion (the “Conversion Notice”) including the amount of the principal balance of the Note plus accrued interest up to, but not including, the Note Conversion Date (as defined below) to be converted.
On the Convertible Note Conversion Date, the Investor shall deliver to the Company this Note, or, if this Note has been lost or stolen, an affidavit and indemnification agreement in form and substance reasonably satisfactory to the Company, and the Company shall issue and deliver to the Investor a certificate for the number of shares of Common Stock issuable upon such conversion in accordance with the provisions hereof (rounded down to the nearest whole share).
In the event that such investment banking or nationally recognized accounting firm shall not have determined the Going Concern Value of the Company on or prior to the Convertible Note Conversion Date, then the Convertible Note Conversion Date shall be deemed extended for such period as shall be necessary for such investment banking firm or accounting firm to finish such determination.
The Lenders will advance the proceeds of the Equipment Loan to the Borrower from time to time, as requested by the Borrower, prior to the Second Equipment Loan Note Conversion Date.
Distributions on the Preferred Units shall be payable, when and as declared, semi-annually, in arrears, no later than December 31 and June 30 of each year commencing on the June 30 or December 31 next following the applicable Note Conversion Date (each such date, a "Distribution Payment Date"), except that if any such date is not a Business Day, then such dividend shall be paid on the next succeeding Business Day.
In addition, the Company shall have the option of entering into an interest rate protection agreement for all amounts outstanding under the Draw Note after the Draw Note Conversion Date.