Other Convertible Notes definition

Other Convertible Notes means Indebtedness of the Borrower (other than the Existing Convertible Notes) that is convertible into common stock of the Borrower (and cash in lieu of fractional shares), cash (in an amount determined by reference to the price of such common stock), or a combination thereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Other Convertible Notes means, collectively, all senior secured convertible notes issued on the Closing Date by the Company pursuant to the Other Exchange Agreements, and shall include all senior convertible secured notes issued in exchange therefor or replacement thereof.

Other Convertible Notes means Indebtedness of the Borrower (other than the Convertible Notes) that is convertible into common stock of the Borrower (and cash in lieu of fractional shares), cash (in an amount determined by reference to the price of such common stock), or a combination thereof; provided that the Indebtedness thereunder is permitted to be incurred under Section 6.1 and satisfies the following requirements: (i) the final maturity date of any such Indebtedness shall be on or after the date that is 91 days after the Latest Term Loan Maturity Date in effect on the date of incurrence (it being understood that neither (x) any provision requiring an offer to purchase such Indebtedness as a result of change of control, asset sale or fundamental change nor (y) any early conversion or settlement of such Indebtedness in accordance with the terms thereof shall violate the foregoing restriction), (ii) such Indebtedness is not guaranteed by any Subsidiary of the Borrower other than the Guarantor Subsidiaries (which guarantees, if such Indebtedness is subordinated, shall be expressly subordinated in right of payment to the Obligations) and (iii) the terms, conditions and covenants of such Indebtedness shall be such as are customary for convertible indebtedness of such type (as determined by the board of directors of the Borrower in good faith).

Examples of Other Convertible Notes in a sentence

None of the proceeds of the $500,000 Convertible Note or the other secured convertible promissory notes to AMCON in the aggregate principal amount of $750,000 (the "Other Convertible Notes") have been or will be used for any purposes other than (a) providing working capital and other general corporate purposes of HNWC, and (b) to redeem the HNWC Series A Convertible Preferred Stock or Series B Convertible Preferred Stock or both, in each case, outstanding as of September 29, 2000.
None of the ------------------------------------- proceeds of the $500,000 Convertible Note or the Other Convertible Notes, or any other loans or advances made by AMCON or its subsidiaries to HNWC have been or will be used for any purposes other than (a) providing working capital and other general corporate purposes of HNWC, and (b) to redeem the HNWC Series A Convertible Preferred Stock or Series B Convertible Preferred Stock or both, in each case, outstanding as of September 29, 2000.
All payments due under this Note shall rank pari passu with all Other Convertible Notes and shall be subordinate and subject to prior payment in full of all indebtedness and other liabilities and obligations of the Maker under its loan and security agreement with ACF F▇▇▇▇ I LP, dated August 31, 2016, as amended, and related revolving credit note and other associated documents.
The principal amount due under this Note shall be reduced, pro rata with the principal amounts due under the Other Convertible Notes and the promissory note issued by the Maker to W▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇., dated even date herewith, by the amount of Damages, if any, to the Purchaser Indemnified Parties under Sections 6.2 and 6.3 of the Merger Agreement.

More Definitions of Other Convertible Notes

Other Convertible Notes means (i) that certain convertible promissory notes issued by NewComm to TEM Puerto Rico, as a successor in interest to Telefónica Larga ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇., ▇▇ ▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇, (▇▇) that certain second convertible promissory notes issued by NewComm to TEM Puerto Rico, as a successor in interest to Telefónica Larga Distancia de Puerto Rico, Inc., on December 15, 2000, (iii) that certain third convertible promissory notes issued by NewComm to TEM Puerto Rico, as a successor in interest to Telefónica Larga Distancia de Puerto Rico, Inc., on May 1, 2001, (iv) that certain fourth convertible promissory notes issued by NewComm to TEM Puerto Rico, as a successor in interest to Telefónica Larga Distancia de Puerto Rico, Inc., on May 20, 2002 and (v) that certain fifth convertible promissory notes issued by NewComm to TEM Puerto Rico, as a successor in interest to Telefónica Larga Distancia de Puerto Rico, Inc., on December 27, 2002.

Other Convertible Notes the five convertible notes in the principal amounts of HK$15,000,000.00, HK$105,000,000.00, HK$20,000,000.00, HK$5,000,000.00 and HK$50,000,000.00 respectively issued by the 207 Company pursuant to the Notes Subscription Agreements;

Other Convertible Notes shall have the meaning provided in Section 10.1(aa).

Other Convertible Notes means Indebtedness of the Borrower that is convertible into common stock of the Borrower (and cash in lieu of fractional shares) and/or, at the option of the Borrower, in cash (in an amount determined by reference to the price of such common stock).