Examples of Pac Road in a sentence
The Borrowers shall not drawdown credit for the purpose of paying any principal amount of Indebtedness owing (A) to Mubadala pursuant to the First Mubadala Convertible Debenture or (B) to Pac Road pursuant to the Pac Road Convertible Debentures.
On April 9, 2020, Pacific Road exercised its pre-existingnon-dilution right pursuant to an investment agreement and acquired 461,947 Common Shares for proceeds to the Company of $2.85 million and $9.28 million aggregate principal amount of 5-year convertible notes (the Pac Road Non-Dilution Financing).
The Company intends to use the proceeds from the Pac Road Non-Dilution Financing for general corporate and working capital purposes.
The Borrowers shall not drawdown credit under either Credit Facility for the purpose of paying any principal amount of Indebtedness owing (A) to Mubadala pursuant to the First Mubadala Convertible Debenture or (B) to Pac Road pursuant to the Pac Road Convertible Debentures.