PIPE Notes definition

PIPE Notes means the Convertible Promissory Notes issued under the PIPE Loan Agreement by Legacy IMBDS to the PIPE Note Purchasers.
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PIPE Notes means those certain convertible notes issued by Company to the Common PIPE Buyers (as defined in the Securities Purchase Agreement) on the date hereof in the aggregate original principal amount of $1,000,000.
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PIPE Notes means those certain 8.00% (10.00% payment in kind) Convertible Notes with a maturity date of July 1, 2025, issued by Lead Borrower pursuant to the PIPE Note Purchase Agreement, and for which no payments or distribution, direct or indirect, other than pay in kind interest, shall be paid until full repayment of the Obligations.
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Examples of PIPE Notes in a sentence

  • PIPE NotesPursuant to the PIPE Loan Agreement, Legacy IMBDS issued the PIPE Notes to the PIPE Note Purchasers in an aggregate original principal amount totaling $3.5 million, with a maturity date of March 31, 2024.

  • As of the Petition Date, the Debtors had approximately $129.7 million of funded principal debt and interest obligations, consisting of obligations under: (i) the Prepetition ABL Facility; (ii) the Synacor Seller Note; (iii) the Senior Unsecured Notes; (iv) the Growth Capital Partners Note; (v) the PIPE Notes; and (vi) the guaranty by Legacy IMBDS of the obligations of its wholly-owned German subsidiary under the 123TV Seller Note (each as defined below).

  • As of the Petition Date, approximately $3.6 million in aggregate principal amount and accrued but unpaid interest remained outstanding on the PIPE Notes.The PIPE Notes are unsecured obligations of Legacy IMBDS and rank equally with all other unsecured debt of Legacy IMBDS.

  • Legacy IMBDS is the sole obligor under the PIPE Notes, and therefore, the PIPE Notes are structurally junior to the obligations of Legacy IMBDS’ subsidiaries.4. Trade ClaimsIn the ordinary course of business, the Debtors incur obligations to vendors, suppliers, and trade counterparties.

  • Interest on the PIPE Notes accrued at a per annum rate equal to 7.75%, increasing to 15.00% on January 1, 2024.

  • The Investor hereby represents and warrants to the Company that it is the record and beneficial owner of, and has good and marketable title to, each of the Hanover PIPE Notes, free and clear of any and all liens, security interests, charges or encumbrances, agreements, voting trusts, proxies or other arrangements or restrictions of any kind whatsoever.

  • Provided that the Company has filed all reports (other than reports required to be filed on Form 8-K) required to be filed under Section 13(a) of the Securities Exchange Act of 1934, as amended, the Conversion Amount shall automatically be exchanged for PIPE Notes at the Exchange Ratio in the event the Company consummates the PIPE Financing within the time required.

  • However, the decline in revenue was too great, and Verilink concluded it could not comply with the terms of the PIPE Notes and its other debt obligations, thus leading to the filing of these cases on April 9, 2006.

  • Secured ClaimsAs detailed herein above, pursuant to the Sale Order, the Debtors paid the holders of the PIPE Notes $5,700,000 in full satisfaction of their secured claims against the Debtors and mutual releases were exchanged.

  • Additional warrants were issued in March 2006 the holders of the PIPE Notes in connection with the amendment of the senior notes.


More Definitions of PIPE Notes

PIPE Notes means up to $12,075,000 in aggregate principal amount of the Company's 12% Convertible Notes due May __, 2007.
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PIPE Notes means, collectively, the Unsecured Convertible Notes issued by Summit pursuant to the Waiver and Amendment payable to the Noteholders in the original aggregate principal amount of $1,000,000, as the same now exist or may hereafter be amended, modified, supplemented, renewed, restated or replaced.
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PIPE Notes means, collectively, the unsecured convertible notes issued by Parent payable to Investors in the aggregate principal amount of $1,000,000 pursuant to the Waiver and Amendment No. 1 to Registration Rights Agreement by and among Parent and the Investors, substantially in the form included as Exhibit A to this Amendment No. 1.
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Related to PIPE Notes

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2028 Notes has the meaning specified in the recitals of this First Supplemental Indenture.

  • B Notes means each of Note B-1 and Note B-2.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • DTC Notes means Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC. All of the Notes will be DTC Notes at issuance.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Notes shall have the meaning assigned to such term in the recitals.

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Seller Notes means any promissory note or notes issued by the Borrower or a Restricted Subsidiary of the Borrower in respect of any acquisition permitted hereunder as consideration in connection with such acquisition, but that is not in the nature of an earn-out obligation or similar deferred or contingent obligation.

  • Indenture Notes means the Notes.

  • Subsequent Notes means any Notes issued after the First Issue Date on one or more occasions.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • Series D Notes is defined in Section 1.

  • Public Notes means the Notes that have been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. As of the Closing Date, the Public Notes include the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, other than any Notes held by the Depositor (or any other entity whose separate existence from the Trust is disregarded for federal income tax purposes).

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • 2013 Notes means the 4.375% Senior Secured Notes due 2023 and the 5.950% Senior Secured Notes due 2043 issued by the Issuer on March 18, 2013.

  • 2024 Notes means the 7.625% unsecured notes due April 15, 2024, issued pursuant to the 2009 Notes Indenture.