Examples of Rollover Note in a sentence
All parties now and hereafter liable with respect to this Rollover Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind.
Upon the occurrence of any one or more of the Events of Default specified in the Loan Agreement all amounts then remaining unpaid on this Rollover Note may become, or may be declared to be, immediately due and payable, all as provided therein.
This Note is the Rollover Note referred to in the Bridge Loan Agreement dated as of February 19, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) among Company, the financial institutions from time to time party thereto and Deutsche Bank AG Cayman Islands Branch, as administrative agent, and is entitled to the benefits thereof and of the other Loan Documents (as defined in the Loan Agreement).
Any such exchanging Lender shall deliver its Rollover Note, if any, to the Administrative Agent within three Business Days following delivery of an Exchange Notice.
So long as any Rollover Note or Exchange Security, as the case may be, is held by any Affiliate of Cerberus Capital Management, L.P., Consolidated EBITDA of the Parent and its Subsidiaries for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter ending during the period from the Exchange Date through the Maturity Date shall not be less than $35,000,000.
Any amendment or waiver consented to as provided in this Section 15 applies equally to all Holders of Notes or Rollover Notes and is binding upon them, upon each future Holder of any Note or Rollover Note and upon each Obligor without regard to whether such Note or Rollover Note has been marked to indicate such amendment or waiver.
The holder’s tax basis in its Rollover Note will be reduced by a like amount.
Each Lender and Rollover Lender acknowledges that by the operation of Section 7(b) hereof, the Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender or Rollover Lender under this Agreement and each Note issued to such Lender or Rollover Note issued to such Rollover Lender.
Except with respect to the Conversion Price, the issuance of Conversion Shares pursuant to the conversion of each Note or Rollover Note shall otherwise be upon and subject to the same terms and conditions applicable to the Equity Securities sold in the Qualified Financing.
The Joint Collateral Agent has been appointed to act as Joint Collateral Agent hereunder (i) by the Administrative Agent pursuant to the Intercreditor Agreement, (ii) the Rollover Note Trustee pursuant to the Intercreditor Agreement and (iii) by their acceptance of the benefits hereof, by the other Secured Parties.