Examples of Rollover Note in a sentence
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.
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.
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.
Guarantors have agreed to guarantee the obligations of Company hereunder and to secure their respective Obligations and Rollover Note Obligations by granting to Joint Collateral Agent, for the benefit of Secured Parties and subject to the provisions of the Intercreditor Agreement, a First Priority Lien on substantially all of their respective assets, including a pledge of all of the Capital Stock of each of their respective Subsidiaries which are or become Guarantors and all intercompany debt.
If the Administrative Agent, the Rollover Note Trustee, any Lender or any Rollover Noteholder shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Joint Collateral Agent in accordance with the terms of this Agreement.
Notes or Rollover Notes shall not be transferred in denominations of less than $100,000; provided that, if necessary to enable the registration of transfer by a Holder of its entire holding of Notes or Rollover Notes, one Note or Rollover Note may be in a denomination of less than $100,000 and that any notes issued in connection with the registration statement referred to in Section 7.3 shall not be transferred in denominations less than $1,000.
Each such new Note or Rollover Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Notes or Rollover Notes or dated the date of the surrendered Notes or Rollover Notes if no interest shall have been paid thereon.
No Grantor shall assign any right, duty or obligation hereunder except as otherwise permitted under and in accordance with the Credit Agreement or the Rollover Note Indenture, and any such assignment shall be null and void.
The number of Conversion Shares to be issued upon such conversion shall be equal to the quotient obtained by dividing the outstanding principal and unpaid accrued interest on a Note or Rollover Note to be converted on the date of conversion, by the Conversion Price.