Rollover Note definition
Examples of Rollover Note in a sentence
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).
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.
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.
The Directing Party may, at any time, remove the Joint Collateral Agent and appoint a successor Joint Collateral Agent (reasonably acceptable to the Rollover Note Trustee if at such time the Directing Party is the Administrative Agent), such removal to be effective upon the acceptance of such appointment by the successor Joint Collateral Agent.
A holder’s tax basis in a Rollover Note will be increased by the amount of any OID included in income and reduced by any cash received (other than payments of stated interest) made with respect to such note.
Adaptive or shock-responsive social-protection programs that expand the amounts disbursed or the number of beneficiaries after a natural disaster hits have been shown to be effective in the region, including in Ecuador, Haiti, and Peru (Beazley, Solórzano and Sossouvi 2017).
In addition, the aggregate principal amount of any Note Purchase, which is not a Rollover Note Purchase, during the Revolving Period shall not exceed the product of (x) the aggregate Principal Balance of Eligible Loans to be financed by such Note Purchase, multiplied by (y) the Requested Note Purchase Percentage related thereto.
The Company may at any time, by notice to each Holder of a Note or Rollover Note, change the place of payment of the Notes or Rollover Notes so long as such place of payment shall be either the principal office of the Company in such jurisdiction or the principal office of a bank or trust company in such jurisdiction.