Senior Secured Convertible Note definition
Examples of Senior Secured Convertible Note in a sentence
The undersigned hereby elects to convert principal under the Original Issue Discount Senior Secured Convertible Note due ______ __, 2013 of Magnolia Solar Corporation, a Nevada corporation (the “Company”), into shares of common stock (the “Common Stock”), of the Company according to the conditions hereof, as of the date written below.
The undersigned hereby elects to convert the principal amount of the Senior Secured Convertible Note issued by ONTRAK, INC.
Each of the Senior Secured Note, the Senior Secured Convertible Note and the Additional Investment Note provide, and any other Principal Notes purchased by the Secured Party may provide, for interest to be paid in kind in the form of additional secured promissory notes (the “Additional Promissory Notes”, and together with the Principal Notes, the “Promissory Notes”).
CVSL issued that certain 9.75% Senior Secured Convertible Note (the “Note”) in the aggregate original principal amount of $4,000,000 to Dominion (or its registered assigns) on November 20, 2016.
This Warrant is being issued in connection with the purchase of a 10% Senior Secured Convertible Note due [ ], 2022 (the “Note”) of the Company pursuant to that certain Securities Purchase Agreement, dated [ ], 2021 (the “Purchase Agreement”) between the Company and the Holder.
The Buyer hereby agrees to purchase from the Company a 6% Senior Secured Convertible Note due 2001 in the principal amount set forth on the signature page of this Agreement, having the terms and conditions in the form thereof attached hereto as ANNEX I (the "Note") for the aggregate purchase price set forth on the signature page of this Agreement (the "Purchase Price").
The undersigned hereby elects to convert principal under the 6% Senior Secured Convertible Note (the “Note”) due April 15, 2015 of GrowLife, Inc.
Subject to the terms and conditions of this Agreement, at the Closing, AIRNET will issue and sell to each of the INVESTORS one (1) Senior Secured Convertible Note (a "Note"), and each INVESTOR will subscribe for and purchase one (1) such Note from AIRNET.
This Senior Secured Convertible Note (including all Senior Secured Convertible Notes issued in exchange, transfer or replacement hereof, this "Note") is one of an issue of Senior Secured Convertible Notes issued pursuant to the Securities Purchase Agreement (as defined below) on the Closing Date (as defined in the Securities Purchase Agreement) (collectively, the "Notes" and such other Senior Secured Convertible Notes, the "Other Notes").
Pursuant to the terms of an 8% Senior Secured Convertible Note by and between the Debtor and each Holder (as amended, restated, supplemented or otherwise modified, the “Note” and collectively, the “Notes”; capitalized terms used in this Agreement shall have the meanings set forth in the Note unless specifically defined herein), the Holders have agreed to make loans to the Debtor (the “Loans”), as offered by that certain Private Placement Memorandum dated _______________, 2008 (the “Offering”).