Series A Convertible Notes definition
Examples of Series A Convertible Notes in a sentence
This Note represents one of a series of up to One Million Dollars ($1,000,000) principal amount of 10% Series A Convertible Notes (the "Notes") issued or to be issued by the Company.
In the event of the closing of the sale of the Preferred Stock and Convertible Notes described below, the principal balance of the Investor Senior Loan shall be cancelled as consideration for the purchase of the Series A Preferred Stock and Series A Convertible Notes by the Investors.
The consideration for the Series A Preferred Stock and the Series A Convertible Notes shall be cancellation of the outstanding principal balance of the Investor Senior Loan.
Following completion of the Offer, the Company shall prepay the principal and accrued interest on any Series A Convertible Notes and Series B-1 Exchangeable Notes that remain outstanding at such time.
The Series A Convertible Notes shall bear interest at the rate of ten percent (10%) per annum from the date of issuance, payable quarterly and at maturity.