Examples of Series B-1 Note in a sentence
Initially, each Series A1 Note and Series B1 Note shall be registered in the name of CEDE & CO., as the nominee of The Depository Trust Company.
In accordance with Section 6.1 of the Indenture, the Series B-1 Notes will be subject to optional redemption by the Company as provided in the form of Series B-1 Note attached as Exhibit A hereto.
Redeemable convertible preferred stock liability In connection with the issuance of shares of Series B-1 (Note 8), the Series B-1 preferred stockholders committed to purchase and the Company committed to sell 3,569,630 shares of Series B-2 at a price of $11.20563 per share in a subsequent closing, contingent upon the achievement of certain developmental milestones or a receipt of a waiver of achievement of the milestones.
The Series B-1 Note shall be payable from payments on the corresponding Borrower Note Series B- 1 and the Series B-2 Note shall be payable from payments on the corresponding Borrower Note Series B-2.
The maturity of this Series B1 Note is subject to acceleration upon the occurrence and during the continuance of the Events of Default specified in the Indenture.
Holder is the holder of that certain Series B-1 Note, that Series B-2 Note and that Series C Note issued by Maker, dated as of even date herewith, in connection with and the Ashdown Project Purchase Agreement and the Modification Agreement (jointly, the “Series B and C Notes”).
Borrower Loan advances and Funding Loan advances shall be allocated first to the Borrower Note Series B-1 and related Series B-1 Note and, once the foregoing notes have been fully funded, then to the Borrower Note Series B-2 and related Series B-2 Note.
Owner shall pay (i) the ongoing fees and expenses of Mortgagee, and (ii) all reasonable out-of-pocket costs and expenses (including the reasonable fees and disbursements of counsel) incurred by Mortgagee or any Series G-1 and Series B-1 Note Holder attributable to any waiver, amendment or modification of any Operative Agreement to the extent requested by Owner.
Holder is the holder of that certain Series A Note, that Series B-1 Note and that Series C Note issued by Maker, dated as of even date herewith, in connection with and the Ashdown Project Purchase Agreement and the Modification Agreement (jointly, the “Replacement Notes”).
Each Holder of this Series B1 Note, by accepting the same, (a) agrees to and shall be bound by such provisions, (b) authorizes and directs the Indenture Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in the Indenture and (c) appoints the Indenture Trustee his attorney-in-fact for such purpose.