Examples of Series B-1 Note in a sentence
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.
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.
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.
Simultaneously with the issuance of the Series B-1 Bonds, the Issuer will issue its Subordinate Senior Housing Revenue Bonds (Montevista Senior Apartments Project), 2019 Series B-2 in the aggregate principal amount of $6,480,000 (the “Series B-2 Bonds,” and together with the Series B-1 Bonds, the “Bonds”) as more fully set forth in the Indenture, which Series B-2 Bonds are subordinate to the Series B-1 Montevistaa Senior Apartments Series B-1 Note Bonds.
Redeemable convertible preferred stock liabilityIn 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 Bond shall be subject to mandatory redemption in whole on the date of the payment of the Series B-1 Note and the Series 2015I Bond shall be subject to mandatory redemption in whole on the date of payment of the Series 2015I Note.