Series B Convertible Notes definition
Examples of Series B Convertible Notes in a sentence
Effective as of the date hereof, and in accordance with Section 10.08 of the Loan Agreement, Agent and Lenders constituting at least the Requisite Lenders hereby (i) consent to (A) the issuance of the Series B Convertible Notes, the execution and delivery of the NPA and the other documents related thereto, and the incurrence of the Indebtedness under the NPA and (B) the execution and delivery of the October 2012 Charter Amendment and (ii) waive, ab initio, each Identified Event of Default.
Effective as of the date hereof, and in accordance with Section 10.08 of the Loan Agreement, Agent and Lenders constituting at least the Requisite Lenders hereby (i) consent to the issuance of the Series B Convertible Notes, the execution and delivery of the NPA and the other documents related thereto, and the incurrence of the Indebtedness under the NPA and (ii) waive, ab initio, each Identified Event of Default.
For purposes of this Section 3.2, “Exchange Documents” shall include the Commitment Letter dated July 9, 2020, by and between the Company and certain holders of the Series B Convertible Notes (including Annex A thereto, the “Commitment Letter”).
The Company previously authorized the issuance and sale to the Series B Outside Investors of convertible promissory notes of the Company in the aggregate principal amount of $10,000,000 (the "Series B Convertible Notes") and pursuant to a Note Purchase Agreement dated as of November 6, 1997 by and among the Company and the Series B Outside Investors (the "Note Purchase Agreement") issued and sold the Series B Convertible Notes to the Series B Outside Investors.
For purposes of this Section 1(e), “Operative Documents” shall include that certain Commitment Letter dated July 9, 2020, by and among the Company and certain holders of the Series B Convertible Notes (including Annex A thereto, the “Commitment Letter”).