Subordinated Convertible Notes definition
Examples of Subordinated Convertible Notes in a sentence
This Note is one of a series of 12% Subordinated Convertible Notes in the aggregate principal amount of $13,250,000, of which $10,000,000 is being issued to Capitol American Life Insurance Company pursuant to a Securities Purchase Agreement dated as of April 11, 1997 ("Securities Purchase Agreement") and the balance are being issued to the Holder and other stockholders of the Maker in exchange for the surrender of certain promissory notes payable to them by the Maker.
The Secured Obligations are hereby designated as “Designated Senior Debt” for purposes of the 2008 Subordinated Convertible Notes and the 2008 Subordinated Convertible Notes Indenture.
The Modified Securities shall be known and designated as the “5.50% Senior Subordinated Convertible Notes due 2014” of the Company.
The Company established the Original Securities designated as the “5.50% Senior Subordinated Convertible Notes due June 15, 2022” of the Company.
All of the 5.75% Subordinated Convertible Notes issued pursuant to the Note Purchase Agreement are referred to herein as the "Notes." Upon (i) full payment of all principal and accrued interest under this Note, or (ii) conversion of this Note as provided herein and irrevocable full payment of all amounts due under this Note, all rights of the holder of this Note and all obligations of the Company hereunder shall terminate.