Examples of Subordinated Note Agreement in a sentence
For all purposes of this Subordinated Note Agreement, the Senior Indebtedness shall not be deemed to have been paid in full until the latest of (A) the payment in full in cash of all of the Senior Indebtedness and the expiration or termination of all of the commitments of the Secured Parties and the other holders of any of the Senior Indebtedness thereunder, (B) the expiration or termination of all of the Bank Hedge Agreements and (C) the Termination Date.
On August 3, 2005, the Company entered into a $20,000,000 Convertible Subordinated Note Agreement with a qualified investor limited partnership.
If the Subordinated Lender, in contravention hereof, shall commence, prosecute or participate in any Insolvency Proceeding, then the Senior Representative may intervene and interpose as a defense or plea the terms of this Subordinated Note Agreement in its own name or in the name of the Subordinated Lender.
Agreement - this Subordinated Note Agreement, as the same may be modified --------- or amended from time to time.
The Conversion Price described in Section 11 of the Convertible Subordinated Note Agreement is hereby reduced to $12.00 per share of MTI's Common Stock.