Examples of Tethys Common Stock in a sentence
The maximum principal amount of the Senior Notes which the Purchasers shall collectively be entitled to convert from time to time into Tethys Common Stock pursuant to this Section 10.8 shall not exceed US$10million.
The Note Purchase Agreement is hereby amended nunc pro tunc by the deletion of Section 11.7 in its entirety (to the effect that with effect from the date of this Agreement the Subordinated Noteholders shall no longer have the right to convert all or a portion of their Subordinated Notes into Tethys Common Stock).
For the avoidance of doubt, in the event that the holders of the Notes elect to convert their Notes into Tethys Common Stock pursuant to this Section 10.8, the shares of Tethys Common Stock which the relevant Noteholders shall be entitled to receive upon conversion pursuant to this Section shall be satisfied by the transfer of such number of shares of Tethys Common Stock by CanArgo Limited, a company incorporated under the laws of the Bailiwick of Guernsey, to the relevant Noteholder.
A legend to this effect shall be set forth on the face of each Note and Warrant and absent an effective registration under the Securities Act each certificate evidencing any shares of Common Stock and Tethys Common Stock issued upon their respective conversion or exercise.
CanArgo and the Senior Noteholders wish to amend the Note Purchase Agreement such that an aggregate of $10,000,000 of the entire principal amount of the Senior Secured Notes shall be converted into Tethys Common Stock pursuant to a Conversion Agreement (the “Senior Conversion Agreement”) dated as of June 5, 2007, among (1) CanArgo, (2) the holders of the Senior Notes (each hereby referred to as a “Senior Noteholder” and collectively as the “Senior Noteholders”) and (3) CanArgo Limited.