Convertible Note Certificates Sample Clauses

Convertible Note Certificates. Borrower must issue a Convertible Note Certificate to each Noteholder within two Business Days after the date the Noteholder subscribes for the Convertible Notes reflecting the amount of Convertible Notes held by the relevant Noteholder. The Convertible Note Conditions are deemed to be included or endorsed on the Convertible Note Certificate. If the Convertible Note Certificate becomes worn out or defaced, then on production of the Convertible Note Certificate to Borrower, Borrower must cancel it and issue a replacement Convertible Note Certificate. If a Convertible Note Certificate is lost or destroyed, Borrower must issue a duplicate Convertible Note Certificate in its place on application in writing by the relevant Noteholder accompanied by the following: (i) a statutory declaration or such other evidence as Borrower may reasonably require that: (A) the Convertible Note Certificate has been lost or destroyed; and (B) if the Convertible Note Certificate has been lost, proper searches for it have been made; and (ii) a written undertaking that if the original Convertible Note Certificate is found or received by the relevant Noteholder, it will be returned to Borrower.
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Convertible Note Certificates. 9.1 On conversion On each occasion which the Investor delivers a Conversion Notice to the Issuer, that Investor must also deliver or procure the delivery of the related Convertible Note Certificate. To the extent that the Investor on any occasion does not convert all of the Convertible Notes to which a Convertible Note Certificate relates, the Issuer must issue and deliver a replacement Convertible Note Certificate for the balance to the Investor on the date on which it issues the Shares resulting from the conversion.
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Convertible Note Certificates. The Company will, if required by the Investor, issue to the Investor a Convertible Note Certificate in respect of the Investor's Convertible Notes. The Company may issue to the Investor:
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Related to Convertible Note Certificates

  • Convertible Notes The Convertible Notes are subject to different conversion calculations depending on the event triggering conversion as described in the Notes (e.g., an IPO or other liquidity event). For illustration purposes, assuming the optional conversion right is exercised today, based on the current capitalization and the $50,000,000 assumed valuation specified for an optional conversion in the Notes, there would be 4,705,224 additional shares issued; provided however, that each holder of Notes is subject to a maximum 9.99% ownership of the shares of capital stock of the Company at any one time. This illustration calculation does not account for the 6% interest component.

  • Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations The aggregate principal amount of the Certificates that may be authenticated and delivered under this Agreement is limited to the aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date, as specified in the Preliminary Statement to this Agreement, except for Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates pursuant to Section 5.03. Such aggregate principal amount shall be allocated among one or more Classes having designations, types of interests, initial per annum Certificate Interest Rates, initial Class Principal Balances and Final Maturity Dates as specified in the Preliminary Statement to this Agreement. The aggregate Percentage Interest of each Class of Certificates of which the Class Principal Balance equals zero as of the Cut-Off Date that may be authenticated and delivered under this Agreement is limited to 100%. Certificates shall be issued in Authorized Denominations.

  • Convertible Note 9 Section 3.8

  • REMIC Certificate Maturity Date Solely for purposes of satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest possible maturity date" of the regular interests in the Upper-Tier REMIC, Middle-Tier REMIC and Lower-Tier REMIC is October 25, 2035.

  • Class A Certificates 7 Class I-A Certificates.........................................................................7 Class I-B-1 Certificates.......................................................................8 Class I-B-2 Certificates.......................................................................8 Class I-B-3 Certificates.......................................................................8 Class I-B-4 Certificates.......................................................................8 TABLE OF CONTENTS (continued) Class I-B-6 Certificates.......................................................................8 Class II-A Certificates........................................................................8 Class II-B-1 Certificates......................................................................8 Class II-B-2 Certificates......................................................................8 Class II-B-3 Certificates......................................................................8 Class II-B-4 Certificates......................................................................8 Class II-B-5 Certificates......................................................................8 Class II-B-6 Certificates......................................................................8

  • Term Notes The Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Term Note to such Lender.

  • Payment of Debentures (a) The Company shall pay the principal of and premium, if any, and interest (including interest accruing during an Extension Period and/or on or after the filing of a petition in bankruptcy or reorganization relating to the Company, whether or not a claim for post-filing interest is allowed in such proceeding) on the Debentures on or prior to the dates and in the manner provided in such Debentures or pursuant to this Junior Indenture. An installment of principal, premium, if any, or interest shall be considered paid on the applicable due date if on such date the Trustee or the Paying Agent holds, in accordance with this Junior Indenture, money sufficient to pay all of such installment then due. With respect to any Debenture, the Company shall pay interest on overdue principal and interest on overdue installments of interest (including interest accruing during an Extension Period and/or on or after the filing of a petition in bankruptcy or reorganization relating to the Company, whether or not a claim for post-filing interest is allowed in such proceeding), to the extent lawful, at the rate per annum borne by such Debenture, compounded quarterly. Interest on overdue interest shall accrue from the date such amounts become overdue.

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