Examples of Former Holder in a sentence
The Debenture is secured by all collateral granted by the Company and its affiliates to the Former Holder, in accordance with the terms and conditions of the Assignment Agreement.
As of December 31, 2010 the Former Holder sold, transferred, and assigned to Mx. Xxxxx Xxxxxxx (the “Holder”) a portion of the Original Debenture (as defined herein) representing $341,123 of the outstanding principal balance at such time, along with the corresponding accrued and unpaid interest thereon of $227,140.
The Surviving Corporation, Parent and each of their subsidiaries (collectively, the “Acquirers” or individually, the “Acquirer”) hereby irrevocably waive, consent to and covenant not to assert any objection, based on conflict of interest or otherwise, to any representation of any Former Holder by Pillsbury in any Merger Dispute.
The Company agrees that it will not convert any security into shares of Common Stock of the Company pursuant to any request by the Former Holder, or any assigns or transferees thereof (persons or entities receiving an interest in a convertible security from the Former Holder), after the date of this Note, while a balance remains due and owing under this Note.
In addition to the foregoing, with respect to each Former Holder who is an individual, in the event of the death of such Former Holder after the date hereof, the Transfer relating to the Usufruit received by such Former Holder in the Merger shall be deemed to have terminated and shall terminate as of the day preceding his or her death.