1Assignment. Prior to the effectiveness of this Agreement, the Assignor’s portion of the Loan is US$____________ or ___% of the Loan, of which US$____________ is currently outstanding (the “Assignor’s Outstanding Amount”). Pursuant to Section 12, of the Loan Agreement, the Assignor hereby sells, transfers and assigns ·% (the “Assigned Percentage”) of its portion of the Loan equal to ·% of the Loan and representing US$______________ (the “Assigned Loan”) under the Loan Agreement and an undivided share of its right, title and interest in, to and under the Loan Agreement, the Note and the other Loan Documents to the Assignee to the extent of the Assigned Loan.
Appears in 2 contracts
Sources: Convertible Loan and Security Agreement (Vuzix Corp), Convertible Loan and Security Agreement (Vuzix Corp)
1Assignment. Prior to the effectiveness of this Agreement, the Assignor’s 's portion of the Loan is US$____________ or ___% of the Loan, of which US$____________ is currently outstanding (the “"Assignor’s 's Outstanding Amount”"). Pursuant to Section 12, of the Loan Agreement, the Assignor hereby sells, transfers and assigns ·% (the “"Assigned Percentage”") of its portion of the Loan equal to ·% of the Loan and representing US$______________ (the “"Assigned Loan”") under the Loan Agreement and an undivided share of its right, title and interest in, to and under the Loan Agreement, the Note and the other Loan Documents to the Assignee to the extent of the Assigned Loan.
Appears in 1 contract
Sources: Convertible Loan and Security Agreement (Lc Capital Master Fund LTD)