2017 Notes Clause Samples
The "2017 Notes" clause defines and references a specific set of debt instruments, typically promissory notes or bonds, that were issued in the year 2017. This clause clarifies which financial instruments are being discussed or governed by the agreement, often by specifying their issuance date, principal amount, or other identifying features. By clearly identifying the 2017 Notes, the clause ensures that all parties understand exactly which obligations or rights are being addressed, thereby preventing confusion and ensuring precise application of the contract's terms to these particular notes.
2017 Notes. Prior to, or substantially concurrently with the occurrence of the Effective Date, Calpine Corporation shall have issued the 2017 Notes and the Borrower shall have received all or a portion of the net cash proceeds therefrom as capital equity in the form of common equity or preferred equity reasonably acceptable to the Administrative Agent, to be applied to the repayment of the 2013 Credit Agreement.
2017 Notes. On November 11, 2019 and on each February 11, May 11, August 11 and November 11 thereafter to and including May 11, 2024 the Company will prepay $16,250,000 principal amount (or such lesser principal amount as shall then be outstanding) of the 2017 Notes at par and without payment of the Make-Whole Amount or any premium, provided that upon any partial prepayment of the 2017 Notes pursuant to Section 8.1(b), (c) or (d), Section 8.2 or Section 8.6 or any partial purchase of the 2017 Notes pursuant to Section 8.5, the principal amount of each required prepayment of the 2017 Notes becoming due under this Section 8.1(a)(iii) on and after the date of such prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of the 2017 Notes is reduced as a result of such prepayment or purchase.
2017 Notes. The 2017 Notes may be redeemed in whole at any time or in part from time to time, at the Company’s option, at the greater of 100% of the principal amount of the 2017 Notes being redeemed, or a make-whole redemption price determined by using a discount rate of the applicable Treasury Rate plus 30 basis points.
2017 Notes. The 2017 Noteholders shall be deemed to have acquired the 2017 Notes in reliance upon the provisions contained in this Amendment and the parties hereby agree that the holders of the 2017 Notes are third party beneficiaries entitled to enforce and rely on the provisions of Section 5 of this Amendment as if parties hereto. The parties shall not be entitled to waive or amend any provision of Section 5 of this Amendment without the written consent of the holders of all of the 2017 Notes.
2017 Notes. As previously reported on the Company’s Annual Reports on Forms 10-K for the years ending December 31, 2017, December 31, 2018, and December 31, 2019, the Company sold convertible promissory notes in the aggregate principal amount of $2,046,730 (together, the “2017 Notes”). The 2017 Notes matured 90 days from the date of issuance, bear interest at 8% per annum and were convertible into the Company’s common stock at $0.63 per share, which represented a 10% discount to the price used for the sale of the Company’s common stock at the commitment date. During the six months ended principal and interest of $1,163,354 and $258,714 were exchanged for common stock and warrants with an aggregate fair value of $1,422,068. The 2017 Notes are no longer convertible. As of the date of this Agreement, outstanding principal and interest is $7,000 and $4,546, respectively. See Schedule 3(x). N/A.
2017 Notes. At the Closing Date, the Company shall have accepted all 2017 Notes tendered in the Tender Offer and executed the Supplemental Indenture or shall have terminated the Tender Offer in accordance with the Offer to Purchase and the Company shall have delivered irrevocable notice to the 2017 Notes Trustee of the redemption of all outstanding 2017 Notes (after giving effect to the 2017 Notes purchased in the Tender Offer on the Early Settlement Date (as defined in the Offer to Purchase), if any) and shall have satisfied and discharged the 2017 Notes.
2017 Notes