Reference Date. The Company will have the right to set a reference date for the conversion of accrued interest under this Note (which reference date shall be no sooner than two (2) days prior to the applicable date of the SPAC Merger closing, Event of Default, Dissolution Event, or Maturity Date), such that interest accrued through such reference date will be converted and interest shall cease accruing after such reference date.
Appears in 4 contracts
Sources: Side Letter to the Note Purchase Agreement (Mkango Rare Earths LTD), Note Purchase Agreement (Mkango Rare Earths LTD), Side Letter to the Note Purchase Agreement (Mkango Rare Earths LTD)