The New Convertible Notes Clause Samples

The New Convertible Notes. The New Convertible Notes shall be issued in the aggregate principal amount of Thirty-Five Million Dollars ($35,000,000). The New Convertible Notes shall be dated the Closing Date. The aggregate amount of the New Convertible Notes shall, subject to the provisions for repurchase, optional redemption, conversion and acceleration contained herein, mature and be payable in full on the Maturity Date. Unless previously converted pursuant to this Agreement, the New Convertible Notes constitute direct unsecured, senior obligations of the Company. The New Convertible Notes shall be executed on behalf of the Company by a Responsible Officer.