Common use of Trigger Date Clause in Contracts

Trigger Date. On the Trigger Date, the Company shall pay to the Holder in cash the entire outstanding principal amount of this Debenture, together with all accrued and unpaid interest thereon, the applicable Exit Fee and any other amounts due hereunder; provided that, if the Trigger Conditions are satisfied as of such date, this Debenture shall be exchanged for an Amended and Restated Senior Secured Convertible Debenture of the Company in the agreed form provided for in the Purchase Agreement and on the terms and conditions set forth therein (the “A&R Debenture”).