Examples of Acquiror Note in a sentence
Concurrently with the issuance of the Acquiror Note to the Acquiree Noteholder the Acquiree Notes shall be cancelled.
The Acquiror Note will be imprinted with a legend substantially in the following form: The payment of principal and interest on this Note is subject to certain recoupment provisions set forth in a Merger Agreement dated as of April 29, 1997 (the "Merger Agreement") among the issuer of this Note and the person to whom this Note originally was issued and others.
District will not invest in these investment types unless specifically authorized by the Board.
At the Closing, (i) the Acquiree Shareholder shall transfer all of the Shares, representing all of the issued and outstanding Ordinary Shares of the Acquiree, to the Acquiror, and (ii) in consideration therefor, subject to Section 2.02, Acquiror shall issue an aggregate of 91,240,000 fully paid and nonassessable shares of Acquiror Common Stock and the Acquiror Note (the “Share Exchange”).
A Company Shareholder who subscribes for Newco Equity Securities may, at its option, pay all or a portion of the purchase price for such Newco Equity Securities by transferring to Newco the Acquiror Note payable to such Company Shareholder, and Newco will treat each Acquiror Note so transferred as if it were cash in an amount equal to its principal amount plus the amount of accrued and unpaid interest at the date so transferred.
The Acquiror Note shall be subject to a subordination agreement made by one or more of the Parties in favor of one or more lenders of Acquirors.
Each of Acquirors shall have the option of recouping all or any part of any Adverse Consequences it may suffer (in lieu of seeking any indemnification to which it is entitled under this ss.8) by notifying both Target 1 and Target 2 that it is reducing the principal amount outstanding and other amounts payable under the Acquiror Note.
This shall affect the timing and amount of payments required under the Acquiror Note in the same manner as if Acquirors had made a permitted prepayment (without premium or penalty) thereunder.
But, with respect to a set-off or deduction against an Acquiror Note with respect to an indemnification claim which has been determined to be valid and the amount of Damages determined, set-off or deduction against the principal of the Acquiror Note shall be deemed to have occurred as of the date of the delivery of the Acquiror's Certificate for purposes of calculating interest accruing on the Acquiror Note.