Bridge Note Holders definition
Examples of Bridge Note Holders in a sentence
Secured Party shall distribute all proceeds from the sale or other disposition of Collateral to all of the Bridge Note Holders on a pro rata basis based on the outstanding principal amount of the Bridge Notes.
After the occurrence of an Event of Default, Secured Party, for the benefit of the Bridge Note Holders, is entitled to exercise all voting rights pertaining to any Collateral.
Any cash proceeds of the Collateral shall be held in trust for Secured Party and shall be delivered immediately to Secured Party, for the benefit of the Bridge Note Holders.
Sell, or instruct any agent or broker to sell, all or any part of the Collateral in a public or private sale, direct any agent or broker to liquidate all or any part of any account and deliver all proceeds thereof to Secured Party, for the benefit of the Bridge Note Holders, and apply all proceeds to the payment of any or all of the Obligations in such order and manner as set forth in the Notes.
Pledgor has agreed to grant a security interest in, and pledge and assign as applicable, the Collateral (hereinafter defined) to Secured Party, for the benefit of Bridge Note Holders, as herein provided.
Z-KAT agrees and covenants that the Exchanged Series A Stock shall not be transferred to any third party other than the Bridge Note Holders.
Secured Party is acting for the benefit of the Bridge Note Holders and all actions taken or omitted by Secured Party shall be done at the direction of a Supermajority of the Bridge Note Holders, including, without limitation, any waiver, exercise of remedies, and the like.
Pledgor shall deliver all investment securities and other instruments and documents which are a part of the Collateral to Secured Party, for the benefit of the Bridge Note Holders, immediately, or if hereafter acquired, immediately following acquisition, in a form suitable for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank with signatures appropriately guaranteed in form and substance suitable to Secured Party.
Any investment property and/or securities received by Pledgor, which shall comprise such additions, substitutes and replacements for, or proceeds of, the Collateral, shall be held in trust for Secured Party and shall be delivered immediately to Secured Party, for the benefit of the Bridge Note Holders.
For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Pledgor hereby pledges, assigns and grants to Secured Party, for the benefit of the Bridge Note Holders, a first priority security interest and lien in the Collateral to secure the payment and the performance of the Obligations (hereinafter defined).