CBT Transaction definition

CBT Transaction means the closing of the share exchange between the Company and Lender, or a wholly-owned subsidiary thereof, further to the CBT Agreement.
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Examples of CBT Transaction in a sentence

  • Such conversion may be made contingent upon the closing of the CBT Transaction.

  • If the CBT Transaction has occurred, all principal and accrued interest due and owing under this Debenture shall be cancelled.

  • If the CBT Transaction has not closed on or before the Maturity Date and the reason for such transaction failing to close is due to any breach of the CBT Agreement by the Company or the Company's acceptance of a Colorep Alternate Transaction, the principal and unpaid accrued interest of the Debentures may be converted, at the option of the holder thereof, in whole, into Conversion Shares.

  • For purposes of this Debenture, "CBT Termination" shall refer to a termination of the CBT Agreement due to (i) a breach of the CBT Agreement by Lender, (ii) Lender's failure to obtain any corporate, governmental or third party approval (including, without limitation, the approval of the shareholders of CBT), consents or authorizations required to close the CBT Transaction or (iii) Lender's acceptance of a CBT Alternate Transaction.

  • The unpaid accrued interest owing under the Debentures may, at the option of the holder thereof, (i) be paid to such holder in cash, payable immediately prior to the closing of the CBT Transaction, or (ii) be converted, in whole, into Conversion Shares with the number of Conversion Shares to be issued upon such conversion equal to the quotient obtained by dividing the unpaid accrued interest due and owing under the Debenture to be converted on the date of conversion by the Conversion Price.

  • If the CBT Transaction has not closed on or before the Maturity Date and the reason for such transaction failing to close is not due to any breach of the CBT Agreement by Lender or Lender's acceptance of a CBT Alternate Transaction, the principal and unpaid accrued interest of the Debentures may be converted, at the option of the holder thereof, in whole, into Conversion Shares.

  • All principal owing under the Debentures shall be canceled upon the closing of the CBT Transaction.

Related to CBT Transaction

  • M&A Transaction means any acquisition, directly or indirectly, by a Project Holdco, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all or a portion of the Equity Interests of, or a business line or unit or a division of, any Person.

  • Subsequent Transaction has the meaning set forth in Section 1.08.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • Co-Investment Transaction means any transaction in which one or more Regulated Funds (or its Wholly-Owned Investment Sub (defined below)) participated together with one or more Affiliated Funds and/or one or more other Regulated Funds in reliance on the Order.

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.