Convertible Obligations definition

Convertible Obligations means all money, debts, obligations and liabilities which now are or at any time hereafter may be or become due, owing or incurred by StorMedia to Seagate, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with the Convertible Loan, and any other document made, delivered or given in connection therewith or herewith, whether on account of principal, interest (including, without limitation, interest accruing after the Repayment Commencement Date of the Convertible Note and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to StorMedia, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), reimbursement obligations, fees, indemnities, costs, expenses, or otherwise. Notwithstanding anything in the foregoing to the contrary, the Secured Obligations shall not be considered to be Convertible Obligations.
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Examples of Convertible Obligations in a sentence

  • Conversions hereunder shall have the effect of lowering the amount of any remaining Convertible Obligations hereunder.

  • The number of shares of Conversion Stock issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the amount of the Convertible Obligations then so converted by (y) the Conversion Price.

  • The “Conversion Price” of the Convertible Obligations is $0.61, subject to adjustment as set forth below.

  • If only a portion of the Convertible Obligations then outstanding is converted, Maker shall deliver to Payee, together with the aforesaid certificate(s), a new note, in form and substance identical to this Note, except that the principal amount thereof shall equal that portion of the Obligations then outstanding which has not been converted.

  • The “Conversion Price” of the Convertible Obligations is $1.16 per share, subject to adjustment as set forth below.

  • Payee may exercise P▇▇▇▇’s Conversion right by completing, executing and sending to Maker a completed and executed Note Conversion Form appended hereto as Annex A (the “Conversion Notice”) setting forth the amount of the Convertible Obligations to be converted and providing the other information required in the Conversion Notice.

  • Maker shall issue the number of Underlying Shares into which the Convertible Obligations are to be converted in accordance with the Conversion Rate.

  • The assumption agreement shall provide that the Payee may convert the Convertible Obligations into the kind and amount of securities, cash or other assets that Payee would have owned immediately after the consolidation, merger, transfer, lease or exchange if Payee had converted this Note immediately before the effective date of the transaction.

  • The “Conversion Price” of the Convertible Obligations is $0.58, subject to adjustment as set forth below.

  • The number of shares of Conversion Stock issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the amount of the Convertible Obligations by (y) the Conversion Price.