Exchanged Note definition

Exchanged Note shall have the meaning set forth in the Recitals to this Agreement.

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Exchanged Note means a Note with terms and conditions identical to the terms and conditions of the Original Note for which it was exchanged, save that:

Exchanged Note in relation to a Note shall be such part of a Note to be calculated on the basis of the following formula: Exchanged Note = A x B where: A = percentage in post-IPO issued shares in AGL attributable to the Noteholder which are disposed of pursuant to Condition 7.1 (“Disposal”); B = the principal amount of the Note required for surrender and exchange for 1% of the post-IPO issued shares in AGL , which is dependent on the percentage of post-IPO issued shares in AGL held by the public shareholders as follows:

Examples of Exchanged Note in a sentence

• As a result, except as provided in Section 5.02(D), any accrued and unpaid interest on an Exchanged Note will be deemed to be paid in full rather than cancelled, extinguished or forfeited.

• Cascade Bancorp shall use commercially reasonable and good faith efforts in order to obtain Regulatory Approval [Primary Note] to utilize the Primary Note as the Exchanged Note.

• In exchange for the Existing Note, the Company shall deliver or cause to be delivered to the Holder the Exchanged Note.

• The Exchanged Note shall be issued to the Holder in exchange for the Existing Note and the Exchanged Warrant shall be issued to the Holder in exchange for the Existing Warrant, in each case, without the payment of any additional consideration.

• The Exchanged Note shall be issued to the Holder in exchange for the Existing Note without the payment of any additional consideration.

• In exchange for (i) the Existing Note, the Company shall deliver or cause to be delivered to the Holder the Exchanged Note and (ii) the Existing Warrant, the Company shall deliver or cause to be delivered to the Holder the Exchanged Warrant.

• No adjustment shall be made or Shares issued for interest accrued on any Exchanged Note.

• For the purposes of Rule 144, the Company acknowledges that the holding period of the Exchanged Note may be tacked onto the holding period of the Investor Note, and the Company agrees not to take a position contrary to this Section 7.

• On the Closing Date, (a) the Company shall deliver the Exchanged Preferred Shares and the Exchanged Note to the Holder and (b) the Existing Securities shall be extinguished and any security interest with respect to the Existing Note shall be released.

• On the Effective Date, subject to the terms and conditions of this Agreement, the Investor shall, and the Company shall, in reliance upon the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended (the “1933 Act”), exchange (a) the Hanover PIPE Note for the Exchanged Note.

More Definitions of Exchanged Note

Exchanged Note shall have the meaning assigned to such term in subsection 14.11(a);

Exchanged Note shall have the meaning ascribed to such term in the first recital above.

Exchanged Note shall have the meaning set forth in the Recitals.

Exchanged Note means, with respect to a Convertible Debenture issued pursuant to the Exchange, the 2011 Note or Springing Lien Note that is exchanged for such Convertible Debenture pursuant to this Agreement.

Exchanged Note means that certain Senior Secured Convertible Note due April 15, 2027 of the Company issued in exchange for certain existing Senior Note Due 2025.