First Notes definition

First Notes means the first subordinated convertible 9% notes issuable by the Parent pursuant to a certain First Unit Indenture dated May 1, 2003 between Computershare Trust Company of Canada and the Parent.

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First Notes shall have the meaning given to the term “Notes” in the First Note Issuance Agreement.

First Notes shall have the meaning assigned to such term in Recital A hereof.

Examples of First Notes in a sentence

• No reference to this Amendment need be made in any instrument or document making reference to the First Notes; any reference to the First Notes in any such instrument or document shall be deemed a reference to the First Notes as amended hereby.

• The First Notes as amended hereby shall be binding upon the parties thereto and their respective assigns and successors.

• The Transaction Expense Amounts shall be offset against the proceeds of the First Notes and shall be paid to the Buyer’s legal counsel upon the execution hereof.

• The Transaction Expense Amounts shall be offset against the proceeds of the First Notes and shall be paid to the Buyers’ legal counsel upon the execution hereof.

• At least 115% of the number of shares of Common Stock necessary to satisfy all of the Company's obligations pursuant to the First Notes and Second Notes have been duly authorized and reserved for issuance upon conversion of the Notes.

• As of the date hereof: (i) the First Notes, the Second Notes, the Third Notes, the Fourth Notes, the Fifth Notes, the Sixth Notes and the Seventh Notes shall be collectively referred to as the "Notes"; (ii) The First Warrants, the Second Warrants, the Third Warrants, the Fourth Warrants, the Fifth Warrants, the Sixth Warrants and the Seventh Warrants shall be collectively referred to as the "Warrants".

• The sale of the First Notes and the issuance of the First Warrants shall take place at a first closing (the “First Closing”) at the offices of Company’s counsel, F▇▇▇▇▇▇ B▇▇▇▇ C▇▇▇ Well Orion & Co., at Ha-Migdal, 3 Dani’el F▇▇▇▇▇ St., Tel Aviv, Israel, on June 9, 2015, or at such later time and place as the Company and the Purchasers shall mutually agree in writing (the “First Closing Date”).

• The option granted hereunder may be exercised only to cover overallotments in the sale by the Underwriter of First Notes referred to in subsection (a) above.

• The Original $3,000,000 Note, as heretofore modified by the First Notes Modification, is referred to herein as the “$3,000,000 Note”, and the Original $1,000,000 Note, as heretofore modified by the First Notes Modification, is referred to herein as the “$3,000,000 Note”.

• The First Closing of the purchase and sale of the First Notes in an aggregate principal amount of Seventy ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇/▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars ($71,500.00) for an aggregate purchase price of Sixty Five Thousand and No/100 United States Dollars ($65,000.00), and shall take place on the Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”).

More Definitions of First Notes

First Notes means the First Notes forming part of the First Units.

First Notes is defined in Section 2.

First Notes. (the “First Notes”) (as defined in the Purchase Agreement (as defined below)), (ii) “Second Notes” (the “Second Notes”) (as defined in the Purchase Agreement), (iii) Third Notes (the “Third Notes” and, collectively with the First Notes and Second Notes, the “Notes”) (as defined in the Purchase Agreement), and (iv) related warrants (the “First Warrants”, “Second Warrants” and “Third Warrants”, respectively, and collectively, the “Warrants”) issued pursuant to the certain Securities Purchase Agreement, dated July 6, 2022, as amended on January 18, 2023 and May 15, 2023 (as amended, the “Purchase Agreement”), by and among Arch Therapeutics, Inc., a Nevada corporation (the “Company”) and certain institutional and accredited institutional investors (collectively, the “Holders”), is made by and among the Company and the Consenting Stockholders (as defined below). Capitalized terms not otherwise defined in this letter agreement shall have the same meaning as in the Purchase Agreement. For the avoidance of doubt, the Notes include any promissory notes issued pursuant to the terms of the Notes.

First Notes means all Notes issued pursuant to the First Purchase.

First Notes means the Notes to be issued by the Company at the First Closing.