Founder Note definition

Founder Note means the promissory note between Xxxxxxx Xxxxxx and the Company, dated as of the Closing Date, in the principal amount of Four Million Two Hundred Thousand Dollars ($4,200,000), having a maturity date four (4) years from the Closing Date, and otherwise in form and substance to be agreed upon prior to the Closing between the Company and Xxxxxxx Xxxxxx and reasonably satisfactory to Parent."
Sample 1
Founder Note means the promissory note between Netanel Davidi and the Company, dated as of the Closing Date, in the principal amount of Four Million Dollars ($4,000,000), having a maturity date three (3) years from the Closing Date, and otherwise in form and substance to be agreed upon prior to the Closing between the Company and Netanel Davidi and reasonably satisfactory to Parent.
Sample 1
Founder Note means, collectively, (i) the promissory notes, each dated February 25, 2009, from Xxxxxxxxxx Xxxxxx to the Company and from Xxxxxxx Xxx to the Company, respectively, and (ii) the promissory notes, each dated April 22, 2009, from Xxxxxxxxxx Xxxxxx to the Company and from Xxxxxxx Xxx to the Company, respectively.
Sample 1

Examples of Founder Note in a sentence

  • For purposes of calculating the amount of cash payable to each Contributing Securityholder pursuant to this Section 2.1(e), such amount of the Founder Note so repaid (net of any Taxes paid or deemed paid by Parent, Buyer or the Company thereon or in respect thereof, calculated using the highest corporate Tax rate applicable in the jurisdiction of the holder of the Founder Note) shall be distributed to each Contributing Securityholder in accordance with such Contributing Securityholder’s Pro Rata Share.

  • The balance outstanding under the Founder Note was $1.75 million and interest expense related to the Founder Note was less than $0.1 million for the year ended December 31, 2020.

  • Creditor(s): Amount Outstanding: Interest Rate: Maturity Date: Other Material Terms: Luke Hohmann (1) $25,000 2.0% Payable On Demand Founder Note Payable made to the company.

  • HOST MARRIOTT CORPORATION ANNOUNCES NAME AND TICKER SYMBOL CHANGES BETHESDA, MD; April 17, 2006 – Host Marriott Corporation (NYSE:HMT) today announced that it has changed its name to Host Hotels & Resorts, Inc.

  • Founder's obligations under the Founder Note shall be secured by a pledge to the Company of all of the shares of Founder Stock, and in connection therewith, Founder shall enter into a pledge agreement in the form of Annex B attached hereto (the "Pledge Agreement").

  • If, upon the maturity date of the Founder Note, any principal amount of the Founder Note remains unpaid, Parent shall pay an amount from the Founder Retained Amount equal to such unpaid principal amount of the Founder Note to Xxxxxxx Xxxxxx or to another Person designated in writing by the Representative on behalf of the Contributing Securityholders to be held on behalf of all of the Contributing Securityholders as compensation, net of all applicable employer Taxes and employee withholding Taxes.

  • Notwithstanding anything to the contrary in this Section 2.1(f), any Tax required to be paid in accordance with applicable Law associated with the imputed interest related to the Founder Note may also be deducted by Parent from the Founder Retained Amount prior to the transfer by Parent of the Founder Retained Amount to the Paying Agent.

  • The Founder Note shall have been issued by Xxxxxxx Xxxxxx in favor of the Company.

  • The Founder Note Purchase Agreement shall have been duly executed and delivered by the Company.

  • Gender has been shown to have an effect on individual decision making [43, 83].

Related to Founder Note

  • Bridge Note has the meaning assigned to that term in Section 2.2(a)(1).

  • New Note shall have the meaning assigned to such term in Section 38.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.

  • Legended Note means Registered Notes in definitive form that are issued to Institutional Accredited Investors and Registered Notes (whether in definitive form or represented by a Registered Global Note) sold in private transactions to QIBs in accordance with the requirements of Rule 144A;

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Founder Shares Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Private Placement Warrants Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Series B Purchase Agreement means that certain Series B Preferred Stock Purchase Agreement, dated as of November 10, 2015, as amended and supplemented to date, by and among the Company and the investors signatory thereto.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Convertible Debenture means the 6% convertible debenture dated July 1, 2008 and due July 1, 2011, in the amount of CAD$10,000,000 issued by Orezone to the Debentureholder;

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

  • Existing Note shall have the meaning given to such term in the preamble hereto.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Initial Note A-6 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Series A Purchase Agreement means the Series A Preferred Unit Purchase Agreement, dated as of June 20, 2017, by and among the Partnership and the Series A Purchasers thereunder, as may be amended from time to time.

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Investor Rights Agreement means the Investor Rights Agreement, dated as of the date of this Agreement, between the Company and each of the Purchasers, in the form of Exhibit A hereto.