Founders’ Notes definition

Founders’ Notes means the term notes, dated September 30, 1990, made by the Company to Xxxxxx X. Xxxxx and to Xxxxxxx X. Xxxxx pursuant to a stock redemption agreement, dated June 19, 1990, among the Company, certain of its Subsidiaries, Xxxxxx X. Xxxxx, Xxxxxxx X. Xxxxx, Xxxxx X. Xxxxx, Xxxxxxxxx X. Xxxxx, J. Xxxxxx Xxxxx and Xxxxxx X. Xxxxx.
Sample 1Sample 2Sample 3
Founders’ Notes means each of the subordinated unsecured promissory notes issued by the Company in partial exchange for the founders prior ownership interest in certain of the subsidiaries in RBS in the aggregate original principal amount of $1,500,000.00, which Founders’ Notes have an outstanding balance as of the Petition Date of $1,537,397.26.
Sample 1Sample 2
Founders’ Notes means (i) that certain promissory note, datedNovember 1. 1998, made by Subordinated Creditor in favor of Estate of Xxxxxxxx Xxx Xxxxx, Whose Personal Representative is Xxxxxx Xxxxx a/k/a H. Xxxxxx Xxxxx or Xxxxx X. Xxxxx in the original principal amount of $2,773,500.00, and (ii) that certain promissory note, dated November 1, 1998, made by Subordinated Creditor in favor of Xxxxxx Xxxxx a/k/a H. Xxxxxx Xxxxx or Xxxxx X. Xxxxx in the original principal amount of 3,547,500.00.
Sample 1

Examples of Founders’ Notes in a sentence

  • Founders’ Notes Payable Founders of the company loaned funds to the Corporation in a series of payments totaling $3,980,000 during the year ending December 31, 2009.

  • Founders’ Notes Payable Founders of the Company loaned funds to the Company which bear interest at a rate of 7% compounded continuously and have no set maturity date or required payments dates; as such the entire balance is classified as current.


More Definitions of Founders’ Notes

Founders’ Notes means the promissory notes issued by the Company, each dated December 20, 2001, to each of the Founders in the principal amounts of $745,984.24, as amended pursuant to an Amendment to Promissory Note, dated November 19, 2002.
Sample 1
Founders’ Notes means Indebtedness under the Julian Smith Documents and Indebtedness under the Carolyn Sxxxx Xxxxxxxts.
Sample 1
Founders’ Notes is defined in the definition of Founders set forth in this Section 1.1.
Sample 1
Founders’ Notes means the term notes, dated September 30, 1990, made by the Company to Julian S. Smith and to Carolyn C. Smith pursuant to a stock redemption agreexxxx, xxxxx Xxxe 19, 1900, xxxxx xxx Xxmpany, certain of its Subsidiaries, Julian S. Smith, Carolyn C. Smith, David D. Smith, Frederick G. Smith, J. Duxxxx Xxxxx xxx Roxxxx X. Xxxxx.
Sample 1

Related to Founders’ Notes

  • 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.

  • Lock-Up Securities has the meaning assigned to such term in Section 3.5.

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

  • Regulation S Notes means all Initial Notes offered and sold outside the United States in reliance on Regulation S.

  • Convertible Notes has the meaning set forth in the Recitals.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

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

  • Qualifying Notes means, with respect to each applicable series of senior preferred debt securities, each series of senior non preferred debt securities and each series of subordinated debt securities, at any time, any securities issued directly by Banco Santander that have terms not otherwise materially less favorable to the holders of the senior preferred debt securities of such series, senior non preferred debt securities of such series or subordinated debt securities of such series than the terms of the senior preferred debt securities of such series, senior non preferred debt securities of such series or subordinated debt securities of such series, as applicable, provided that Banco Santander shall have delivered a certificate signed by two directors of Banco Santander to that effect to the Trustee not less than five Business Days prior to (x) in the case of a substitution of the senior preferred debt securities of the applicable series, the senior non preferred debt securities of any series or the subordinated debt securities of any series, as applicable, pursuant to “—Substitution and Variation”, the issue date of the relevant securities or (y) in the case of a variation of the senior preferred debt securities of the applicable series, the senior non preferred debt securities of any series or the subordinated debt securities of any series, as applicable, pursuant to “—Substitution and Variation”, the date such variation becomes effective, provided that such securities shall:

  • Series D Notes is defined in Section 1.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Offered Notes The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes and the Class D Notes.

  • Existing Notes means, collectively, the Existing Senior Guaranteed Notes and the Existing Senior Notes.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • 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.

  • 2013 Notes means the aggregate principal amount of US$345,000,000 of 5.00% Convertible Senior Notes Due 2013 issued pursuant to the 2013 Note Indenture.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Regulation S Global Notes has the meaning set forth in Section 2.16.

  • Subsequent Notes means any Notes issued after the First Issue Date on one or more occasions.

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

  • 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.

  • Permitted Convertible Notes means any unsecured notes issued by the Company in accordance with the terms and conditions of Section 6.01 that are convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of common stock of the Company (or other securities or property following a merger event or other change of the common stock of the Company), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such common stock or such other securities); provided that, the Indebtedness thereunder must satisfy each of the following conditions: (i) both immediately prior to and after giving effect (including pro forma effect) thereto, no Default or Event of Default shall exist or result therefrom, (ii) such Indebtedness matures after, and does not require any scheduled amortization or other scheduled or otherwise required payments of principal prior to, and does not permit any Loan Party to elect optional redemption or optional acceleration that would be settled on a date prior to, the date that is six (6) months after the Maturity Date (it being understood that neither (x) any provision requiring an offer to purchase such Indebtedness as a result of change of control or other fundamental change (which change of control or other fundamental change, for the avoidance of doubt, constitutes a “Change of Control” hereunder), which purchase is settled on a date no earlier than the date twenty (20) Business Days following the occurrence of such change of control or other fundamental change nor (y) any early conversion of any Permitted Convertible Notes in accordance with the terms thereof, in either case, shall violate the foregoing restriction), (iii) such Indebtedness is not guaranteed by any Subsidiary of the Company other than the Subsidiary Borrowers or Subsidiary Guarantors (which guarantees, if such Indebtedness is subordinated, shall be expressly subordinated to the Secured Obligations on terms not less favorable to the Lenders than the subordination terms of such Subordinated Indebtedness), (iv) any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of any Loan Party (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision and (v) the terms, conditions and covenants of such Indebtedness must be customary for convertible Indebtedness of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith).

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Regulation S Global Securities means one or more permanent global Securities in registered form representing the aggregate principal amount of Securities sold in reliance on Regulation S under the Securities Act.