KFT Trust definition
Examples of KFT Trust in a sentence
Kior, Inc., a Delaware corporation (the “Company”), has entered into a Loan and Security Agreement, dated as of January 26, 2012, as amended by Amendment No. 1 thereto, dated March 17, 2013 (the “Loan Amendment” and together with the Loan and Security Agreement, the “Loan Agreement”), with ▇▇▇▇▇ ▇▇▇▇▇▇, as trustee of the KFT Trust, ▇▇▇▇▇ ▇▇▇▇▇▇, Trustee (the “Warrantholder”), 1538731 ALBERTA LTD.
Kior, Inc., a Delaware corporation (the “Company”), has entered into a Loan and Security Agreement, dated as of January 26, 2012, as amended by Amendment No. 1 thereto, dated March 17, 2013 (the “Loan Amendment” and together with the Loan and Security Agreement, (the “Loan Agreement”), with ▇▇▇▇▇ ▇▇▇▇▇▇, as trustee of the KFT Trust, ▇▇▇▇▇ ▇▇▇▇▇▇, Trustee (the “Warrantholder”), 1538731 ALBERTA LTD.
Kior, Inc., a Delaware corporation (the “Company”), has entered into a Loan and Security Agreement, dated as of January 26, 2012, as amended by Amendment No. 1 thereto, dated March 17, 2013 (the “Loan Amendment” and together with the Loan and Security Agreement, the “Loan Agreement”), with ▇▇▇▇▇ ▇▇▇▇▇▇, as trustee of the KFT Trust, ▇▇▇▇▇ ▇▇▇▇▇▇, Trustee (the “Warrantholder”) and 1538731 ALBERTA LTD.
Each Purchaser appoints and designates KFT Trust as Agent for the following purposes under all Transaction Documents, it being acknowledged and agreed that to the extent that Agent is a Purchaser hereunder, it shall be free to act in its capacity as Agent in its own self-interest without fiduciary obligations to the other Purchasers in exercising, or refraining from exercising, the rights granted to Agent hereunder.
Since August 2, 2013, the Company has not issued any equity or equity linked securities other than (i) shares of Class A Common Stock issued in connection with the exercise of stock options granted prior to such date and (ii) warrants to purchase an aggregate of 812,031 shares of Class A common stock issued to KFT Trust, ▇▇▇▇▇ ▇▇▇▇▇▇, Trustee in connection with the Company’s borrowing under the Loan and Security Agreement, dated as of January 26, 2012, as amended.
Upon such mandatory conversion, such term loans and accrued paid in kind interest with respect to such term loans and all other amounts payable with respect to any term loans advanced by KFT Trust from and after the First Amendment Effective Date owed to KFT Trust shall be deemed repaid, satisfied and discharged in full.
Kior, Inc., a Delaware corporation (the “Company”), has entered into a Loan and Security Agreement of even date herewith (the “Loan Agreement”) with ▇▇▇▇▇ ▇▇▇▇▇▇, as trustee of the KFT Trust, ▇▇▇▇▇ ▇▇▇▇▇▇, Trustee (the “Warrantholder”) and 1538716 Alberta Ltd.
Upon such mandatory conversion, all Secured Obligations owed to 1538731 ALBERTA LTD., 1538716 ALBERTA LTD and any other Lender (other than KFT Trust) shall be deemed repaid, satisfied and discharged in full.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇ Title: Trustee KFT Trust c/o Khosla Ventures ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ $5,000,000.00 KFT Trust c/o Khosla Ventures ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ $5,000,000.00 KFT Trust c/o Khosla Ventures ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ $250,000 THIS SENIOR SECURED PROTECTIVE ADVANCE NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
As a Lender, the KFT Trust (and any successor Agent that is a Lender) shall have the same rights and remedies under the other Loan Documents as any other Lender, and the terms “Lenders,” “Required Lenders” or any similar term shall include the KFT Trust (and any such successor Agent that is a Lender) in its capacity as a Lender.