Laurus Note definition

Laurus Note has the meaning given to such term in the Subordination Agreement.
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Laurus Note means the Secured Convertible Term Note issued by the Company to Laurus Master Fund, Ltd. dated March 24, 2004 in the original principal amount of $1,750,000, as such note may be amended, restated, supplemented, refinanced, replaced, refunded or otherwise modified from time to time, whether by the same or any other holder or group of holders.
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Laurus Note means the promissory note of BPBL effective December 23, 2005 in favor of Laurus in the principal amount of $6,127,616.
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Examples of Laurus Note in a sentence

  • As of the Closing there shall be no Indebtedness, other than the Laurus Note as set forth in the SEC Reports and accounts payable, trade payables and capital lease obligations incurred in the ordinary course of business.

  • This Agreement, the Laurus Note and the Guaranty Agreement set forth the entire agreement between the Parties with respect to the subject matter hereof and fully supersedes any prior agreements or understandings between the Parties with respect to the subject matter hereof.

  • Notwithstanding the forgoing or anything to the contrary herein, Guarantor shall not be obligated to pay to Lender or any other Person a total amount in excess of $13,823,072.32, plus interest at the rate specified in the Laurus Note or the 2nd Note, as applicable, through the date of repayment pursuant to this Guaranty.

  • The Parties acknowledge and agree that the outstanding amount under the Laurus Note as of December 31, 2016 totals $12,323,072.32, and the current outstanding amount under the 2nd Note as of December 31, 2016 totals $1,500,000.00, resulting in a total amount owned by Borrower (and Guarantor pursuant to the Guaranty Agreement), of $13,823,072.32 (collectively, the “Current Debt”).

  • All capitalized terms used in this Guaranty that are defined in the Laurus Note shall have the meanings assigned to them in the Laurus Note, unless the context of this Guaranty requires otherwise.

  • Other than as amended or deemed amended herein, the Laurus Note shall remain in full force and effect.

  • On the date hereof, Laurus is the current owner and holder of the Laurus Note, and Aether is the current owner and holder of the Aether Note.

  • None of the Purchase Price shall be used to pay any set-offs or indemnification claims of Buyer until all principal and interest under the Laurus Note are paid in full.

  • Prior to the expiration of the Notice Period, Shaar shall have the right (but shall not be obligated) to make payment in full to Laurus or any holder of the Laurus Note of the principal and accrued and unpaid interest on the Laurus Note together with default interest, additional penalties or fees that may have accrued under Senior Lender Documents.

  • Diluted loss per common share was not calculated as the effect of converting the Laurus Note and exercising the outstanding warrants, compensation options and employee stock options would be anti-dilutive.

Related to Laurus 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.

  • 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.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • 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;

  • RMB Note means a Note denominated in Renminbi.

  • 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;

  • 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.

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

  • Revolver Note means any one of such Revolver Notes.

  • Surplus Note means a promissory note executed by an Insurance Subsidiary of the type generally described in the insurance industry as a “surplus note,” the principal amount of which an insurance regulator permits the issuer to record as an addition to capital and surplus rather than as a liability in accordance with SAP.

  • Swing Note is defined in Section 1.11 hereof.

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

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • 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.

  • Owned Note shall have the meaning assigned to such term in Section 32.

  • Debenture means debenture stock, mortgages, bonds and any other such securities of the Company whether constituting a charge on the assets of the Company or not.

  • Committed Note means a promissory note of a Borrower payable to the order of any Lender, in substantially the form of Exhibit A-1, evidencing the indebtedness of that Borrower to such Lender resulting from the Committed Advances made by such Lender to that Borrower.

  • 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.

  • Global Debenture shall have the meaning set forth in Section 2.4(a).

  • Original Note shall have the meaning assigned to such term in the recitals.

  • Retained Note means any Notes held by the Issuer (or any other person treated as the same person as the Issuer for U.S. federal income tax purposes), but only so long as such Notes are held by such entity, until such time as such Notes are transferred in accordance with the terms and conditions of Section 2.04 of the Indenture.

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

  • 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;

  • Loaned Security means any “security” which is delivered as a Loan under a Securities Loan Agreement; provided that, if any new or different security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation, or other corporate action, such new or different security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange was made.

  • Certificated Note means a Note in registered individual form without interest coupons.