Loan Units definition

Loan Units. A Reference Rate Loan Unit, CD Rate Loan Unit and a ---------- Eurodollar Rate Loan Unit (each a "Type" of Loan Unit).
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Loan Units means a unit of the Company issued pursuant to the prospectus, each consisting of one Common Share, one-half of one Series A Warrant and one-half of one Series B Warrant;
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Loan Units. A Prime Rate Loan and a LIBOR Rate Loan (each a “Type” of Loan Unit).
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Examples of Loan Units in a sentence

  • Immediately prior to the Effective Time, each MailKey Loan Unit Holder shall surrender to Acquiror for cancellation all certificates or agreements evidencing a MailKey Loan Unit and receive in exchange therefore the Acquiror Loan Units.

  • At the Effective Time, holders of the MailKey Loan Units (the "MAILKEY LOAN UNIT HOLDERS") shall be entitled to receive, in exchange therefore, loan units (the "ACQUIROR LOAN UNITS"; together with the Acquiror Capital Stock, Acquiror Warrants, and Acquiror Options, the "ACQUIROR SECURITIES") convertible into shares of Acquiror Common Stock, substantially on the terms of the Form of Loan Unit attached hereto as EXHIBIT 1.2(E).

  • There is also the option for the customer to request a loan device whilst the unit is away for repair –see Loan Units section 6.

  • The shares of Common Stock included in the Sponsor Loan Units have been duly authorized and reserved for issuance and when issued and paid for in accordance with the Sponsor Loan Note, will be validly issued, fully paid and non-assessable.

  • The Company will reserve and keep available that maximum number of its authorized but unissued securities which are issuable upon (1) exercise of the Warrants included in the Units, the Placement Units, Sponsor Loan Units and the Forward Purchase Units outstanding from time to time, (2) the conversion of the Sponsor Loan into Sponsor Loan Units and (3) the closing of the Forward Private Placement.

  • The Company has entered into a warrant agreement with respect to the Warrants underlying the Units, the Placement Units, the Sponsor Loan Units and the Forward Purchase Units with CST substantially in the form filed as an exhibit to the Registration Statement (“Warrant Agreement”).

  • The Sponsor Loan Units, the shares of Common Stock included in the Placement Units, the warrants included in the Sponsor Loan Units (the “Sponsor Loan Warrants”) and the shares of Common Stock issuable upon exercise of the Sponsor Loan Warrants are hereinafter referred to collectively as the “Sponsor Loan Securities.” No underwriting discounts, commissions or placement fees have been or will be payable in connection with the Sponsor Loan Securities or the Sponsor Loan.

  • Each request for Revolving Loans shall specify the borrowing date (which shall be a Business Day and, in the case of any request for Eurodollar Rate Loan Units, a Eurodollar Business Day) and the amount of such Revolving Loans.

  • If the Company does not complete an initial Business Combination and the Sponsor Loan has not been converted into Sponsor Loan Units prior to such time, the Company will not repay the Sponsor Loan and its proceeds will be distributed to Public Shareholders.

  • Each notice of continuation or conversion of a Loan Unit shall specify: (i) the effective date of continuation or conversion (which shall be a Business Day and, if the resulting Loan Unit is a Eurodollar Rate Loan Unit, a Eurodollar Business Day); (ii) the amount and the Type or Types of Loan Units following such continuation or conversion; and (iii) for continuation as, or conversion into, Eurodollar Rate Loan Units, the Interest Periods for such Loan Units.