Note Conversion Date definition
Examples of Note Conversion Date in a sentence
The “Note Conversion Rate” is subject to adjustment prior to the Note Conversion Date as provided in this Section 8.
Such Preferred Distributions shall accrue (whether or not declared) from and including the Note Conversion Date of the Preferred Units held by such Member to and including the date on which such Preferred Units are redeemed and, to the extent not paid for any Distribution Period, will be cumulative.
If Lender undertakes the Conversion, Lender shall notify Borrower of the Conversion (the “Conversion Notice”) including the amount of the principal balance of the Note plus accrued interest up to, but not including, the Note Conversion Date (as defined below) to be converted.
Distributions on the Preferred Units shall be payable, when and as declared, semi-annually, in arrears, no later than December 31 and June 30 of each year commencing on the June 30 or December 31 next following the applicable Note Conversion Date (each such date, a "Distribution Payment Date"), except that if any such date is not a Business Day, then such dividend shall be paid on the next succeeding Business Day.
On conversion, Lender will be entitled to any accrued but unpaid interest on the converted principal amount of this Note which has not been converted into shares of Common Stock as described above through the Note Conversion Date.
For the period commencing as of the Effective Time and ending on the Note Conversion Date, ATLAS agrees that it shall not issue any shares of common stock or preferred stock except as required under this Agreement.
The Lenders will advance the proceeds of the Equipment Loan to the Borrower from time to time, as requested by the Borrower, prior to the Second Equipment Loan Note Conversion Date.
In addition, the Company shall have the option of entering into an interest rate protection agreement for all amounts outstanding under the Draw Note after the Draw Note Conversion Date.
The Note Conversion shall be deemed to satisfy the Issuer’s obligation to pay the principal amount of the Notes subject to the Note Conversion and accrued and unpaid interest thereon (other than interest payable at or prior to the date of conversion) from the later to occur of the Amendment and Restatement Closing Date and the last Interest Payment Date on which interest was paid to, and including, the Note Conversion Date.