Original Convertible Note definition

Original Convertible Note means the originally manually executed by the Company Convertible Note.
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Original Convertible Note means the $2,000,000 9% Convertible Promissory Note of the Company in favor of the Holder dated as of June 5, 1997, as may be amended, modified, substituted or replaced.
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Examples of Original Convertible Note in a sentence

  • Collateral Shareholding means the Collateral Shares issued to the Noteholder or its nominee in accordance with the Original Convertible Note, dated 30 April 2019.

  • On 18 November 2019 (Variation Date), the Company entered into a deed of variation with the Noteholder to modify the Original Convertible Note to permit the Noteholder to lend a second advance of $350,000 in consideration for the issuance of a convertible security with a face value of $420,000 ( Original Follow-On Convertible Note).

  • The Company entered into a convertible note agreement dated 30 April 2019 with Lind Global Macro Fund LP ( Noteholder) (an unrelated third party and existing shareholder) pursuant to which the Company issued a convertible note with a face value of $2,400,000 to the Noteholder (Original Convertible Note).

  • At the Closing, Buyer paid the $25 million Purchase Price for the Transferred Assets pursuant to the APA as follows: (a) $5,000,000 by wire transfer to Seller and (b) by delivery of a $20 million subordinated convertible note to Seller in the form of APA Exhibit A (the "Original Convertible Note").

  • On 31 January 2020, the Company secured Shareholder approval for the issue to the Noteholder of a replacement convertible security note ( Follow-on Replacement Convertible Note) on the same terms as those set out in the Original Convertible Note issued on 18 November 2019 (January Meeting).

  • On 19 June 2019, the Company secured Shareholder approval for the issue to the Noteholder of a replacement convertible security note (Replacement Convertible Note) on the same terms as those set out in the Original Convertible Note issued on 30 April 2019 (June Meeting).

  • Other than the terms of the Original Follow-On Convertible Note outlined below, the terms of the Original Convertible Note remain the same.

  • The Company entered into a convertible note agreement dated 30 April 2019 (Agreement) with Lind Global Macro Fund LP (Noteholder) (an unrelated third party and existing shareholder) pursuant to which the Company issued a convertible note with a face value of$2,400,000 to the Noteholder (Original Convertible Note).

  • On 19 June 2019, the Company secured shareholder approval for the issue to the Noteholder of a replacement convertible security note (Replacement Convertible Note) on the same terms as those set out in the Original Convertible Note issued on 30 April 2019 (June Meeting).

  • Nothing contained in this Amendment or in the First Replacement Notes shall be deemed to extinguish the indebtedness and obligations evidenced by the Original Convertible Note or constitute a novation of the indebtedness evidenced by the Original Convertible Note.

Related to Original Convertible Note

  • 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;

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

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

  • Bridge Note has the meaning assigned to that term in Section 2.2(a)(1).

  • 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.

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

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

  • Acquisition Note means a promissory note of the Borrower payable to ---------------- the order of any Acquisition Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from the Acquisition Advances made by such Lender.

  • 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).

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Optional Conversion has the meaning set forth in Section 6(a).

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Conversion Agreement means any agreement entered into from time to time between the Borrower or Guarantor (or their respective agents) and any maintenance facility with respect to the conversion of an ACS Group Aircraft to a freighter or mixed-use aircraft.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • 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;

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • New Note shall have the meaning assigned to such term in Section 38.

  • Reverse Repurchase Agreement means an agreement pursuant to which the Fund sells Securities and agrees to repurchase such Securities at a described or specified date and price.

  • Series B Purchase Agreement means that certain Series B Preferred Stock Purchase Agreement, dated as of November 10, 2015, as amended and supplemented to date, by and among the Company and the investors signatory thereto.

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • Equity Purchase Agreement is defined in the recitals to this Agreement.

  • 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.

  • Alternate VRDP Shares Purchase Agreement means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein, as determined by the Fund.

  • 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.

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