Outstanding Note Obligations definition

Outstanding Note Obligations means the outstanding Principal, accrued and unpaid Interest and any other amounts outstanding under this Note as of any point in time.
View Source
Outstanding Note Obligations means, as of any date of determination (i) with respect to the Holder, the total outstanding obligations of the Company owing to the Holder as of such date under the Note, (ii) with respect to Mast Hill, the total outstanding obligations of the Company owing to Mast Hill as of such date under that certain Promissory Note dated as of March 22, 2022 in the original principal amount of $350,000 (as amended by that certain Amendment #1 to the Promissory Note Issued on March 22, 2022, dated as of February 5, 2023 by and between the Company and Mast Hill), (iii) with respect to Blue Lake, the total outstanding obligations of the Company owing to Blue Lake as of such date under that certain Promissory Note dated as of March 22, 2022 in the original principal amount of $250,000 (as amended by that certain Amendment #1 to the Promissory Note Issued on March 22, 2022, dated as of February 8, 2023 by and between the Company and Blue Lake) and (iv) with respect to Walleye, the total outstanding obligations of the Company owing to Walleye under the Second Walleye Note as of such date. Upon W▇▇▇▇▇▇’s receipt of any Walleye Shared Cash Proceeds, Walleye shall promptly notify the Holder and the other Walleye Cash Proceeds Participants in writing (a “Walleye Shared Cash Proceeds Notice”), which Walleye Shared Cash Proceeds Notice shall disclose (A) the amount of Walleye Shared Cash Proceeds received by Walleye, (B) the date such Walleye Shared Cash Proceeds were received by Walleye and (C) W▇▇▇▇▇▇’s Outstanding Note Obligations as of the date immediately prior to the date such Walleye Shared Cash Proceeds were received by W▇▇▇▇▇▇. Upon receipt by the Holder of a Walleye Shared Cash Proceeds Notice, the Holder shall cooperate and provide Walleye with such information reasonably requested by W▇▇▇▇▇▇ in order to effect the provisions of this Section 4, including without limitation, information as to the amount of the Holder’s Outstanding Note Obligations as of the date immediately prior to the date of any receipt by Walleye of any Walleye Shared Cash Proceeds.
View Source
Outstanding Note Obligations as defined in subsection 10.1(d). ----------------------------
View Source

Examples of Outstanding Note Obligations in a sentence

  • Upon receipt by the Holder of a Walleye Shared Cash Proceeds Notice, the Holder shall cooperate and provide Walleye with such information reasonably requested by W▇▇▇▇▇▇ in order to effect the provisions of this Section 4, including without limitation, information as to the amount of the Holder’s Outstanding Note Obligations as of the date immediately prior to the date of any receipt by Walleye of any Walleye Shared Cash Proceeds.

  • Each of the Company and, by acceptance of this Note, the holder and each of its successors and assigns hereby acknowledges, covenants and agrees that in the event the Company closes a debt or equity financing resulting in aggregate gross proceeds to the Company in an amount of at least $5,000,000 (a “Qualified Financing”), the Company shall not be permitted to repay any of the Outstanding Note Obligations out of the proceeds from a Qualified Financing as long as any ▇▇▇▇▇▇ Note remains outstanding.

  • Each of the Company and, by acceptance of this Note, the holder and each of its successors and assigns hereby acknowledges, covenants and agrees that in the event the Company closes a debt or equity financing (a “Financing”), the Company shall not be permitted to repay any of the Outstanding Note Obligations out of the proceeds from a Financing as long as any ▇▇▇▇▇▇ Note remains outstanding.

  • The Issuer may, at its option, on notice as provided in the Indenture and pursuant to Section 3.08 thereof, and will, pursuant to and in the circumstances contemplated by Article Four of the Indenture, satisfy its obligation to pay the principal, premium, if any, and interest on the Notes by delivery of that number of Common Shares as equals the quotient obtained by dividing the applicable Redemption Price or Outstanding Note Obligations, respectively, by the applicable Current Market Price.