Prepayment and Conversion Notice definition

Prepayment and Conversion Notice means any written notice given by any one or more Holder(s) of a Mandatory Prepayment and Conversion of all or part of this Note (as provided in Section 4.2 below), or by FNDM in connection with a permitted Optional Prepayment and Conversion of this Note (as provided in Section 4.3 below).

Examples of Prepayment and Conversion Notice in a sentence

  • Commencing on the First Reset Date and, and at any time on each subsequent Reset Date, the Holders of the majority of the Holders Aggregate Percentage Interest in this Note (the “ Majority-in-Interest”) shall have the right (but not the obligation) by delivery of a Prepayment and Conversion Notice to FNDM, to have all or any portion of the then applicable Outstanding Principal Amount of this Note, as calculated pursuant to Section 4.2(b) below, prepaid (each a “Mandatory Prepayment and Conversion”).

  • The Outstanding Principal Amount of this Note subject to such Mandatory Prepayment and Conversion shall be reset and calculated based upon the product of multiplying (i) the then applicable Holders Aggregate Percentage Interest then being prepaid and converted pursuant to such Prepayment and Conversion Notice, by (ii) the Fair Market Value of all Percentage Interests in the Company as at the applicable Reset Date (the “ Prepayment and Conversion Amount”).

Related to Prepayment and Conversion Notice