Redeemable Note definition
Examples of Redeemable Note in a sentence
Failure to give notice of redemption, or any defect therein, to any Holder of any Redeemable Note shall not impair or affect the validity of the redemption of any other Redeemable Note.
Any Notes issued in replacement for the Redeemable Notes will have the same rights and privileges as the Class of Redeemable Note that was refinanced with the related proceeds thereof; provided, such replacement Notes may have different Expected Repayment Dates and Stated Maturity Dates.
All initially-capitalized terms used in this First Amendment and not otherwise defined herein shall have the meaning ascribed to them, respectively, in the 8.5% Convertible Redeemable Note Agreement, unless otherwise expressly provided in this First Amendment.
Any Notes issued in replacement for the Redeemable Notes will have the same rights and privileges as the Class of Redeemable Note that was refinanced with the related proceeds thereof; provided, such replacement Notes may have different Stated Maturity Dates.
From and after the Effective Date of this First Amendment, wherever the term “8.5% Convertible Redeemable Note Agreement” or “Agreement” appears in the 8.5% Convertible Redeemable Note Agreement, it shall be read and understood to mean the 8.5% Convertible Redeemable Note Agreement as amended by this First Amendment.
Immediately upon the consummation of the Cancellation Transaction, and the execution of the Assignment set forth in Section 2, the Cancelled Sum the Redeemable Note (including all principal, interest, fees, penalties, costs, and expenses due thereon or pursuant thereto) shall be deemed paid in full and Cancelled Sum the Redeemable Note shall no longer have any legal effect.
In the event DEAC and EGV is unable to make the Minimum Licensing Fee Payments in full when due, DEAC shall pay HYHI the amounts owed in the form of the issuance of a new Convertible Redeemable Note (the "Redeenable Note") for each such occurance, in the form and on the same terms and Matuirty Date as set forth in the Amended and Restated Redeemable Note, attached hereto as Exhibit A-1.
Except as modified by this First Amendment, the 8.5% Convertible Redeemable Note Agreement remains binding on the Parties in full force and effect according to its terms.
LDSR previously issued in favor of AFT that certain 8% Convertible Redeemable Note in the original principal amount of One Hundred Ten Thousand Dollars ($110,000) on 16 October 2018, with a maturity date of 16 July 2019 (the “Note”).
The Parties previously entered into that certain 8.5% Convertible Redeemable Note Agreement on or around July 24, 2017 (the “Note Agreement”) (the 8.5% Convertible Redeemable Note referred to as the “Note”).