Examples of Second Letter Agreement in a sentence
Under the terms of the Second Letter Agreement, holders of the Notes may convert notes at an exercise price of $3.80 per share of Company Common Stock commencing January 18, 2022 and ending February 11, 2022.
The Second Letter Agreement also includes certain conditions that the Company must satisfy in connection with the transaction.The Company has registered with the Securities and Exchange Commission (the “SEC”) the resale of the shares of Common Stock issuable upon conversion of the Notes as well as the shares of Common Stock issuable upon the exercise of the Warrants pursuant to the Registration Rights Agreement, dated September 24, 2021, by and among the Company and the purchasers signatory to the SPA.
Unions are the only thing standing between these corporate entities and their employees and indeed the only institution standing between the power of corporations and the rest of society.
Among other matters, the parties to the Second Letter Agreement (i) reduced the Conversion Price for the remaining balance of the Company’s outstanding 2021 Senior Secured Convertible Notes from $0.78 to $0.35 for the period from the Second Closing until October 1, 2022, and (ii) agreed to register any additional shares of Common Stock required to give the buyers registered shares upon conversion of the Senior Secured Convertible Notes.
The Second Letter Agreement also provided that in the event no offer was received on either the London Property or the Condominium by April 30, 2008, Robert Lane would place the Robert Lane Property on the open market as well.
This Second Letter Agreement shall be effective as of July 14, 2021 (the “Effective Date”).
The Second Letter Agreement notified the Parties that as a result of the defaults under the Loan Agreements and the First Letter Agreement, all outstanding loans under the Loan Agreements, together with costs and expenses accrued under any of the Loan Agreements, the Guaranty, or the Letters, were payable on demand.
Provides that the lien secures payment of all child support arrearages owed by the obligor pursuant to the underlying support order, rather than authorizing the lien to be extended for an additional 10-year period by a certain recording.
As of the New Service Commencement Date, the TESA, Letter Agreement, Second Letter Agreement and Operating Agreement shall terminate and be of no further force and effect, it being the intent of the parties that each of such agreements be superseded and replaced by this Agreement and the operating agreement more specifically described in Section 5.2 of this Agreement.
Dr. Lee Shau Kee and Mr. Li Ning are regarded as materially interested in the Second Letter Agreement through their interest or deemed interest in shares in Henderson Land and through Henderson Land’s interest in Miramar.