Secured Convertible Notes definition
Examples of Secured Convertible Notes in a sentence
The Company has granted a security interest in certain cash collateral accounts to the holders of the Company’s Senior Secured Convertible Notes due April 1, 2019.
As of the Effective Date, the Company has issued (i) 23,375,000 warrants that are outstanding, each entitling their holders to purchase one Ordinary Share at an exercise price of US$11.50 per share; and (ii) the Hoche Secured Convertible Notes convertible into Ordinary Shares and the Hoche Warrant.
Notwithstanding anything to the contrary herein, Holders of the Notes shall vote together with the holders of the Other Senior Secured Convertible Notes as if the Notes and the Other Senior Secured Convertible Notes were a single class of securities for purposes of this Section 9.06.
As of the Representation Date, the Company has issued (i) 23,375,000 warrants that are outstanding, each entitling their holders to purchase one Ordinary Share at an exercise price of US $11.50 per share; and (ii) the Secured Convertible Notes convertible into Ordinary Shares and the Warrant.
Other than the redemption provisions of the Company’s outstanding 10% Senior Secured Convertible Notes (the “Notes”) that are disclosed in the Incorporated Documents, there are no outstanding securities or instruments of the Company of any Subsidiary that contain any redemption of similar provisions, and there are no contracts, commitments, understandings or arrangements by which the Company or any Subsidiary is or may become bound to redeem a security of the Company or such Subsidiary.