Examples of Series B Convertible Notes in a sentence
The Debtor will issue Cisco Series B Convertible Notes for $120,000 in full settlement of both Cisco’s Class 1(a) Administrative Claim and Secured Claim and Cisco will transfer the ownership of the Compaq Servers to the Debtor.
Series B Convertible Notes: Each note has a face value of $10,000, convertible at not less than $0.003 and not more than $0.006, term to31 August 2018, Interest Rate of 15% per annum.
As of December 31, 2021, the Series B Convertible Notes had a balance of $0.
This means that all interest payable on the entire US$15.5m Convertible Notes now outstanding will be deferred and accrue from and including the Issue Date of the Series B Convertible Notes until the earlier of the Conversion Date, Redemption Date or Maturity Date of the Note.
On 25 May 2018, the Company issued an aggregate principal amount of S$2,500,000 of Series B Convertible Notes to the Series B Pre-IPO Investors.