Examples of Series K Notes in a sentence
The Series K Notes have a term of ninety days, bear interest at the rate of 10% per annum, with a default rate of 18% per annum, and are convertible into common stock at $0.7159 per share, at the option of the holder.
Also in connection with the Series K Notes, the Company issued warrants to purchase 1,556,667 shares of common stock, exercisable for a period of five years at $0.75 per share.
Pursuant to Section 2.2 of the Indenture, there is hereby established the Series J Notes and the Series K Notes (collectively, the “7 1/8% Notes”) having the terms, in addition to those set forth in the Indenture and this Twelfth Supplemental Indenture, set forth in the form of 7 1/8% Notes, attached to this Twelfth Supplemental Indenture as Exhibit A, which is incorporated herein as a part of this Twelfth Supplemental Indenture.
On April 22, 2014, all remaining Series K Notes and accrued interest were converted into approximately 2,002,700 shares of common stock in connection with the Merger described in Note 1.In June 2013 and July 2013, the Company issued convertible promissory notes (“Series L Notes”) in the collective principal amount of $1,000,000.
The Series K Notes, the Series L Notes and the Series M Notes (as each may be amended, restated or otherwise modified from time to time as of the date hereof, collectively, the “Existing Notes”) as of the date hereof remain outstanding.
The terms of such Series J Notes and Series K Notes are herein incorporated by reference and are part of this Tenth Supplemental Indenture.
A trailer mounted demonstration from DUPERON of a new bar rack system was held in April.
The Series K Notes may be redeemed at the Company’s option at any time upon no more than 60 and not less than 30 days’ notice by mail.
Nothing in this Eleventh Supplemental Indenture or in the Series K Notes, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Eleventh Supplemental Indenture.
The Company desires to create a series of the Senior Notes in an aggregate principal amount of $400,000,000 to be designated the “2.75% Senior Notes, Series K, due 2026” (the “Series K Notes”), and all action on the part of the Company necessary to authorize the issuance of the Series K Notes under the Original Indenture and this Eleventh Supplemental Indenture has been duly taken.