Term B Note means a promissory note made by the US Borrower in favor of a Term B Lender evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-3.
Examples of Term B Note in a sentence
The initial Conversion Price for an Term A Note or a Term B Note shall be $0.68.
The Holder shall not pay any costs, fees or any other consideration to the Company for the production and issuance of a new Secured Term B Note.
Upon any partial conversion of this Note and surrender of this Note, a new Secured Term B Note containing the same date and provisions of this Note shall be issued by the Company to the Holder for the unpaid Principal Amount and accrued and unpaid interest thereon which shall not have been converted or paid.
If the Holder has delivered a Conversion Acceptance (together with the surrender of this Note), effective as of a Conversion Date (as hereinafter defined) and in accordance with the Notice of Conversion, the Company shall make the appropriate reduction to the Principal Amount and accrued and unpaid interest thereon outstanding under this Note as entered in its register and its records, and if conversion is in part, issue a new Secured Term B Note in accordance with Section 3.6 hereof.
At the request of any Lender, Borrowers shall deliver a Term A Note or a Term B Note in the principal amount equal to such Lenders Term A Loans or Term B Loans, as applicable, to such Lender.