Tranche A Note definition
Examples of Tranche A Note in a sentence
Subject to all of the terms and conditions hereof, the Company agrees to issue and sell to Investor, and Investor agrees to purchase, a senior convertible promissory note in the form of Exhibit A-2 hereto (the “Tranche B Note”; and the Tranche B Note together with the Tranche A Note, the “Notes”) in the principal amount set forth opposite Investor’s name under the heading “Tranche B Note” on Schedule I hereto.
At the Tranche A Closing, the Company will deliver to Investor the Tranche A Note to be purchased by Investor at such Tranche A Closing, against receipt by the Company of the corresponding purchase price set forth on Schedule I hereto (the “Tranche A Purchase Price”).
For the Tranche A Closing, Investor shall have delivered to the Company the Tranche A Purchase Price in respect of the Tranche A Note being purchased by Investor referenced in Section 1(c) hereof.
The sale and purchase of the Tranche A Note shall take place at a closing (the “Tranche A Closing”) to be held on the date on which the conditions specified in Sections 4 and 5 are satisfied (or waived in accordance with Section 6(a)) (the “Tranche A Closing Date”).
The Tranche A Note of Investor will be registered in Investor’s name in the Company’s records.