Warrant Conversion Note definition

Warrant Conversion Note means a promissory note in an aggregate principal amount required by the Warrant issued to the Purchaser by the Company in connection with an exercise of the Put Notice (as defined in the Warrant) under the Warrant and the corresponding conversion thereafter to debt in accordance with (and as more particularly described in) the Warrant, as revised by the Side Letter, as such promissory note may be amended, restated, replaced, substituted or otherwise modified from time to time. ”
Sample 1

Examples of Warrant Conversion Note in a sentence

  • The Interest accruing on the Principal Balance of this Warrant Conversion Note shall be payable to the Holder in cash upon the payment in full of the entire outstanding Principal Balance of this Warrant Conversion Note (whether on the Maturity Date or as a result of the acceleration of the maturity thereof), or if a prepayment of this Warrant Conversion Note is made, on the Principal Balance prepaid, and, if payment in full is not paid when due, thereafter on demand.

  • This Warrant Conversion Note is in registered form within the meaning of that term under Section 163(f) of the Code.

  • Phase II will include the previous closing of ATB #1 and the construction of the South Cooling Pond; however, the new Phase III will include the closure of ATB #2 that was originally in Phase II.

  • Each such new Warrant Conversion Note shall be dated as of the date to which interest has been paid on the unpaid principal amount of the Warrant Conversion Note or Warrant Conversion Notes so surrendered and shall be in such principal amount and registered in such name or names as such Holder may designate in writing.

  • For the avoidance of doubt, the Borrower hereby acknowledges and agrees that, based on the Date of Issuance of this Warrant Conversion Note, the fee referenced in Section 3 of Amendment No. 5 shall be in an amount equal to $3,425.17.

  • The aggregate of all interest (whether designated as interest, service charges, points or otherwise) contracted for, chargeable, or receivable under this Warrant Conversion Note shall under no circumstances exceed the maximum legal rate upon the Principal Balance of this Warrant Conversion Note remaining unpaid from time to time.

  • There were little if any empirical data in this area as this was being written.

  • Except as otherwise expressly provided herein, the Principal Balance of this Warrant Conversion Note shall bear interest (computed on the basis of actual days elapsed in a 360-day year) at the rate of eleven and 50/100 percent (11.50%) per annum (“Interest”).

  • This Warrant Conversion Note shall be binding upon the Borrower and its successors and assigns, and shall inure to the benefit of the Holder and the benefit of its successors and assigns, including any subsequent holder of the Warrant Conversion Note.

  • Subject to the terms of Section 2(c) below, the Borrower, at its option, may prepay all or any portion of this Warrant Conversion Note on any scheduled quarterly payment date set forth in the Note (as defined in the Purchase Agreement) at a prepayment price of one hundred percent (100%) of the Principal Balance to be prepaid, plus accrued and unpaid interest to the prepayment date.

Related to Warrant Conversion Note

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Optional Conversion has the meaning set forth in Section 6(a).

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Mandatory Conversion Notice has the meaning ascribed thereto in Section 4.5(a);

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.

  • this Warrant means, collectively, this Warrant and all other stock purchase warrants issued in exchange therefor or replacement thereof.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Amount means the sum of the Stated Value at issue.

  • Forced Conversion Notice shall have the meaning set forth in Section 6(d).

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.