Bridge Notes. The Administrative Agent shall have received executed amendments to each Bridge Note existing on the Closing Date, in form and substance satisfactory to the Administrative Agent in order to subordinate all obligations thereunder to the Obligations, subject to permitted payments under Section 9.07.
Bridge Notes. The Bridge Loan Holders, ADRM and Aduromed hereby agree that as of the Effective Time the Bridge Notes in the principal amount of $1,275,000 shall convert automatically and without further action on their part into 93,750,000 shares of Common Stock. From and after June 30, 2008 no further principal or interest shall accrue or be payable on such Bridge Notes. ADRM hereby agrees to take any and all necessary or appropriate actions to issue and register pursuant to the Securities Act of 1933 the Common Stock contemplated to be issued pursuant to such aforementioned conversion. The parties hereto further agree that Xxxxxx and the Xxxxx/Xxxxx Secured Parties may, prior to the Effective Time, transfer Bridge Notes among themselves on such terms as they shall agree, but that any such transfers shall not effect the principal amount of Bridge Notes outstanding or the resulting number of shares of Common Stock resulting from such conversion as set forth above. Xxxxxx and the Xxxxx/Xxxxx Secured Parties shall advise ADRM prior to the Effective Time as to the respective principal amounts of Bridge Notes held by them as of the Effective Time.
Bridge Notes. The Company shall execute and deliver to each Lender on the Closing Date a Bridge Note dated the Closing Date substantially in the form of Exhibit I annexed hereto to evidence the portion of the Bridge Loan made on such date by such Lender and with appropriate insertions ("Original Bridge Notes"). On each interest payment date prior to the Maturity Date on which the Company elects to pay a PIK Interest Amount pursuant to Section 2.3(b), the Company shall execute and deliver to each Lender on such interest payment date a Bridge Note dated such interest payment date substantially in the form of Exhibit I annexed hereto in a principal amount equal to such Lender's pro rata portion of such PIK Interest Amount and with other appropriate insertions (each a "Subsequent Bridge Note" and, together with the Original Bridge Notes, the "Bridge Notes"). A Subsequent Bridge Note shall bear interest from the date of its issuance at the same rate borne by all Bridge Notes.
Bridge Notes. Debtor's failure to pay all amounts outstanding under the Bridge Notes on or before the Maturity Date (as defined in the Bridge Notes).
Bridge Notes. Bridge Notes shall mean, collectively, the Notes ------------ of a duly authorized issue of notes of the Company limited in aggregate principal amount to $600,000, maturing on February 29, 2000.
Bridge Notes. The Company shall execute and deliver to each Lender on the Closing Date a Bridge Note dated the Closing Date substantially in the form of Exhibit I to evidence such Lender's pro rata share of the Bridge Loan Commitment and with appropriate insertions (the "Bridge Notes").
Bridge Notes. Principal of the Bridge Note or Notes shall be due and payable to the Agent for the ratable benefit of the Lenders on the Bridge Loan Maturity Date unless earlier due in whole or in part as a result of an acceleration of the amount due.
Bridge Notes. Section 7.3(i) Bridge Warrants........................................................................Section 7.3(i) Certificate of Merger.....................................................................Section 1.2 Certificates...........................................................................Section 4.2(b) Chatsworth Agreement...................................................................Section 5.2(k) Closing...................................................................................Section 1.3
Bridge Notes. Concurrent with the execution and delivery of this Agreement: (i) the Investors will purchase from the Company the Bridge Notes, with an aggregate principal balance of up to $1,500,000, in the respective amounts set forth on Annex I; (ii) the Company shall execute and deliver to the Investors the Security Agreement, in the form attached hereto as Exhibit D, and (iii) RXi shall execute and deliver the Guaranty and the Pledge Agreement, in the forms attached hereto as Exhibits E and I, respectively. On or before the Closing (as defined in the Subscription Agreement), RXi shall deliver to the Investors an opinion from TroyGould PC, counsel to the Company and RXi (or other counsel reasonably acceptable to the Investors), its opinion with respect to the Bridge Note and the Subscription Agreement to the effect set forth in Exhibit H-1 attached hereto.
Bridge Notes. The (i) $2,000,000 in subordinated promissory notes of INT'X.xxx dated January 14, 2000, (ii) $1,000,000 in subordinated promissory notes of INT'X.xxx dated March 8, 2000 and (iii) up to an additional $2,000,000 in subordinated promissory notes of INT'X.xxx issued to existing investors of INT'X.xxx on terms identical to the promissory notes described in clause (ii) and any interest accrued thereon (collectively, the "INT'X.XXX BRIDGE NOTES") shall be paid in full and cancelled by delivery of the Bridge Note Payment Shares to the holders thereof in proportion to their respective interests in the INT'X.xxx Bridge Notes. "BRIDGE NOTE PAYMENT SHARES" shall mean a number of shares of Parent Common Stock determined by dividing the aggregate principal amount payable under the INT'X.xxx Bridge Notes plus any interest accrued on the INT'X.xxx Bridge Notes as of the Closing by the Parent Average Closing Price. The Bridge Note Payment Shares along with the Convertible Note Payment Shares herein referred to as the "NOTE PAYMENT SHARES." In lieu of any fractional shares, any holder of an INT'X.xxx Bridge Note who would otherwise be entitled to a fraction of a share of Parent Common Stock (after aggregating all fractional shares of Parent Common Stock to be received by such holder) will be paid the cash value of such fraction (rounded down to the nearest whole cent), which will be equal to such fraction MULTIPLIED BY the Parent Average Closing Price.
