Note Issuance. The Manager has the following additional express powers which may be exercised only in accordance with the relevant Transaction Documents:
Note Issuance. The Corporation has authorized the issuance and sale of the Note in the principal amount of USD $2,000,000, such Note to be issued at the Closing.
Note Issuance. The Trust Manager has the power, where the Borrowing takes the form of an issue of Notes, to:
Note Issuance. Subject to the terms and conditions of this Agreement, at the Closing (as defined below) the Company agrees to sell to each Investor, and each Investor severally agrees to purchase from the Company a subordinated, mandatorily convertible note, which shall be convertible into shares of the common stock, par value $0.01 of the Company (“Common Stock”), in substantially the form attached to this Agreement as Exhibit B (individually, a “Note”, and collectively, the “Notes”) in the principal amount set forth opposite such Investor’s name on Exhibit A hereto. The obligations of the Investors to purchase Notes are several and not joint.
Note Issuance. Pledgee has agreed to lend Pledgor $68,500 pursuant to a ------------- promissory note (the "Note"). The Note and the obligations thereunder are as set forth in Exhibit A to this Security Agreement. ---------
Note Issuance. A Note is issued and sold to the original Note purchaser immediately after LendingClub purchases the corresponding Member Loan. LendingClub purchases each Member Loan at least two business days after the Member Loan is issued by the issuing bank, which period may be up to five calendar days where the first or second business day precedes a holiday weekend. As a result of this process, the original Note purchaser will hold each newly purchased Note for less than one month before the first payment is due, making the first payment on such Note (to the extent any corresponding Borrower payments are received) smaller than subsequent monthly payments. The Notes shall be issued, or, if applicable, have been issued, pursuant to an indenture dated October 10, 2008 (as subsequently amended, supplemented or otherwise restated from time to time, the “Indenture”) between LendingClub and Delaware Trust Company (formerly CSC Trust Company of Delaware), a Delaware state-chartered trust company, the trustee under the Indenture for the Notes (the “Trustee”). The form of Note is an exhibit to the Indenture, which is publicly filed with the SEC.
Note Issuance. Subject to the terms and conditions of this Agreement, in return for the Purchase Price provided by each Purchaser, the Company shall sell and issue to such Purchaser one or more Notes. Each Note shall have a principal balance equal to the Purchase Price paid by such Purchaser for the Note, as set forth in the Schedule of Purchasers.
Note Issuance. The obligation of the Purchaser to purchase and pay for Notes on a Draw Date is subject to the satisfaction of the following conditions (unless otherwise waived by the Purchaser):
Note Issuance. The obligation of the Issuers to issue and sell Notes on a Draw Date is subject to the satisfaction of the following conditions (unless otherwise waived by the Issuers):
Note Issuance. In consideration for this Amendment, the Company shall promptly issue to the Investors (pro rata among the Investors based upon the principal amount of Notes held by such Investors) secured convertible notes of the Company in an aggregate principal amount of $2,000,000 for no additional consideration.
