Convertible Bridge Loan Sample Clauses

Convertible Bridge Loan. 1. Subject to the terms and conditions of this Agreement, the Investors grant to the Company a loan in the amount of up to Euro 2,000,000 which may be convertible into shares of the Company as provided in this Agreement and is divided into (i) a tranche A of EUR 1,500,000 and (ii) a tranche B of up to EUR 500,000 (the “Convertible Bridge Loan”).
Sample 1
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Convertible Bridge Loan. Upon approval of this Agreement by the Board ----------------------- and receipt of the opinion of counsel referenced in paragraph 12, Xxxx shall make a bridge loan to the Company in the principal amount of $200,000 evidenced by a promissory note ("Bridge Loan"). The principal amount of the Bridge Loan shall bear interest at the rate of 10% per annum and shall be due and payable on July 1, 2000. The principal amount and all accrued interest under the Bridge Loan may, at the election of Xxxx, be applied toward the purchase of Series A Preferred stock, or, in the event of the failure of a Specified Condition described in paragraph 1(g) below, may, at the election of Xxxx, be applied toward the purchase of Common Stock in accordance with the terms of such paragraph 1(g).
Sample 1
Convertible Bridge Loan the term loan in the aggregate amount of ----------------------- $40,000,000 to be made by FINOVA to Borrowers pursuant to subsection 2.1.3 of this Loan Agreement.
Sample 1
Convertible Bridge Loan. The Convertible Bridge ----------------------- Loan shall consist of a term loan from FINOVA to Borrowers in the aggregate amount of $40,000,000. FINOVA shall disburse the proceeds of the Convertible Bridge Loan to or as directed by Borrowers when all of the terms and conditions set forth in Paragraph 3 of the First Amendment have been satisfied."
Sample 1
Convertible Bridge Loan. The Principal Balance of the ----------------------- Convertible Bridge Loan shall be due and payable on the Initial CBL Maturity Date; provided, however, in the event InfoCure shall not have consummated an Offering on or before the Initial CBL Maturity Date the net proceeds of which shall have been sufficient to repay in full the Principal Balance of the Convertible Bridge Loan on the Initial CBL Maturity Date in accordance with subsection 2.6.2(b), then the Principal Balance of the Convertible Bridge Loan (after giving effect to any repayments thereof required to be made under subsection 2.6.2(b) and subsection 2.6.2(c)) shall be payable in fifteen (15) consecutive quarterly installments on the first Business Day of each quarter commencing with the first Business Day of the quarter immediately succeeding the quarter in which the Initial CBL Maturity Date occurs. Each such installment shall be in an amount equal to the applicable percentage of the Principal Balance of the Convertible Bridge Loan on the Initial CBL Maturity Date (after giving effect to any repayments thereof required to be made under subsection 2.6.2(b) and subsection 2.6.2(c)) as set forth below: Installment Percentage ----------- ---------- 1 through 4 2.5% 5 through 12 5.0% 13 through 14 10.0% 15 Then Remaining Principal Balance"
Sample 1
Convertible Bridge Loan 
Sample 1

Related to Convertible Bridge Loan

  • Convertible Note 9 Section 3.8

  • Bridge Loan The proceeds of the Bridge Loan shall be applied by ----------- the Borrower, together with borrowings under the Senior Credit Facility and funds raised in the Equity Financing, to the payment of the Transaction Costs and to pay the consideration for the Xxxxxxxx Acquisition.

  • Convertible Debt On or prior to the Closing Date, the Company will cause to be cancelled all convertible debt in the Company. For a period of two years from the closing the Company will not issue any convertible debt below $0.90 per share.

  • Convertible Notes The Convertible Notes are subject to different conversion calculations depending on the event triggering conversion as described in the Notes (e.g., an IPO or other liquidity event). For illustration purposes, assuming the optional conversion right is exercised today, based on the current capitalization and the $50,000,000 assumed valuation specified for an optional conversion in the Notes, there would be 4,705,224 additional shares issued; provided however, that each holder of Notes is subject to a maximum 9.99% ownership of the shares of capital stock of the Company at any one time. This illustration calculation does not account for the 6% interest component.

  • Bridge Loans For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would automatically either be extended as, converted into or required to be exchanged for, permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.

  • Convertible Debentures The Definition of the term "Convertible Debentures" as used in the Master Agreement shall hereinafter include the Additional Debentures.

  • Options and Convertible Securities The consideration per share received by the Company for Additional Shares of Common Stock issued pursuant to Section 3.3(2), relating to Options and Convertible Securities, shall be determined by dividing:

  • Purchase of Convertible Debentures Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at each Closing and the Company agrees to sell and issue to each Buyer, severally and not jointly, at each Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer’s name on Schedule I hereto.

  • Treatment of Options and Convertible Securities In case the Company at any time or from time to time after the date hereof shall issue, sell, grant or assume, or shall fix a record date for the determination of holders of any class of securities entitled to receive, any Options or Convertible Securities, then, and in each such case, the maximum number of Additional Shares of Common Stock (as set forth in the instrument relating thereto, without regard to any provisions contained therein for a subsequent adjustment of such number) issuable upon the exercise of such Options or, in the case of Convertible Securities and Options therefor, the conversion or exchange of such Convertible Securities, shall be deemed to be Additional Shares of Common Stock issued as of the time of such issue, sale, grant or assumption or, in case such a record date shall have been fixed, as of the close of business on such record date (or, if the Common Stock trades on an ex-dividend basis, on the date prior to the commencement of ex-dividend trading), provided that such Additional Shares of Common Stock shall not be deemed to have been issued unless the consideration per share (determined pursuant to Section 2.5) of such shares would be less than the Current Market Price immediately prior to such issue, sale, grant or assumption or immediately prior to the close of business on such record date (or, if the Common Stock trades on an ex-dividend basis, on the date prior to the commencement of ex-dividend trading), as the case may be, and provided, further, that in any such case in which Additional Shares of Common Stock are deemed to be issued

  • Promissory Note The Promissory Note as set forth in Section 2;

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