Note Exchange definition

Note Exchange as defined in the recitals above.

Note Exchange has the meaning given to such term in the Recitals.

Note Exchange means the exchange of the 1.5 Lien Notes and the Excess Notes, if any, for shares of Common Stock valued at $10.00 per share pursuant to the terms of the Exchange Agreement.

Examples of Note Exchange in a sentence

• AND THE "NOTEHOLDERS" IDENTIFIED THEREIN The undersigned hereby executes and delivers the Note Exchange Agreement to which this Signature Page is attached, which, together with all counterparts of the Note Exchange Agreement and Signature Pages of the Company and other "Noteholders" under the Note Exchange Agreement, shall constitute one and the same document in accordance with the terms of the Note Exchange Agreement.

• Note: Exchange Traded Funds (“ETFs”) and closed end funds are not exempt under the Code.

• PJC shall cause the Investor to make an offer to each Senior Note Holder to purchase from each Senior Note Holder who validly accepts and exchanges all of the Senior Notes held by such Senior Note Holder pursuant to the Senior Note Exchange Offer all of the New Senior Notes that will be issued to such Senior Note Holder on the Closing Date at a price equal to the face amount of each New Senior Note purchased in accordance with the terms of the Note Purchase Agreement.

• Notwithstanding anything in this Agreement to the contrary, Emergent may forego launching the Senior Note Exchange Offer in the event that Emergent obtains the agreement of holders of not less than 100% of the aggregate outstanding principal amount of the Senior Notes to sell all of the Senior Notes to PJC or the Investor.

• Section 6.13 of the Agreement shall be amended by replacing the words “On or before the date that is ten (10) Business Days after the date Emergent launches the Convertible Note Exchange Offer” in such section with “Prior to the expiration of the Convertible Note Exchange Offer”.

More Definitions of Note Exchange

Note Exchange means the exchange and cancellation by Ronald P. Erickson and/or his Affiliates of $500,000 of outstanding principal, accrued interest and other amounts due and owing Ronald P. Erickson and/or his Affiliates on the Insider Notes into an aggregate of not more than 5,000,000 shares of Common Stock (the “Exchange Shares”).

Note Exchange has the meaning set forth in Section 1B.

Note Exchange has the meaning set forth in Recital F.

Note Exchange means the transactions contemplated by that certain Note Exchange Agreement, dated as of December 5, 2007 and as may be amended from time to time, by and among the Company and the other Persons named therein.

Note Exchange means the exchange of Senior Unsecured Notes for Second Lien Notes in accordance with, and subject to the terms of, the Transaction Support Agreement.

Note Exchange means the exchanges of notes contemplated by Section 2.2.

Note Exchange means the exchange of certain of the 2001 Senior Subordinated Notes and the 2005 Senior Subordinated Notes for Exchange Notes pursuant to the terms of the Amended and Restated Exchange Offer and Consent Solicitation Statement and Offering Memorandum issued by the Borrower and dated as of November 5, 2010.