Common use of Authorization of Convertible Notes Clause in Contracts

Authorization of Convertible Notes. The Issuer has authorized the issuance and sale of the Convertible Notes in the aggregate principal amount of $80,000,000 (the “Aggregate Principal Amount”) to the Investors. The Convertible Notes shall be convertible into equity of the Issuer, upon the terms set forth in and subject to the provisions of, the form of Convertible Note attached hereto as Exhibit C.

Appears in 2 contracts

Sources: Convertible Note Purchase Agreement (DiamondHead Holdings Corp.), Convertible Note Purchase Agreement (DiamondHead Holdings Corp.)

Authorization of Convertible Notes. The Issuer has authorized the issuance and sale of the Convertible Notes in the aggregate principal amount of $80,000,000 (the “Aggregate Principal Amount”) to the Investors. The Convertible Notes shall be convertible into equity of the Issuer, upon the terms set forth in and subject to the provisions of, the form of Convertible Note attached hereto as Exhibit C.C. ​ ​

Appears in 1 contract

Sources: Convertible Note Purchase Agreement (United Homes Group, Inc.)