Conversion of the Notes. Notwithstanding anything to the contrary herein, upon the conversion by a Lender of any amount of the Notes into Capital Stock of the Borrower in accordance with the terms of such Note, the Term Loan of such Lender shall be reduced in an amount equal to the amount of the Notes so converted on the date that such Capital Stock of the Borrower is issued to such Lender.
Appears in 2 contracts
Sources: Credit Agreement (Waitr Holdings Inc.), Credit Agreement (Waitr Holdings Inc.)