Debt Forgiveness. Immediately prior to the effectiveness of the Merger, Savia agrees to forgive $53,033,424.84 of the principal amount of the Bionova Note, which is all of the principal balance of the Bionova Note that will remain outstanding following the consummation of the Exchange, and all accrued and unpaid interest thereon.
Appears in 8 contracts
Sources: Exchange and Stock Issuance Agreement (Bionova Holding Corp), Exchange and Stock Issuance Agreement (Bionova Holding Corp), Exchange and Stock Issuance Agreement (Bionova Holding Corp)