Grid Note definition
Examples of Grid Note in a sentence
Unless the entire Outstanding Balance hereunder has been repaid in full by the Company to the Lender on or before the Maturity Date, on the Maturity Date the Company and the Lender shall cause this Note to be converted into the an 11.5% Senior Secured Grid Note pursuant to that certain Securities Purchase Agreement, dated as of September 28, 2004, by and between Lender and the Company (the "SPA").
Borrower shall reimburse the Lender for all costs and expenses incurred by the Lender in connection with the enforcement of this Grid Note or any document, instrument or agreement relating thereto.
No amendment, modification, or waiver of any provision of this Grid Note nor consent to any departure by Borrower therefrom shall be effective unless the same shall be in writing and signed by the Lender and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.
The provisions of this Grid Note are severable, and if any provision shall be held invalid or unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall not in any manner affect such provision in any other jurisdiction or any other provision of this Grid Note in any jurisdiction.
The headings herein are for convenience only and shall not limit or define the meaning of the provisions of this Grid Note.