Rollover Note definition
Examples of Rollover Note in a sentence
All parties now and hereafter liable with respect to this Rollover Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind.
Upon the occurrence of any one or more of the Events of Default specified in the Loan Agreement all amounts then remaining unpaid on this Rollover Note may become, or may be declared to be, immediately due and payable, all as provided therein.
This Note is the Rollover Note referred to in the Bridge Loan Agreement dated as of February 19, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) among Company, the financial institutions from time to time party thereto and Deutsche Bank AG Cayman Islands Branch, as administrative agent, and is entitled to the benefits thereof and of the other Loan Documents (as defined in the Loan Agreement).
Any such exchanging Lender shall deliver its Rollover Note, if any, to the Administrative Agent within three Business Days following delivery of an Exchange Notice.
Prior to the Termination Date and subject to the Maximum Financing Amount, the Borrower shall have the right to request that the aggregate principal amount of a Rollover Note Purchase shall include the accrued and unpaid Carrying Costs on the Notes being refinanced with the Rollover Note Purchase.
No failure on the part of the Joint Collateral Agent, the Administrative Agent, the Rollover Note Trustee or any Secured Party to exercise, no course of dealing with respect to and no delay in exercising, any right, power or privilege under this Agreement or the Collateral Documents shall operate as a waiver thereof nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege.
All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default (as each term is defined in the Credit Agreement or the Rollover Note Indenture) if such action is taken or condition exists.
If the Administrative Agent, the Rollover Note Trustee, any Lender or any Rollover Noteholder shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Joint Collateral Agent in accordance with the terms of this Agreement.
The Company may at any time, by notice to each Holder of a Note or Rollover Note, change the place of payment of the Notes or Rollover Notes so long as such place of payment shall be either the principal office of the Company in such jurisdiction or the principal office of a bank or trust company in such jurisdiction.
The number of Conversion Shares to be issued upon such conversion shall be equal to the quotient obtained by dividing the outstanding principal and unpaid accrued interest on a Note or Rollover Note to be converted on the date of conversion, by the Conversion Price.