Pledged Note Proceeds

Pledged Note Proceeds. The amount of (i) principal payments made to or on behalf of the Pledgor or its designee under the Pledged Note and/or the Other NXSN Note; (ii) consideration received by or on behalf of the Pledgor or its designee upon the sale, transfer or assignment, or in exchange for or as part of the restructuring, reduction or work-out of the obligations of all or a portion of the Pledged Note and/or Other NXSN Note; and (iii) consideration received by or on behalf of the Pledgor or its designee for... effectuating the conversion or split of all or a portion of the Pledged Note and/or Other NXSN Note (but not including any preferred stock issued upon the conversion thereof or any Other NXSN Note) View More