XEL Notes

XEL Notes. The convertible promissory notes in the original aggregate principal amount of $10,480,000 due February 5, 2006 issued in connection with the acquisition by the Company of XEL Communications, Inc. and having an outstanding principal balance in the aggregate not in excess of $2,900,000 as of the Subscription Date as amended by the XEL Amendment (as defined in the Exchange Agreement); provided, however, that such notes shall not be amended, restated, renewed, refunded, refinanced or otherwise... extended and the outstanding principal balance shall not be increased after the Subscription Date without the consent of the Required Holders View More