Common use of Conversion Procedure; Settlement Upon Conversion Clause in Contracts

Conversion Procedure; Settlement Upon Conversion. (a) This Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion Date”) that is the Maturity Date, provided that the Holder has delivered a duly completed irrevocable written notice to the Company (the “Conversion Notice”) to the Company during the Conversion Period. Within five (5) Business Days after the delivery of the Note and the Conversion Notice to the Company, the Company shall (i) take all actions and execute all documents necessary to effect the issuance of the full number of Class A Shares to which the Holder shall be entitled in satisfaction of any conversion pursuant to Section 3.1, (ii) deliver to the Holder certificate(s) representing the number of Class A Shares delivered upon each such conversion, (iii) deliver to the Holder a certified copy of the register of members of the Company, reflecting the Holder’s ownership of the Class A Shares delivered upon each such conversion, and (iv) cancel the Note. No Conversion Notice may be delivered and the Note may not be surrendered by a Holder for conversion thereof if the Holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of the Note and not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Article 5.

Conversion Procedure; Settlement Upon Conversion. (a) This Subject to Section 3.3(b), this Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion Date”) that is the Maturity Date, provided that the Holder has delivered a duly completed irrevocable written notice to the Company (the “Conversion Notice”) and the Note for cancellation to the Company during the Conversion PeriodCompany. Within five (5) Business Days after the delivery of the Note and the Conversion Notice to the Company, the Company shall (i) take all actions and execute all documents necessary to effect the issuance of the full number of Class A Shares to which the Holder shall be entitled in satisfaction of any conversion pursuant to Section 3.1, (ii) deliver to the Holder certificate(s) representing the number of Class A Shares delivered upon each such conversion, (iii) deliver to the Holder a certified copy of the register of members of the Company, reflecting the Holder’s ownership of the Class A Shares delivered upon each such conversion, and (iv) subject to Section 3.3(b), cancel the Note. No Conversion Notice may be delivered and the Note may not be surrendered by a Holder for conversion thereof if the Holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of the Note and not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Article 5.

Conversion Procedure; Settlement Upon Conversion. (a) This Subject to Section 3.3(c), this Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion Date”) that is the Maturity Date, provided that the Holder has delivered a duly completed irrevocable written notice to the Company (the “Conversion Notice”) and the Note for cancellation to the Company during the Conversion PeriodCompany. Within five (5) three Business Days after the delivery of the Note and the Conversion Notice to the CompanyCompany pursuant to Section 3.1 above, the Company shall (i) take all actions and execute all documents necessary to effect the issuance of the full number of Class A Shares ADSs to which the Holder shall be entitled in satisfaction of any conversion pursuant to Section 3.1, (ii) if required by applicable Law, deliver to the Holder certificate(s) representing the number of Class A Shares ADSs delivered upon each such conversion, conversion and (iii) deliver subject to the Holder a certified copy of the register of members of the CompanySection 3.3(c), reflecting the Holder’s ownership of the Class A Shares delivered upon each such conversion, and (iv) cancel the Note. No Conversion Notice may be delivered and the Note may not be surrendered by a Holder for conversion thereof if the Holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of the Note and not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Article ARTICLE 5.

Conversion Procedure; Settlement Upon Conversion. (a) This Subject to Section 3.3(c), this Note shall be deemed to have been converted immediately prior to the close of business on the date Business Day (the “Conversion Date”) that is the Maturity Date, provided that the Holder has delivered a duly completed irrevocable written notice to the Company (the “Conversion Notice”) and the Note for cancellation to the Company during conversion agent (as specified in the Conversion PeriodIndenture). Within five (5) three Business Days after the delivery of the Note and the Conversion Notice to the CompanyConversion Agent pursuant to Section 3.1 above, the Company shall (i) take all actions and execute all documents necessary to effect the issuance of the full number of Class A Ordinary Shares to which the Holder shall be entitled in satisfaction of any conversion pursuant to Section 3.1, (ii) if required by applicable Law, deliver to the Holder certificate(s) representing the number of Class A Ordinary Shares delivered upon each such conversion, conversion and (iii) deliver subject to Section 3.3(c), cancel (or cause the Holder a certified copy of the register of members of the Company, reflecting the Holder’s ownership of the Class A Shares delivered upon each such conversion, and (ivcancellation of) cancel the Note. No Conversion Notice may be delivered and the Note may not be surrendered by a Holder for conversion thereof if the Holder has also delivered a Fundamental Change Repurchase Notice or a Founder Departure Repurchase Notice to the Company Conversion Agent in respect of the Note and not validly withdrawn such Fundamental Change Repurchase Notice or Founder Departure Repurchase Notice in accordance with Article ARTICLE 5.

Conversion Procedure; Settlement Upon Conversion. (a) This Subject to Section 3.3(b), this Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion Date”) that is the Maturity Date, provided that the Holder has delivered a duly completed irrevocable written notice to the Company (the “Conversion Notice”) and the Note for cancellation to the Company during the Conversion PeriodCompany. Within five three (53) Business Days after the delivery of the Note and the Conversion Notice to the CompanyCompany pursuant to Section 3.1 above, the Company shall (i) take all actions and execute all documents necessary to effect the issuance of the full number of Class A Shares to which the Holder shall be entitled in satisfaction of any conversion pursuant to Section 3.1‎3.1, (ii) deliver to the Holder certificate(s) representing the number of Class A Shares delivered upon each such conversion, (iii) deliver to the Holder a certified copy of the register of members of the Company, reflecting the Holder’s ownership of the Class A Shares delivered upon each such conversion, conversion and (iv) subject to Section ‎3.3(b), cancel the Note. No Conversion Notice may be delivered and the Note may not be surrendered by a Holder for conversion thereof if the Holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of the Note and not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Article 5.

Conversion Procedure; Settlement Upon Conversion. (a) This Subject to Section 3.3(b), this Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion Date”) that is the Maturity Date, provided that the Holder has delivered a duly completed irrevocable written notice to the Company (the “Conversion Notice”) and the Note for cancellation to the Company during the Conversion PeriodCompany. Within five (5) Business Days after the delivery of the Note and the Conversion Notice to the CompanyCompany pursuant to Section 3.1 above, the Company shall (i) take all actions and execute all documents necessary to effect the issuance of the full number of Class A Shares to which the Holder shall be entitled in satisfaction of any conversion pursuant to Section 3.1, (ii) deliver to the Holder certificate(s) representing the number of Class A Shares delivered upon each such conversion, (iii) deliver to the Holder a certified copy of the register of members of the Company, reflecting the Holder’s ownership of the Class A Shares delivered upon each such conversion, and (iv) pay the Top-up Interest and the accrued and unpaid Regular Interest on the principal amount of the Note or the relevant portion thereof as being converted, in each case to (and including) the Conversion Date, and (v) subject to Section 3.3(b), cancel the Note. No Conversion Notice may be delivered and the Note may not be surrendered by a Holder for conversion thereof if the Holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of the Note and not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Article 5.

Conversion Procedure; Settlement Upon Conversion. (a) This Subject to Section 3.3(b), this Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion Date”) that is the Maturity Date, provided that the Holder has delivered a duly completed irrevocable written notice to the Company (the “Conversion Notice”) and the Note for cancellation to the Company during the Conversion PeriodCompany. Within five three (53) Business Days after the delivery of the Note and the Conversion Notice to the CompanyCompany pursuant to Section 3.1 above, the Company shall (i) take all actions and execute all documents necessary to effect the issuance of the full number of Class A Shares to which the Holder shall be entitled in satisfaction of any conversion pursuant to Section 3.1, (ii) deliver to the Holder certificate(s) representing the number of Class A Shares delivered upon each such conversion, (iii) deliver to the Holder a certified copy of the register of members of the Company, reflecting the Holder’s ownership of the Class A Shares delivered upon each such conversion, conversion and (iv) subject to Section 3.3(b), cancel the Note. No Conversion Notice may be delivered and the Note may not be surrendered by a Holder for conversion thereof if the Holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of the Note and not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Article 5.

Conversion Procedure; Settlement Upon Conversion. (a) This Subject to Section 14.02(c), each Note shall be deemed to have been converted immediately prior to the close of business on the date Business Day (the “Conversion Date”) that is the Maturity Date, provided that the converting Holder has delivered a duly completed irrevocable written notice to the Company (the “Conversion Notice”) ), substantively in the form of Exhibit D attached hereto, and the relevant Note for cancellation to the Company during Conversion Agent. The Conversion Agent shall then promptly provide a copy of such Conversion Notice to the Conversion PeriodCompany. Within five (5) three Business Days after the delivery of the Note and the Conversion Notice to the CompanyConversion Agent, the Company shall (i) take all actions and execute all documents necessary to effect the issuance of the full number of Class A Ordinary Shares to which the Holder shall be entitled in satisfaction of any conversion pursuant to Section 3.1this Article 14, (ii) if required by applicable Law, deliver to the Holder certificate(s) representing the number of Class A Ordinary Shares delivered upon each such conversion, conversion and (iii) deliver subject to Section 14.02(c), cancel (or cause the Holder a certified copy of the register of members of the Company, reflecting the Holder’s ownership of the Class A Shares delivered upon each such conversion, and (ivcancellation of) cancel the Note. No Conversion Notice may be delivered and the Note may not be surrendered by a Holder for conversion thereof if the Holder has also delivered a Fundamental Change Repurchase Notice or a Founder Departure Repurchase Notice to the Company Conversion Agent in respect of the Note and not validly withdrawn such Fundamental Change Repurchase Notice or Founder Departure Repurchase Notice in accordance with Article 515.

Conversion Procedure; Settlement Upon Conversion. (a) This Subject to Section 3.3(c), this Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion Date”) that is the Maturity Date, provided that the Holder has delivered a duly completed irrevocable written notice to the Company specifying its intention to convert the Note (or a portion thereof) (the “Conversion Notice”) and the Note for cancellation to the Company during the Conversion PeriodCompany. Within five (5) three Business Days after the delivery of the Note and the Conversion Notice to the CompanyCompany pursuant to Section 3.1 above, the Company shall (i) take all actions and execute all documents necessary to effect the issuance of the full number of Class A Shares ADSs to which the Holder shall be entitled in satisfaction of any conversion pursuant to Section 3.1, (ii) if required by applicable Law, deliver to the Holder certificate(s) representing the number of Class A Shares ADSs delivered upon each such conversion, conversion and (iii) deliver subject to the Holder a certified copy of the register of members of the CompanySection 3.3(c), reflecting the Holder’s ownership of the Class A Shares delivered upon each such conversion, and (iv) cancel the Note. No Conversion Notice may be delivered and the Note may not be surrendered by a Holder for conversion thereof if the Holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of the Note and not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Article 5ARTICLE 6.

Conversion Procedure; Settlement Upon Conversion. (a) This Subject to Section 3.3(c), this Note shall be deemed to have been converted immediately prior to the close of business on the date (the “Conversion Date”) that is the Maturity Date, provided that the Holder has delivered a duly completed irrevocable written notice to the Company (the “Conversion Notice”) and the Note for cancellation to the Company during the Conversion PeriodCompany. Within five (5) three Business Days after the delivery of the Note and the Conversion Notice to the CompanyCompany pursuant to Section 3.1 above, the Company shall (i) take all actions and execute all documents necessary to effect the issuance of the full number of Class A Shares ADSs to which the Holder shall be entitled in satisfaction of any conversion pursuant to Section 3.1, (ii) if required by applicable Law, deliver to the Holder certificate(s) representing the number of Class A Shares ADSs delivered upon each such conversion, conversion and (iii) deliver subject to the Holder a certified copy of the register of members of the CompanySection 3.3(c), reflecting the Holder’s ownership of the Class A Shares delivered upon each such conversion, and (iv) cancel the Note. No Conversion Notice may be delivered and the Note may not be surrendered by a Holder for conversion thereof if the Holder has also delivered a Fundamental Change Repurchase Notice to the Company in respect of the Note and not validly withdrawn such Fundamental Change Repurchase Notice in accordance with Article 5ARTICLE 6.