EOD Repurchase. If an Event of Default has occurred and is continuing, and with the approval by the Bondholders of at least 25% in aggregate principal amount of the Bonds then outstanding, the Holder shall be entitled to require, by providing a written notice, its Bond to be repurchased by the Company at a repurchase price equal to the principal of such Bond plus a premium on such Bond in order to ensure an Internal Rate of Return with respect to such Bond of 8.00%.
Appears in 2 contracts
Sources: Convertible Bonds Subscription Agreement (Inovio Pharmaceuticals, Inc.), Convertible Bonds Subscription Agreement (Inovio Pharmaceuticals, Inc.)