Common use of New Note Instruments Clause in Contracts

New Note Instruments. Upon request of the Holder for the Note to be broken down into a number of note instruments of smaller principal amounts, the Company shall issue additional note instruments of such smaller principal amounts without charge within three (3) Business Days after the date of such request, provided that the existing note instrument of this Note shall be returned by the Holder to the Company for cancellation.

Appears in 6 contracts

Sources: Convertible Note Purchase Agreement (Lotus Technology Inc.), Convertible Notes Subscription Agreement (NIO Inc.), Convertible Notes Subscription Agreement (NIO Inc.)

New Note Instruments. Upon request of the Holder for the this Note to be broken down into a number of note instruments of smaller principal amounts, the Company Issuer shall issue additional new note instruments of such smaller principal amounts without charge within three (3) Business Days after the date of such request, provided that each new note instrument will have a principal amount of at least US$1,000,000 and the existing note instrument of this Note shall be returned delivered by the Holder to the Company Issuer for cancellation.

Appears in 3 contracts

Sources: Convertible Notes and Warrant Purchase Agreement (Q&K INTERNATIONAL GROUP LTD), Convertible Notes and Warrant Purchase Agreement (Q&K INTERNATIONAL GROUP LTD), Convertible Notes and Warrant Purchase Agreement (Crescent Capital Investments Ltd.)

New Note Instruments. Upon request of the Holder for the Note to be broken down into a number of note instruments of smaller principal amounts, the Company shall issue additional note instruments of such smaller principal amounts without charge within three ten (310) Business Days after the date of such request, Days; provided that the existing note instrument of this Note shall be returned by the Holder to the Company for cancellation.

Appears in 1 contract

Sources: Convertible Note Purchase Agreement (Puxin LTD)