PRINCIPAL TERMS OF THE CONVERTIBLE BONDS Sample Clauses

PRINCIPAL TERMS OF THE CONVERTIBLE BONDS. Interest The Convertible Bonds bear an interest of 6% per annum payable on the Maturity Date or on the date of redemption of the Convertible Bonds. If part or the whole of the Convertible Bonds has been converted into the Conversion Shares, there shall be no interest payable for that part or the whole of the Convertible Bonds.
Sample 1
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PRINCIPAL TERMS OF THE CONVERTIBLE BONDS. Principal Amount An aggregate principal amount of HK$437,000,000. Issue Price 100% of the principal amount of the Convertible Bonds. Form of the Convertible Bonds and Denomination In registered form in the denomination of HK$43,700,000 each. Interest Rate 4% per annum payable semi-annually in arrears. Maturity Date (the ‘‘Maturity Date’’) The date falling on the second (2nd) anniversary of the Issue Date (the “Initial Maturity Date”), provided that the Issuer may designate, with the passing of an extraordinary resolution or a written resolution by the Convertible Bonds Holder(s), (i) the third (3rd) anniversary of the Issue Date (the “Updated Maturity Date”) as the Maturity Date by written notice to the Convertible Bonds Holder(s) at least thirty (30) days before the Initial Maturity Date, and (ii) the fourth (4th) anniversary of the Issue Date as the Maturity Date by written notice to the Convertible Bonds Holder(s) at least thirty (30) days before the Updated Maturity Date (the “Further Updated Maturity Date”), in each case if such date is not a business day, the business day immediately following such date. Status The Convertible Bonds shall constitute direct, senior, unsubordinated, unconditional and secured obligations of the Issuer and shall at all times rank pari passu and without any preference or priority among themselves. Security On or prior to the Issue Date, the Issuer shall procure Xxxxxxx Securities to enter into a share charge (the “Share Charge”) in favour of the Subscriber for the benefit of the Convertible Bonds Holder over the shares of Shengang Securities constituting 15% of the share capital of Shengang Securities as of the Issue Date (the “Charged Shares”). Subject to the Subscriber’s prior written consent and within fifteen (15) business days after the Issuer receives such written consent, the Issuer shall enter into the Security Documents to create in favour of the Subscriber for the benefit of the Convertible Bonds Holders the security interests over the charged assets (the choice or selection of which shall be at the Issuer’s sole discretion) not less than the value to the Charged Shares to the satisfaction of the Subscriber (the “Alternative Charged Assets”). The security over the Charged Shares shall be promptly released by the Subscriber after the security over the Alternative Charged Assets becomes effective and the registration and/or filing of the Alternative Charged Assets in accordance with the applicable laws have been c...
Sample 1
PRINCIPAL TERMS OF THE CONVERTIBLE BONDS. Issuer : The Company Bondholder : China-Africa Manufacturing Investment Co., Limited Principal amount : US$10 million Issue price : US$10 million Maturity date : The fifth anniversary date of the issue date of the Convertible Bonds Interest : The Convertible Bonds shall bear interest from the issue date of the Convertible Bonds at the rate of 7.5% per annum payable semi-annually arrears on 30 April and 31 October in each year Denomination : US$500,000 Conversion period : The conversion period will commence at any time during the period commencing from 3 months after the issue date of the Convertible Bonds up to the close of business on the date which is the 10th Day immediately prior to the maturity date of the Convertible Bonds Initial Conversion Price : The initial Conversion Price is HK$ 1 . 28 per Conversion Share subject to adjustment in the manner provided in the terms and conditions of the Bond Instrument. The initial Conversion Price represents:
Sample 1
PRINCIPAL TERMS OF THE CONVERTIBLE BONDS. The principal terms and conditions of the Convertible Bonds are summarised as follows: Issuer: Dafy Principal amount: US$8,000,000 Status: The Convertible Bonds constitutes direct, general, unconditional, unsubordinated and unsecured obligations of Dafy and shall at all times rank pari passu and without any preference among themselves. The payment obligations of Dafy under the Convertible Bonds shall, save for such obligations as may be provided by mandatory provisions of applicable legislation, at all times rank at least equally with all its other present and future unsecured and unsubordinated obligations. No application will be made for a listing of the Convertible Bonds on the Stock Exchange or any other stock exchange. Conversion price: HK$1.22 per Conversion Share, subject to adjustments which include, among other things, consolidation and sub- division of the Dafy Shares, capitalisation of profits or reserves, capital distributions, rights issues of Dafy Shares or options over Dafy Shares or other securities of Dafy and issue of Dafy Shares or other securities of Dafy in discount. Conversion Shares: Based on the conversion price of HK$1.22 per Conversion Share, upon full conversion, the Convertible Bonds held by the Company are convertible into a total of up to 51,147,540 Dafy Shares at the Conversion Price (subject to adjustments), representing approximately 3.84% of the issued share capital of Dafy as at the date of this announcement or approximately 3.70% of the issued share capital as enlarged by the issue of all Conversion Shares. Maturity Date: 364 days from the issue date of the Convertible Bonds, which can be extended for a six-month period at the option of Dafy. Interest: 6% per annum payable by Dafy every six months in arrears until maturity date or upon the redemption of the Convertible Bonds, whichever is earlier. Conversion period: The period commencing on the next business day after the issue date of the Convertible Bonds and ending on the date that falls on the tenth (10th) day immediately before the maturity date, both dates inclusive. Redemption at Maturity: Unless previously redeemed, converted or cancelled, the Convertible Bonds shall be redeemed on the maturity date at its then outstanding principal amount. Dafy may not redeem the outstanding principal amount of the Convertible Bonds prior to the maturity date unless the Company (or its designated subsidiary) defaults in repayment of the Security Deposit and payment of interest a...
Sample 1
PRINCIPAL TERMS OF THE CONVERTIBLE BONDS. The principal terms of the Convertible Bonds are summarised as follows: Principal amount: HK$60,000,000 Issue price: 100% of the principal amount of the Convertible Bonds. Form and denomination: The Convertible Bonds is in registered form in denomination of HK$5,000,000 each. Interest rate: The Convertible Bonds shall bear interest on the outstanding principal amount from and including the date of its issue at the rate of 8% per annum. Interest shall accrue from day to day and shall be calculated on the basis of the actual number of days elapsed in a year of 365 days, at the Interest Rate on the principal amount of the Convertible Bonds which may be outstanding from time to time. Maturity date: The date falling on the twenty-four months from the Issue Date (both dates inclusive).
Sample 1
PRINCIPAL TERMS OF THE CONVERTIBLE BONDS. The principal terms of the Convertible Bonds are summarised below: Issuer: The Company Principal Amount: HK$300,000,000 Maturity Date: The date falling on the third anniversary of the issue date of the Convertible Bonds Interest: The Convertible Bonds bear interest from the issue date at 1% per annum on the outstanding principal amount of the Convertible Bonds, payable annually in arrears. If the Company fails to pay any amount payable by it under the Convertible Bonds on its due date (including for the avoidance of doubt, the maturity date or the date on which the Convertible Bonds become due and payable prior to the maturity date by reason of occurrence of events of default, as applicable), then default interest shall accrue on the overdue amount from the due date up to (and including) the date of actual receipt of the overdue amount by the Bondholder at the simple rate of 0.5% for the interest period of one month, payable monthly in arrears. Conversion Price: The initial Conversion Price shall be HK$1.93 per Conversion Share (subject to adjustments). The Conversion Price of HK$1.93 represents: (1) a premium of 4.89% to the closing price of HK$1.84 per Share as quoted on the Stock Exchange on the date of the Subscription Agreement; (2) a premium of approximately 7.82% to the average closing price per Share of approximately HK$1.79 as quoted on the Stock Exchange for the last five consecutive trading days up to and including the date of the Subscription Agreement; and (3) a premium of approximately 10.92% to the average closing price per Share of approximately HK$1.74 as quoted on the Stock Exchange for the last ten consecutive trading days up to and including the date of the Subscription Agreement. The Conversion Price was arrived at based on arm’s length negotiations between the parties with reference to the historical price trend and trading volume of the Shares, the existing capital market conditions, the funding needs and financial and trading prospects of the Group’s car parking assets operation and management and private fund management businesses, taking into account (i) the development prospects that the Subscriber will bring to the Group; and (ii) the interest rate of the Convertible Bonds. The Directors consider that the Conversion Price is fair and reasonable and in the interests of the Company and the Shareholders as a whole.
Sample 1
PRINCIPAL TERMS OF THE CONVERTIBLE BONDS. The principal terms of the Convertible Bond to be issued by the Company to the Vendors (or its nominees) are summarised as follows: Aggregate principal amount of the Convertible Bonds: Up to a maximum of HK$124,338,000 Maturity date: Two (2) years from the relevant date of issue Conversion period: The holders of the Convertible Bonds will be able to convert the outstanding principal amount of the Convertible Bonds in whole or in part into Shares at any time following the relevant date of issue until the Maturity Date. Conversion price: Initially set at HK$0.45 per Conversion Share, subject to customary adjustments in the event of share consolidation and subdivision only. Interest rate: Nil Transferability: The Convertible Bonds may be transferrable to any person with the consent of the Company.
Sample 1
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Related to PRINCIPAL TERMS OF THE CONVERTIBLE BONDS

  • Principal Terms Capitalized terms, first appearing in quotations in this Section, elsewhere in the Lease or any Exhibits, are definitions of such terms as used in the Lease and Exhibits and shall have the defined meaning whenever used.

  • Terms of the Notes The following terms relating to the Notes are hereby established:

  • Issuance and Terms of Equipment Notes The Equipment Notes shall be dated the date of issuance thereof, shall be issued in three separate series consisting of Series A, Series B and Series C and in the maturities and principal amounts and shall bear interest as specified in Schedule I hereto. On the date of the consummation of the Transactions, each Equipment Note shall be issued to the Subordination Agent on behalf of the Pass Through Trustees under the Pass Through Trust Agreements. The Equipment Notes shall be issued in registered form only. The Equipment Notes shall be issued in denominations of $1,000 and integral multiples thereof, except that one Equipment Note of each Series may be in an amount that is not an integral multiple of $1,000. Each Equipment Note shall bear interest at the Debt Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on the unpaid Original Amount thereof from time to time outstanding, payable in arrears on April 1, 1998, and on each October 1 and April 1 thereafter until maturity. The Original Amount of each Equipment Note shall be payable on the dates and in the installments equal to the corresponding percentage of the Original Amount as set forth in Schedule I hereto which shall be attached as Schedule I to the Equipment Notes. Notwithstanding the foregoing, the final payment made under each Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, such Equipment Note. Each Equipment Note shall bear interest at the Payment Due Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on any part of the Original Amount, Make-Whole Amount, if any, and, to the extent permitted by applicable Law, interest and any other amounts payable thereunder not paid when due for any period during which the same shall be overdue, in each case for the period the same is overdue. Amounts shall be overdue if not paid when due (whether at stated maturity, by acceleration or otherwise). Notwithstanding anything to the contrary contained herein, if any date on which a payment under any Equipment Note becomes due and payable is not a Business Day then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day and if such payment is made on such next succeeding Business Day, no interest shall accrue on the amount of such payment during such extension.

  • Terms of Notes The following terms relating to the Notes are hereby established:

  • Issue and Redemption of Fund Shares All expenses incurred in connection with the issue, redemption, and transfer of the Fund’s shares, including the expense of confirming all share transactions;

  • Issuance and Purchase of the Notes (a) Delivery of the Funding Agreement and the Guarantee to the Custodian, on behalf of the Indenture Trustee, pursuant to the Assignment or execution of the cross receipt contained in the Closing Instrument shall be confirmation of payment by the Trust for the Funding Agreement.

  • Optional Redemption of Notes Prior to the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) (the “Redemption Price”) equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to but excluding the Redemption Date; and (ii) 100% of the principal amount of the Notes; plus, in either case, accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time or from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date. Notwithstanding the foregoing, if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). The Company shall not redeem the Notes pursuant to this Section 4.1 if on any date the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded or cured on or prior to such date. The Company’s actions and determinations in determining the Redemption Price shall be conclusive and binding for all purposes, absent manifest error.

  • Purchase and Redemption of Fund Shares 1.1. The Fund and the Underwriter agree to make available for purchase by the Company shares of the Portfolios and shall execute orders placed for each Account on a daily basis at the net asset value next computed after receipt by the Fund or its designee of such order. For purposes of this Section 1.1, the Company shall be the designee of the Fund and the Underwriter for receipt of such orders from each Account and receipt by such designee shall constitute receipt by the Fund; provided that the Fund receives notice of such order by 10:00 a.m. Eastern time on the next following Business Day. "

  • General Terms and Conditions of the Notes Section 201.

  • Notice and Terms of Optional Prepayment The Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, Houston, Texas time, three Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, Houston, Texas time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02.

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