Common use of Repurchase on Maturity Date Clause in Contracts

Repurchase on Maturity Date. Unless previously repurchased or surrendered and converted, the Company shall, without any action on the part of the Holder, redeem this Note in whole on the Maturity Date at a price (the “Maturity Repurchase Price”) equal to (A) the outstanding principal amount, plus (B) a premium which shall be equal to 2.0% of the outstanding principal amount, and plus (C) all other amounts due and payable on or in respect of the Note (including any accrued and unpaid interest on the Defaulted Amounts), if any.

Appears in 2 contracts

Sources: Convertible Notes Subscription Agreement (NIO Inc.), Convertible Notes Subscription Agreement (NIO Inc.)

Repurchase on Maturity Date. Unless previously repurchased or surrendered and converted, the Company shall, without any action on the part of the Holder, redeem this Note in whole on the Maturity Date at a price (the “Maturity Repurchase Price”) equal to (A) the outstanding principal amount, plus (B) a premium which shall be equal to 2.06.0% of the outstanding principal amount, and plus (C) all other amounts due and payable on or in respect of the Note (including any accrued and unpaid interest on the Defaulted Amounts), if any.

Appears in 2 contracts

Sources: Convertible Notes Subscription Agreement (NIO Inc.), Convertible Notes Subscription Agreement (NIO Inc.)