Share Coverage. On each Closing Date it has reserved, exclusively for the Investor, and has available, for the Investor in case of the conversion of any Notes, a number of shares (reserved treasury shares and reserved unissued shares from conditional share capital) equal to 150% of the outstanding aggregate principal amount including, for the avoidance of doubt, the Tranche to be issued on the relevant Closing Date, converted into CHF using the Noteholder's Rate of Exchange on the relevant Closing Date, divided by the applicable Conversion Price B.
Appears in 2 contracts
Sources: Subscription Agreement (Wisekey International Holding S.A.), Subscription Agreement (Wisekey International Holding S.A.)