Examples of 2027 Convertible Notes in a sentence
This Note will at all times rank pari passu without any preference amongst the 2027 Convertible Notes and if any payment is insufficient to discharge all the amounts then due and payable by the Company under the 2027 Convertible Notes, such payment shall be applied in and towards payment pro rata of (a) firstly, any Stub Period Interest and (b) secondly, the Principal Amount and Accrued Interest (calculated on a total amount of entitlement basis).
The 2027 Convertible Notes mature on November 1, 2027, unless earlier converted or repurchased, and bear interest at a rate of 0.25% payable semi-annually on May 1 and November 1 of each year.
Upon the receipt of any Redemption Notice from the Holder who has exercised its redemption right pursuant to Section 8(a) (the “Requesting Holder”), the Company shall promptly give written notice of the redemption request to each non-requesting holder of other 2027 Convertible Notes (the “Non-Requesting Holder(s)”) stating the existence of such request, the Redemption Date and the mechanics of the Redemption.
Such communications must be sent (a) to the Company, at its principal executive offices and (b) to the Holder, at the Holder’s address at it appears in the register maintained by the Company for registration or transfer of the 2027 Convertible Notes (or at such other address for the Holder as shall be specified in a notice given in accordance with this Section 10).
The Company and the Holder acknowledge that the Company has issued, is issuing or has agreed or proposes to issue convertible promissory notes on or around the date of the Investment Agreement comprising the 2027 Convertible Notes (as may be further divided and transferred from time to time subject to the restrictions set forth in the Investment Agreement).