Convertible Debenture definition
Examples of Convertible Debenture in a sentence
On the Closing Date, the Debentures and the Warrants will be, and the Debenture Shares will be at the time of conversion of the Convertible Debenture Units and the Warrant Shares will be at the time of exercise of the Warrants, and the Interest Shares will be at the time of the election made by the Company, free and clear of all liens and restrictions on transfer.
On the Closing Date, the Purchaser shall deliver to the Company, via wire transfer, immediately available funds equal to the Subscription Amount, and the Company shall deliver to the Purchaser certificates representing the Debentures and Warrants comprising the Convertible Debenture Units, and the Company and the Purchaser shall deliver the other items set forth in Section 2.4 deliverable at the Closing.
By: Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇ Title: Chief Executive Officer The undersigned hereby elects to convert principal under the Senior Secured Convertible Debenture due [ ] of Lion Group Holding Ltd., a Cayman Islands exempted company (the “Company”), into ADSs of the Company according to the conditions hereof, as of the date written below.
The Buyer understands that no public market exists for the Secured Convertible Debenture, and that there is no assurance that a public market will ever develop for the Secured Convertible Debenture.
The representations and warranties set forth in each of the Security Documents (as defined in the Secured Convertible Debenture) shall be true and correct in all material respects as therein provided.