Debt Conversion Amount definition

Debt Conversion Amount means, as of any date of determination, the lesser of (i) the Outstanding Amount of the Convertible Debt; and (ii) 87% of the Net Liquidity Proceeds of a Liquidity Event.
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Debt Conversion Amount means the Debt Conversion Amount specified on Schedule A, which represents the aggregate purchase price of the Securities to be sold at initial Closing of the Offering upon conversion of outstanding indebtedness of the Issuer that is being converted pursuant to written agreement of the Issuer and the holder of such indebtedness (an Subscriber). The Debt Conversion Amount shall be counted toward the Minimum Amount. Issuer and Intermediary represent to the Deposit Account Agent that appropriate disclosures to potential Subscribers regarding the Debt Conversion Amount have been made as part of the Offering; and Intermediary agrees to take appropriate measures to verify that any Debt Conversion Amount is an actual outstanding obligation of the Issuer. The Parties agree that the Deposit Account Agent solely relies on information reported on Schedule A and has no duty or obligation to verify its accuracy.
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Debt Conversion Amount means that number of Buyer Common Shares to which each Company Lender is entitled pursuant to the Debt Conversion Agreement.
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Examples of Debt Conversion Amount in a sentence

  • The ▇▇▇▇▇▇ by the Company to SCPL, including the SCPL Debt Conversion Amount, relate to, inter alia, rental charges, utilities, management fees and operational chargeback amounts incurred pursuant to a sublease agreement entered into between the Company and SCPL dated 9 May 2016 (“SCPL Sublease Agreement”).

  • The rationale of the issue of the RHCL Subscription Shares and RHCL Subscription And Set-Off and Settlement Arrangement is to fully set-off and settle the RHCL Debt Conversion Amount.

  • The rationale of the issue of the SCPL Subscription Shares and SCPL Subscription And Set-Off and Settlement Arrangement is to set-off and settle the SCPL Debt Conversion Amount, whilst conserving cash reserves of the VHL Group.