Note Conversion Letter definition

Note Conversion Letter means a letter, in the form attached to the Note and Warrant Purchase Agreement, which is delivered to the Company, and which states that (a) the Company is in default on the Note issued pursuant to the Note and Warrant Purchase Agreement, (b) the Holder has foreclosed on the collateral pledged pursuant to the Stock Pledge Agreement, (c) the proceeds from the sale of all of the collateral were insufficient to cover all amounts owed by the Company pursuant to the Note, (d) that the deficiency thereunder is being converted to principal under the Convertible Debenture and (e) the number of shares of Common Stock for which this Deficiency Warrant may be exercised is equal to two times the dollar amount of the deficiency amount set forth therein.
Sample 1

Examples of Note Conversion Letter in a sentence

  • B-2 EXECUTION COPY CHINA LODGING GROUP, LIMITED November 3, 2017 Citibank, N.A. - ADR Department 388 Greenwich Street New York, New York 10013 Re: Note Conversion Letter Agreement Ladies and Gentlemen: We refer to the Deposit Agreement, dated as of March 25, 2010 (the “Deposit Agreement”), by and among China Lodging Group, Limited (the “Company”), Citibank, N.A., as Depositary, and all Holders and Beneficial Owners of American Depositary Shares (“ADSs”) issued thereunder.

  • Adams (“Adams”) pursuant to the note conversion letter agreement, dated November 16, 2023, between the Company and Adams (the “Adams Note Conversion Letter Agreement”), and (vi) 3,125,000 shares of Common Stock (the “Matthews Shares”) issued on November 16, 2023 to Matthews Southwest Holdings, Inc.

Related to Note Conversion Letter

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

  • Mandatory Conversion Notice has the meaning ascribed thereto in Section 4.5(a);

  • Conversion Agreement means any agreement entered into from time to time between the Borrower or Guarantor (or their respective agents) and any maintenance facility with respect to the conversion of an ACS Group Aircraft to a freighter or mixed-use aircraft.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Optional Conversion has the meaning set forth in Section 6(a).

  • Conversion Schedule means the Conversion Schedule in the form of Schedule 1 attached hereto.

  • Forced Conversion Notice shall have the meaning set forth in Section 6(d).

  • Conversion Request A Notice given by the Borrower to Bank of the Borrower's election to convert or continue a Loan therewith in accordance with Section 2.1A hereof.

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(f).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Series B Certificate of Designation means the Certificate of Designation of the Powers, Preferences and Relative, Participating, Optional and Other Special Rights of 8% Series B Convertible Redeemable Preferred Stock and Qualifications, Limitations and Restrictions Thereof.

  • Redemption Agreement has the meaning set forth in the Recitals.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Notice of Conversion/Continuation means a notice in substantially the form of Exhibit B.