Common use of Conversion by Holder Clause in Contracts

Conversion by Holder. Subject to and upon compliance with the provisions of this Article 3, the Holder shall have the right, at the Holder’s option, to convert all or any portion (if the portion to be converted is US$1,000 principal amount or an integral thereof) of the Note to the Company’s fully paid Class A Shares at the applicable Conversion Rate at any time during the Conversion Period.

Appears in 2 contracts

Samples: Convertible Notes Subscription Agreement (NIO Inc.), Convertible Notes Subscription Agreement (NIO Inc.)

AutoNDA by SimpleDocs

Conversion by Holder. Subject to and upon compliance with the provisions of this Article 3, the Holder shall have the rightright from time to time, at the Holder’s option, to convert all or any portion (if the portion to be converted is US$1,000 principal amount or an integral thereof) of the Note to the Company’s fully paid Class A Shares at the applicable Conversion Rate at any time during prior to the Conversion Periodclose of business on the second Business Day immediately preceding the Maturity Date.

Appears in 2 contracts

Samples: Subscription Agreement (SouFun Holdings LTD), Subscription Agreement (SouFun Holdings LTD)

AutoNDA by SimpleDocs

Conversion by Holder. Subject to and upon compliance with the provisions of this Article 3, the Holder shall have the rightright from time to time, at the Holder’s option, to convert all or any portion (if the portion to be converted is US$1,000 principal amount or an integral thereof) of the Note to the Company’s fully paid Class A Shares at the applicable Conversion Rate at any time during the Conversion Period.

Appears in 1 contract

Samples: Convertible Note and Warrant Subscription Agreement (Secoo Holding LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.