Conversion of the Loan. (a) On the Disbursement Date, the Borrower shall issue to the Lender a Convertible Debt Instrument, in the aggregate principal amount of the Loan evidencing the obligation of the Borrower to repay such aggregate principal amount and interest thereon under this Agreement.
Appears in 3 contracts
Samples: Convertible and Subordinated Loan Agreement, Convertible and Subordinated Loan Agreement (Ternium S.A.), Convertible and Subordinated Loan Agreement (Ternium S.A.)
Conversion of the Loan. (a) On the each Disbursement Date, the Borrower shall issue to the Lender a Convertible Debt Instrument, in the aggregate principal amount of the Loan then disbursed evidencing the obligation of the Borrower to repay such aggregate principal amount and interest thereon under this Agreement.
Appears in 1 contract
Samples: Convertible and Subordinated Loan Agreement (Ternium S.A.)
