Convertible Loan Agreement. The Borrower shall have executed and delivered this Agreement to the Lenders.
Convertible Loan Agreement. So far as I am aware, no Other Lender is a person connected (i) with the Company; or (ii) with a connected person of the Company. For these purposes, "connected" and "connected person" shall have the meanings attributed to such terms at the date of this certificate by sections 1122 and 1123 Corporation Tax Xxx 0000.
Convertible Loan Agreement. Relating to a convertible loan valued by the parties at USD$1,500,000 REORGANISATION OF THE BORROWER 1 THIS AGREEMENT is dated 12 August 2011
Convertible Loan Agreement. 1.1 The Board of Directors of the Company (the “Board”) wishes to announce that the Company had, on 12 July 2014, entered into a convertible loan agreement (“Agreement”) with Ms Xx Xxx (“Lender”), pursuant to which the Lender will grant a convertible loan of an aggregate amount of S$3.0 million to the Company (the “Convertible Loan”) within 14 days of the date of the Agreement (“Disbursement Date”) (“Transaction”). The Convertible Loan is convertible, in whole or in part, at the option of the Lender into fully paid new ordinary shares of the Company (“Conversion Share(s)”) at a fixed price of S$0.18 (“Conversion Price”), at any time after the Disbursement Date, before the Expiry Date (as defined below), subject to the terms and conditions of the Agreement.
1.2 The Conversion Price represents a discount of 3.59% to the volume weighted average price of S$0.1867 per share in the capital of the Company (“Shares”) for trades done on the Official List of the Singapore Exchange Securities Trading Limited (“SGX-ST“) for the full market day on 11 July 2014, being the market day preceding the date on which the Agreement was signed. Based on the Conversion Price, the maximum number of Conversion Shares to be issued would be 16,666,666 new Shares.
1.3 The principal terms of the Agreement are as follows:-
Convertible Loan Agreement the agreement made between Lenders and Borrowers by which Borrowers (i) borrow a sum of money from Lenders and (ii) Borrower obtains the right to convert under conditions the Loan Amount to certificates of shares in Borrower in accordance with the standard Convertible Loan Agreement.
Convertible Loan Agreement. The Convertible Loan Agreement does not constitute an IPT as the Borrower does not fall under the definition of an Interested Person as defined in Chapter 9 of the Listing Manual.
Convertible Loan Agreement. Loan / Interest
Convertible Loan Agreement. The Lender may exercise the Conversion Right at any time from the date which is 5 (five) Trading Days following the Disbursement Date until no later than the Maturity Date by giving written notice to the Borrower and AMHL, substantially in the form as set out in Annex 8.1(b) (the Conversion Notice). The Conversion Notice shall be irrevocable and cannot be cancelled or withdrawn by the Lender.
Convertible Loan Agreement. The conversion price applicable for any AMHL Conversion (the AMHL Conversion Price) shall be the amount equal to the lower of (i) 150% of the price per AMHL Common Share as at close of the NASDAQ stock exchange on the Disbursement Date (subject to adjustment for share splits, share dividends, recapitalizations, reorganizations, reclassification, combinations, reverse share splits or other similar events occurring after the date hereof) and (ii) 95% of the average price per AMHL Common Share as at close of the NASDAQ stock exchange during five (5) Trading Days preceding the date of the Conversion Notice, in each case as the relevant price(s) per AMHL Common Share as at close of the NASDAQ stock exchange is/are reported under xxx.xxxxxx.xxx/xxxxxx-xxxxxxxx/xxxxxx/xxxx/xxxxxxxxxx; provided, however, that under no circumstances shall the AMHL Conversion Price be less than the higher of (x) the par value per AMHL Common Share and (y) the 3-Month Floor Price.
Convertible Loan Agreement. In case the Borrower Conversion Shares shall be issued as part of a capital increase of the Borrower or delivered from Borrower Shares held by the Borrower as treasury shares, the Lender shall settle its respective contribution obligation or, as applicable, the purchase price for the Borrower Conversion Shares, in each case in the amount equal to the Conversion Amount by setting-off the Conversion Amount. In case the Borrower Conversion Shares shall be delivered from Borrower Shares owned by AMHL, the Borrower’s payment obligation under this Agreement in the amount equal to the Conversion Amount shall be deemed automatically transferred to and assumed by AMHL, and the Lender shall settle the purchase price for the Borrower Conversion Shares in the amount equal to the Conversion Amount by setting-off the Conversion Amount vis-à-vis AMHL.
