Lender debt-for-equity option Clause Samples

Lender debt-for-equity option. (a) The Lender shall have the right at any time prior to the Termination Date to convert any or all amounts owing by Borrower under this Facility into shares or American Depositary Receipts of the Borrower at the Equity Conversion Price. (b) The Lender may effect a conversion as specified in Clause 6.2(a) above by delivering to the Borrower an Equity Conversion Exercise Notice in the form of Schedule 3 attached hereto. (c) Provided that the Borrower receives a duly completed Equity Conversion Exercise Notice prior to the Termination Date, the aggregate amount of principal and interest specified in the Equity Conversion Exercise Notice in respect of which conversion rights are exercised (the "Converted Amount"), will be converted on the Equity Conversion Date into the relevant number of Conversion Shares at the Equity Conversion Price. In such circumstances, upon delivery of the relevant number of Conversion Shares to the Lender, and the payment of any accrued but unpaid interest (which is not included in the Converted Amount) up to (but excluding) the Equity Conversion Date, any Break Costs and any other fees or expenses payable by the Borrower under this Agreement, accrued but not paid by the Borrower at such date, the Converted Amount shall be deemed repaid and discharged. (d) Each Equity Conversion Exercise Notice delivered by the Lender to the Borrower shall specify: (i) the aggregate amount of principal and accrued interest in respect of one or more outstanding Loans, in integral multiples of USD 1,000, which the Lender wishes to convert; and (ii) the number and account name of the security account(s) at the Relevant Clearing System which are to be credited with the relevant number of Conversion Shares required to be delivered to the Lender hereunder. (e) On the Equity Conversion Date, the Borrower shall deliver, or procure the delivery of, the relevant number of Conversion Shares with full and clean title to the Lender. The relevant number of Conversion Shares will be determined by dividing the Converted Amount by the Equity Conversion Price, and rounding the result down to the nearest whole number of shares. Fractions of Conversion Shares will not be delivered upon conversion and no cash adjustments will be payable in respect thereof. (f) The Lender must pay directly to the relevant authorities any taxes and capital, stamp, issue, registration and transfer taxes and duties arising on conversion of its Conversion Amount, other than any capital, stamp...