Securities Issue Notice Clause Samples

Securities Issue Notice. If at any time after providing the Financial Support Loan, a Financial Supporter wishes to convert that loan into Securities, the Financial Supporter may serve a notice on the Company (Securities Issue Notice): (a) stating that it requires the Company to issue additional Securities; (b) specifying the issue price of the Securities (which must be Fair Market Value); (c) specifying the number of Securities to be issued having an aggregate subscription price up to the principal plus accrued and unpaid interest on the Financial Support Loan; and (d) specifying the date the Securities are required to be subscribed for (which may be no earlier than the date 20 Business Days and no later than 40 Business Days after the date the notice is deemed given in accordance with clause 39).