Subscription of Convertible Bonds Sample Clauses

Subscription of Convertible Bonds. Subject to the terms and conditions hereof, the Investor agrees to purchase from the Company, and the Company agrees to issue and sell to the Investor the Convertible Bonds with the principal of US&30,000,000 and attached with terms and conditions.
Sample 1Sample 2Sample 3
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Subscription of Convertible Bonds. Subject to the terms and conditions set forth in this Agreement, Issuer shall issue to DCJH, and DCJH shall subscribe for, unsecured convertible bonds having the aggregate face value of nineteen billion two hundred million Yen ((Y)19,200,000,000) (the "CONVERTIBLE BONDS"), providing DCJH the right to acquire upon conversion thereof between forty-seven million four hundred seven thousand two hundred ninety-six (47,407,296) and forty-seven million four hundred seven thousand four hundred seven (47,407,407) newly issued Shares and having the characteristics set forth in Schedule 1.1. Although the terms of the Convertible Bonds provide for the conversion into such amount of newly issued Shares, DCJH shall be entitled to convert the Convertible Bonds only up to the amount necessary, together with any Convertible Bonds converted by Subscriber or any other Affiliate of Subscriber, to allow Subscriber, subject to the immediately following sentence, to prevent dilution of the equity interest of Subscriber and its Affiliates in Issuer to below thirty-four percent (34%) (or such greater amount corresponding to any larger percentage of outstanding Shares which is then owned by Subscriber and its Affiliates, provided such higher percentage is permissible under the terms of the Standstill Agreement) upon conversion of any Outstanding Bonds. In the event that Subscriber, DCJH and Subscriber's other Affiliates receive new Shares in excess of such percentage as a result of conversion of integral denominations of the Convertible Bonds, Subscriber and DCJH shall promptly divest such excess. DCJH shall subscribe for the Convertible Bonds at an aggregate subscription price equal to the principal amount thereof (the "CONVERTIBLE BOND SUBSCRIPTION PRICE").
Sample 1
Subscription of Convertible Bonds. On 16 November 2012 (after trading hours), the Company and Xx. Xxxx Xxxx Xxx entered into the Subscription Agreement pursuant to which the Company agreed to issue and Xx. Xxxx Xxxx Xxx agreed to subscribe for the Convertible Bonds with the principal amount of HK$16,000,000. The Subscription is conditional upon the Stock Exchange granting listing of and permission to deal in the Conversion Shares. An application will be made to the Listing Committee of the Stock Exchange for granting approval for the listing of, and permission to deal in, the Conversion Shares. The Conversion Shares represent approximately 5.48% of the existing issued share capital of the Company and represent approximately 5.19% of the issued share capital of the Company as enlarged by the allotment and issue of the Conversion Shares. It is intended that the net proceeds of the Subscription of approximately HK$16,000,000 is to be applied as general working capital of the Group.
Sample 1

Related to Subscription of Convertible Bonds

  • Purchase of Convertible Debentures Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at Closing (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer's name on Schedule I hereto. Upon execution hereof by a Buyer, the Buyer shall wire transfer the Subscription Amount set forth opposite his name on Schedule I in same-day funds or a check payable to "First Union National Bank, as Escrow Agent for Vertical Computer Systems, Inc. / Cornell Capital Partners, LP", which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith. Notwithstanding the foregoing, a Buyer may withdraw his Subscription Amount and terminate this Agreement as to such Buyer at any time after the execution hereof and prior to Closing (as hereinafter defined).

  • Conversion of Debentures Section 16.01.

  • Purchase of Notes and Warrants On the Closing Date, the Subscriber will purchase the Notes and Warrants as principal for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

  • Reservation of Conversion Shares The Conversion Shares issuable upon conversion of the Shares shall have been duly authorized and reserved for issuance upon such conversion.

  • Purchase and Redemption of Fund Shares 1.1 The Fund and the Underwriter agree to sell to the Company those shares of the Portfolios which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by the Fund or its designee of such order. For purposes of this Section, the Company shall be the designee of the Fund for receipt of such orders from each Separate Account. Receipt by such designee shall constitute receipt by the Fund; provided that the Fund or the Underwriter receives notice of such order via the National Securities Clearing Corporation (the "NSCC") by 9:00 a.m. Eastern Time on the next following Business Day. The Fund will receive all orders to purchase Portfolio shares using the NSCC's Defined Contribution Clearance & Settlement ("DCC&S") platform. The Fund will also provide the Company with account positions and activity data using the NSCC's Networking platform. The Company shall pay for Portfolio shares by the scheduled close of federal funds transmissions on the same Business Day it places an order to purchase Portfolio shares in accordance with this section using the NSCC's Fund/SERV System. Payment shall be in federal funds transmitted by wire from the Fund's designated Settling Bank to the NSCC. "BUSINESS DAY" shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates it net asset value pursuant to the rules of the SEC. "NETWORKING" shall mean the NSCC's product that allows Fund's and Companies to exchange account level information electronically. "SETTLING BANK" shall mean the entity appointed by the Fund to perform such settlement services on behalf of the Fund and agrees to abide by the NSCC's Rules and Procedures insofar as they relate to the same day funds settlement. If the Company is somehow prohibited from submitting purchase and settlement instructions to the Fund for Portfolio shares via the NSCC's DCC&S platform the following shall apply to this Section:

  • Delivery of Conversion Shares Upon Conversion Not later than three (3) Trading Days after the Conversion Date (the “Share Delivery Date”), the Company shall deliver, or cause to be delivered, to the Holder the Conversion Shares.

  • Conversion of Preferred Shares If, at any time, any of the Preferred Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Preferred Units equal to the number of Preferred Shares so converted shall automatically be converted into a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect, and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to reflect such conversion.

  • Issue and Redemption of Fund Shares All expenses incurred in connection with the issue, redemption, and transfer of the Fund’s shares, including the expense of confirming all share transactions;

  • Purchase and Sale of Convertible Debentures 6 2.2 Purchase and Sale; Purchase Price....................................6 2.2 Execution and Delivery of Documents; the Closing.....................6 2.3 The Post-Closing.....................................................7

  • Preferred Shares The Preferred Shares have been duly and validly authorized, and, when issued and delivered pursuant to this Agreement, such Preferred Shares will be duly and validly issued and fully paid and non-assessable, will not be issued in violation of any preemptive rights, and will rank pari passu with or senior to all other series or classes of Preferred Stock, whether or not issued or outstanding, with respect to the payment of dividends and the distribution of assets in the event of any dissolution, liquidation or winding up of the Company.

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