Examples of Convertible Debentureholder in a sentence
Such Convertible Debentureholder is responsible for correcting and completing the documents within the Redemption Exercise Period.
If the conversion calculation results in any fraction of a share, the Convertible Debentureholder will receive cash settlement in lieu of such fraction of a share.
If the Conversion Agent does not receive a complete set of documents required for expression of intention to choose a redemption method or any such document received by the Conversion Agent is incorrect or the Conversion Agent inspects and considers that any statement specified by a Convertible Debentureholder in his/her/its redemption form is not complete or incorrect, the Conversion Agent shall notify such Convertible Debentureholder of such incompleteness or incorrectness.
In such event, the Conversion Agent will return the documents received by it to such Convertible Debentureholder within 14 (fourteen) days from the relevant Conversion Date.
The occurrence of any other events similar to any event set out in paragraphs 1 to 5 above which impairs the benefit that a Convertible Debentureholder will receive when exercising their conversion rights.
Each Convertible Debentureholder will receive payment of outstanding principal in accordance with the Par Value (ie THB 1,000 per 1 Convertible Debenture) on the Redemption Date, including outstanding interest accrued thereon until (but excluding) the Redemption Date.
In respect of the interest on Convertible Debentures which are subject to conversion, such interest in respect of the relevant Interest Period shall be payable by the Issuer to the Convertible Debentureholder converting such Convertible Debentures on the Interest Payment Date in respect of such Interest Period.
Any other similar event to any event under Condition 15.1(a) to (e) which impairs any benefit that a Convertible Debentureholder will receive when exercising their conversion rights occurs.
The interest payable by the Company to the Convertible Debentureholder accrues until (but excluding) the Redemption Date.
Example of conversion calculation Assuming that a Convertible Debentureholder holds 5 units of Convertible Debentures and the par value of each unit is THB 1,000, in case of mandatory conversion or voluntary conversion, the number of ordinary shares such Convertible Debentureholder will receive from such conversion can be calculated as follows: Number of shares Number of Convertible Debentures x Par Value received = Conversion Price Conversion Agentper cent.