Examples of Convertible Debt Security in a sentence
Upon an Exchange, the Holder also shall be assigned all rights (and assume all obligations) provided in the definitive agreements pursuant to which the New Convertible Debt Security was sold.
Losses may occur if the terms of the Convertible Debt Security does not allow for an adjustment in the conversion terms, or a Fund is forced to convert the security earlier than anticipated.
The issue of the Convertible Debt Security was approved by shareholders at a special meeting held on 22 June 2022.
During the Covenant Relief Period, STX and the Borrower shall not be permitted to make any cash payments upon conversion of any Convertible Debt Security in excess of the stated principal amount thereof plus any accrued and unpaid interest and cash in lieu of fractional shares.
The Company issued a Convertible Debt Security with a principal value of NZ$1,000,000 on 24 August 2022.