Convertible Loan definition

Convertible Loan. A Loan that by its terms and subject to certain conditions contained in the related Mortgage or Promissory Note allows the Borrower to convert the adjustable Loan Interest Rate on such Loan to a fixed Loan Interest Rate.

Convertible Loan has the meaning ascribed to it in Clause 3 hereof.

Convertible Loan shall have the meaning ascribed to it in the preamble.

Examples of Convertible Loan in a sentence

• Since the transactions contemplated under the First Convertible Loan Agreement and the Second Convertible Loan Agreement were entered into with the same party within a 12-month period, the transactions contemplated thereunder are required to be aggregated pursuant to Rule 14A.81 and Rule 14A.82 of the Listing Rules.

• Accordingly, the entering into of the Second Convertible Loan Agreement between Grand Pharm (HK) and Sirtex HoldCo therefore constituted a connected transaction under Chapter 14A of the Listing Rules.

• The Convertible Loan will bear interest at a rate of 6% per annum accruing on a daily basis on the loan amount outstanding.

• The Issuer shall have the option at any time to convert the Convertible Loan and any outstanding amount into ordinary shares comprising 100% of the equity of Cannisra Holdings Ltd.

• The Convertible Loan will be secured by two general security agreements over all present and after-acquired property of the borrower and the guarantor, respectively.

More Definitions of Convertible Loan

Convertible Loan means the originally SEK 140,000,000, fixed coupon of 9.50 per cent., due on 15 October 2019, subordinated convertible loan issued by the Issuer on 11 October 2016.

Convertible Loan means the convertible loan in the principal aggregate amount of Singapore Dollars One Million and Five Hundred Thousand S$1,500,000 which the Lender has agreed to extend to Borrower, on the terms and subject to the conditions of this Agreement;

Convertible Loan means the convertible loan provided by Lundin Services pursuant to a loan agreement dated April 29, 2009 between the Company and Lundin Services, as amended on March 1, 2011, in the approximate amount of $10.8 million. The Convertible Loan had a maturity date of December 31, 2011 and bore interest at the rate of USD six-month LIBOR plus 3%. The Convertible Loan, including any accrued and unpaid interest, was convertible on or before December 31, 2011, at the option of either Africa Oil or Lundin Services, into common shares of Africa Oil, issuable at a deemed price of CAD$0.90 per share.

Convertible Loan means the loan made by the Lender to the Company pursuant to Section 2.1 of this Agreement.

Convertible Loan means a loan of up to US$240,000,000 made as of February 1, 2000 to the Company by Cott Corporation, as amended from time to time, which by its terms is convertible at the option of Cott Corporation into Class A Preferred Shares;

Convertible Loan means the EUR 3,800,000 convertible loan granted by Altor to the Company and convertible into shares in the Company;

Convertible Loan means the convertible loans borrowed by Shen Ya from the Subscribers in accordance with the loan agreements by and among Shen Ya, the Subscribers and certain other parties thereto dated July 20, 2010, October 14, 2010 and December 17, 2010 respectively in the aggregated principle amount of US$9,709,643.84 with an annual interest rate of 1%, which will be assigned by Shen Ya to the Company on or prior to the Completion;