Convertible Loan Amount definition

Convertible Loan Amount. (the “Convertible Loan”) by making such amounts available to the Borrower by promptly wiring such amounts to an account or accounts designated in writing by the Borrower on the proposed date of funding. Amounts borrowed under this Section 2.1(a) are referred to as the “Disbursement.” (b) No Re-Borrowing. Amounts borrowed hereunder that are paid, repaid, redeemed and/or prepaid may not be re-borrowed under any circumstance.
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Convertible Loan Amount means ONE HUNDRED THIRTY MILLION SEVEN HUNDRED NINETY TWO THOUSAND NINETY THREE DOLLARS AND 27 CENTS ($130,792,093.27).
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Convertible Loan Amount shall have the meaning ascribed to it in Clause 2.1;
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Examples of Convertible Loan Amount in a sentence

  • The other professional and listing expenses to be incurred in relation to the Convertible Loan have not been taken into account as these costs are deemed immaterial to the Convertible Loan Amount and will be paid out as part of the Group’s general working capital.

  • Interest is chargeable on the Convertible Loan at the rate of 15% of the Convertible Loan Amount.

  • Interrupts in NOS are handled via masking the interrupts and poll- ing the interrupt status register.

  • Its share in the Convertible Loan Amount, the Convertible Commissions and the Union Bank Guarantee Debt is as set forth in Schedule 6.6(a), which share shall have been converted into Ordinary Shares prior to the Closing, the resulting conversion shares to be an integral part of its Holdings, and other than such amounts the Company is not indebted to it in any amount for repayment of loans and/or guarantees advanced to the Company.

  • Borrower hereby covenants and agrees that at all times during the period the Convertible Loan Amount is outstanding it shall reserve from its authorized and unissued common stock for issuance and delivery upon conversion of the Convertible Loan Amount such number of shares of its common stock as shall be required for issuance and delivery upon the conversion.

  • By checking this box, the LEA acknowledges the requirement that each LEA shall update its Plan for Safe Return of In-Person Instruction to reflect the requirements stated above, shall seek public comment on the updated plan and take such comments into account prior to the submission of the final plan to the Department within 60 days of the award.

  • Save in respect of Grondputs Beleggings (of which R H Walton is a director, and in which the RW Trust owns the entire interest) which will be repaid an amount of R83 000 000, the Convertible Loan Amount of each Lender, being an aggregate amount of R17 000 000, will be repaid in full in cash to that Lender within two Business Days of the date on which Efficient receives full payment of the Subscription Amount.

  • The first interest period for the Convertible Loan Amount shall start on the Disbursement Date and each subsequent interest period for the Convertible Loan Amount shall start on the last day of its preceding interest period.

  • On the date hereof, the Convertible Member has loaned the Convertible Loan Amount to the Company.

  • The Company has on 3 September 2019 entered into an Arranger Agreement (“Arranger Agreement”) with Xxxxxxx Xxxxxxx Co. Ltd (the “Arranger”), pursuant to which the Company has agreed to pay to Xxxxxxx Xxxxxxx Co., Ltd a facility fee (the “Facility Fee”) of 7% of Convertible Loan Amount, amounting up to S$385,000, in cash within five (5) business days from the disbursement of Convertible Loan Amount.


More Definitions of Convertible Loan Amount

Convertible Loan Amount the amount of the Convertible Loan outstanding to the Lender on any such date “Convertible Loan Facilities Agreement” the convertible loan facilities agreement dated 6 May 2019 entered into between the Company, Lesso Home and ICBCI pursuant to which ICBCI agreed to make available the Convertible Loan to Lesso Home pursuant to the terms and conditions therein
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Convertible Loan Amount has the meaning set forth in the recitals.
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Related to Convertible Loan Amount

  • Convertible Mortgage Loan Any individual Adjustable Rate Mortgage Loan purchased pursuant to this Agreement which contains a provision whereby the Mortgagor is permitted to convert the Adjustable Rate Mortgage Loan to a Fixed Rate Mortgage Loan in accordance with the terms of the related Mortgage Note.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Convertible Debt means Debt issued by the Borrower which by its terms may be converted into or exchanged for equity securities of the Borrower at the option of the Borrower or the holder of such Debt, including without limitation, Debt with respect to which the performance due by the Borrower may be measured in whole or in part by reference to the value of an equity security of the Borrower but may be satisfied in whole or in part in cash.

  • Total loan amount means the principal of the loan minus those

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Convertible Notes means the 2.75% Convertible Senior Notes of the Borrower due 2022 issued pursuant to the Convertible Notes Indenture.

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

  • Convertible Senior Notes means the 4.75% Convertible Senior Notes of the Borrower due 2011.

  • Note Amount means, with respect to any Payment Date, the aggregate outstanding principal amount of the Notes after giving effect to payments of principal made on the Notes on such Payment Date.

  • Convertible land means a building site which is a portion of the common areas

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Permitted Convertible Notes means any unsecured notes issued by the Company in accordance with the terms and conditions of Section 6.01 that are convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of common stock of the Company (or other securities or property following a merger event or other change of the common stock of the Company), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such common stock or such other securities); provided that, the Indebtedness thereunder must satisfy each of the following conditions: (i) both immediately prior to and after giving effect (including pro forma effect) thereto, no Default or Event of Default shall exist or result therefrom, (ii) such Indebtedness matures after, and does not require any scheduled amortization or other scheduled or otherwise required payments of principal prior to, and does not permit any Loan Party to elect optional redemption or optional acceleration that would be settled on a date prior to, the date that is six (6) months after the Maturity Date (it being understood that neither (x) any provision requiring an offer to purchase such Indebtedness as a result of change of control or other fundamental change (which change of control or other fundamental change, for the avoidance of doubt, constitutes a “Change of Control” hereunder), which purchase is settled on a date no earlier than the date twenty (20) Business Days following the occurrence of such change of control or other fundamental change nor (y) any early conversion of any Permitted Convertible Notes in accordance with the terms thereof, in either case, shall violate the foregoing restriction), (iii) such Indebtedness is not guaranteed by any Subsidiary of the Company other than the Subsidiary Borrowers or Subsidiary Guarantors (which guarantees, if such Indebtedness is subordinated, shall be expressly subordinated to the Secured Obligations on terms not less favorable to the Lenders than the subordination terms of such Subordinated Indebtedness), (iv) any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of any Loan Party (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision and (v) the terms, conditions and covenants of such Indebtedness must be customary for convertible Indebtedness of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith).

  • Convertible Debenture means the 6% convertible debenture dated July 1, 2008 and due July 1, 2011, in the amount of CAD$10,000,000 issued by Orezone to the Debentureholder;

  • Subordinated Optimal Principal Amount With respect to each Mortgage Pool and each Distribution Date, an amount equal to the sum of the following (but in no event greater than the aggregate Class Certificate Balances of the Subordinated Certificates immediately prior to such Distribution Date):

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Convertible Subordinated Notes means any convertible subordinated notes or debentures issued by the Borrower after the date hereof, which are subordinated to the Obligations on terms no less favorable to the Lenders, in any material respect, than the 4.75% Convertible Subordinated Notes Due 2016 (as those terms were in effect and applied to the 4.75% Convertible Subordinated Notes Due 2016 prior to the repayment thereof in full on June 15, 2016).

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.

  • Variable Priced Equity Linked Instruments shall have the meaning ascribed to such term in Section 4.13.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Senior Optimal Principal Amount As to a Mortgage Pool and with respect to each Distribution Date, an amount equal to the sum of: