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. Section 2.2
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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 shall have the meaning ascribed to it in Clause 2.1;
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Examples of Convertible Loan Amount in a sentence

  • The Convertible Loan Amount is expected to be funded from the Company’s internal resources which includes the net proceeds from past placement and subscription exercises.

  • Interest rate : 3.0% per annum in cash on the outstanding Convertible Loan Amount (on a 365-day pro-rata basis) on a quarterly basis.

  • 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.

  • For the avoidance of doubt, the Company may, with the Investors’ consent (to be granted at the Investors’ entire discretion,) repay any portion of the principal amount of Convertible Loan Amount and any interest accrued and unpaid thereupon before the Maturity Date.

  • The Company may not re-borrow any part of the Convertible Loan Amount which is prepaid or repaid.

  • Interest Interest at a rate of fifteen per cent (15%) per annum shall be payable on the disbursed and outstanding principal amount of the Convertible Loan Amount.

  • Early repayment The Company shall repay the outstanding principal sum of the Convertible Loan Amount in full (together with all accrued and unpaid interest thereon) on or before the Maturity Date.

  • Disbursement Date Disbursement Date means the date on which the Convertible Loan Amount shall be released and disbursed to the Company, being the date falling three (3) business days from the date the last of the Conditions Precedent are fulfilled or otherwise waived in accordance with the terms of this Convertible Loan Agreement.

  • Maturity Date The date falling twelve (12) months from the date the Convertible Loan Amount is disbursed to the Company.

  • 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.


More Definitions of Convertible Loan Amount

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 has the meaning set forth in the recitals.
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Related to Convertible Loan Amount

  • 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 a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • 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.

  • 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

  • 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;