Convertible Loan Note definition
Examples of Convertible Loan Note in a sentence
The MLS may, through the administrative and hearing procedures established in these rules, impose discipline for violations of the rules and other MLS governance provisions.
An entry as to the issue of a new Convertible Loan Note and indemnity (if any) shall be made in the Register.
If part only of any Convertible Loan Note(s) as evidenced by the relevant certificate so delivered is then due to be repaid, the Company shall either endorse such Convertible Loan Note with a memorandum of the date and amount paid to the holder of such Convertible Loan Note and return it to the Noteholder or shall cancel such Convertible Loan Note and without charge issue to such Noteholder a new certificate in respect of the Convertible Loan Notes for the balance of the principal amount due to him.
Joint holders of Convertible Loan Notes will be entitled to only one Convertible Loan Note in respect of their joint holding and the Convertible Loan Note will be delivered to that one of the joint holders who is first-named in the Register in respect of the joint holding or to such other person as the joint holders may, in writing, direct.
The Company shall not be bound to register more than four persons as the joint holders of any Convertible Loan Note.
Service of any notice in accordance with this Condition 14.3 shall constitute sufficient notice to all other persons interested in the Convertible Loan Note.
Pursuant to the terms of the Intercreditor Agreement (or any Additional Intercreditor Agreement), for so long as any Senior Debt is outstanding, the Company shall not pay and the Noteholders shall not receive or accept any payment of principal unless expressly permitted by the holders of the Senior Debt and payments of interest on any Convertible Loan Note is subject to no default or event of default continuing with respect to the Senior Debt.
The Company will pay, and save the Stock Purchaser and the Note Purchaser harmless from any and all liabilities (including interest and penalties) with respect to any stamp, transfer and other Taxes (other than income taxes), if any, which may be payable or determined to be payable on the execution and delivery of this Agreement, the Convertible Loan Note or the Research Agreement or the acquisition of the Company's capital stock pursuant to this Agreement.
No other Person has been granted by such party any right with respect to or interest in the Securities (including, in the case of the Note Purchaser, the Convertible Loan Note or the Common Stock issuable upon conversion of the Convertible Loan Note), nor has it agreed to give any Person any such interest or right in the future.
The parties hereto shall be bound by any waiver, amendment or modification authorized by this Section regardless of whether the Convertible Loan Note shall have been marked to make reference thereto, and any consent by the parties hereto (or their assignees) pursuant to this Section shall bind any person subsequently acquiring the Convertible Loan Note from it, whether or note such Convertible Loan Note shall have been so marked.