Examples of KKR Notes in a sentence
All payments due under this Note shall rank pari passu with all Other Notes, the KKR Notes and all other senior Indebtedness of the Company.
Except for the KKR Notes, Notes and Conversion Shares, there are no outstanding options, warrants, rights (including conversion or preemptive rights) or agreements for the subscription or purchase from any Group Member of any Equity Securities of any Group Member.
In accordance with local regulations in the hospital, the volunteers were screened for contraindications and informed about possible risks.
On August 26, 2015, BCHIL, Mr. Kam and Bio Garden entered into a termination deed (the “Termination Deed”) to terminate the voting deed, dated as of May 4, 2015, pursuant to which Mr. Kam undertook to procure the voting by Bio Garden of, and Bio Garden undertook to vote, all of the shares of Golden Meditech owned by Bio Garden in favor of the purchase and sale of the KKR Notes.
The KKR Notes are also entitled to a special redemption payment in the event the Group breaches certain covenants, Golden Meditech Holdings Limited (“GMHL”), a major shareholder of the Company, or certain members of the Company’s senior management violate the terms of certain lock-up agreements they have entered into in favor of KKRCHIL.
The KKR Notes are convertible into the Company’s ordinary shares at a conversion price of US$2.838 per share and were issued to KKR China Healthcare Investment Limited (“KKRCHIL”).
The carrying amount of the KKR Notes as of September 30, 2012 is summarized in the following table: September 30,2012RMB2012US$ Principal amount of the KKR Notes413,64365,817Cumulative interest payable8,9261,420Carrying amount422,56967,237 The KKR Notes holder has the right to require the Company to redeem all or any portion of the KKR Notes upon occurrence of events of default.
From and after the thirtieth day following the occurrence, and during the continuance, of an event of default under the KKR Notes, the interest rate shall be increased to twenty-two and one-half percent (22.5%) per annum.
Furthermore, the defendants repeated mailings to the plaintiffs of certificates warranting the authenticity of the artwork sold to them made their conduct a continuing action which did not terminate until 1987.
The KKR Notes are senior unsecured obligations, mature on April 27, 2017 and are not redeemable prior to their maturity at the Company’s option.