Examples of Tranche Note in a sentence
For details of the 2nd Tranche Note Purchase Agreement and the 2nd Tranche Convertible Promissory Notes, please refer to the paragraphs headed ‘‘The Note Purchase Agreements’’ and ‘‘The Convertible Promissory Notes’’ in the announcement of the Company dated 3 July 2019.
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THE 2ND TRANCHE NOTE PURCHASE AGREEMENT On 7 August 2019, the Company entered into the 2nd Tranche Note Purchase Agreements with the 2nd Tranche Investor in the principal amount of approximately RMB24.0 million (equivalent to approximately HK$27.24 million).
Phoenix Success shall subscribe for, and Duomi Music shall issue, the Second Tranche Note in the aggregate principal amount of US$8,180,000 (equivalent to approximately HK$63,804,000).
The First Tranche Notes Issuance shall consist of First Tranche Notes simultaneously issued by the Issuer to each of the First Tranche Purchasers in accordance with their respective First Tranche Note Purchase Commitments.
For the avoidance of doubt, and to the extent applicable, the Company Parties acknowledge and agree that the holding period for purposes of Rule 144 under the U.S. Securities Act of 1933, as amended, of each of the Initial Tranche Note and the First Mandatory Tranche Note is not affected by this Agreement or the transactions contemplated hereby and tacks back to October 12, 2021, in the case of the Initial Tranche Note, and January 28, 2022, in the case of the First Mandatory Tranche Note.
The Closing shall occur remotely via the exchange of documents and signatures on or prior to the Closing Date, promptly following the satisfaction of all conditions for Closing set forth below and all conditions necessary to consummate the issuance of the Second Tranche Note (as defined in the Amended Note Purchase Agreement) pursuant to the Amended Note Purchase Agreement.
For the avoidance of doubt, and to the extent applicable, the Company Parties acknowledge and agree that the holding period for purposes of Rule 144 under the U.S. Securities Act of 1933, as amended, of each of the Outstanding Notes and Warrants is not affected by this Agreement or the transactions contemplated hereby and tacks back to October 12, 2021, in the case of the First Tranche Note and the First Warrant, and January 28, 2022, in the case of the Second Tranche Note and the Second Warrant.
The Third Tranche Notes Issuance shall consist of Third Tranche Notes simultaneously issued by the Issuer to each of the Third Tranche Purchasers in accordance with their respective Third Tranche Note Purchase Commitments.
The Second Tranche Notes Issuance shall consist of Second Tranche Notes simultaneously issued by the Issuer to each of the Second Tranche Purchasers in accordance with their respective Second Tranche Note Purchase Commitments.