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Convertible Bond Agreement Sample

By Zach Arnold | December 5, 2020

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15. Criminal Code Compliance – In this section, the terms “interest,” “penalty interest” and “advanced credit” have the meanings attributed to them at p. 347 of the Penal Code (Canada), as amended from time to time. The Corporation and the INVESTOR agree that, notwithstanding the contrary agreement, no interest on the credit granted by the investor under this loan agreement will be payable beyond the interest authorized by Canadian law. If the effective interest rate calculated according to generally accepted actuarial practices and principles is higher than the advanced credit penalty rate, (a) the performance elements that fall under the concept of interest are reduced to the extent necessary to eliminate this overrun; (b) the remaining surpluses that have been paid are credited in advance of the principal amount; and (c) any overpayment that may remain after such credit is immediately returned to the company upon request; Each of the parties to this note is fully responsible for all legal and other costs associated with this agreement. This convertible bond is now called a “note” and can be called in several areas with other agreements of this type, called “notes.” The term “holder” represents a large number of people who have equally advanced means in exchange for obligations with society. The term “majority holder” refers to those who hold most or most of the shareholding in the company`s securities and therefore constitute a vote of control. It is a simple convertible loan contract intended to be used when a shareholder lends money to a company, usually as a form of transition financing to an expected event (for example. B, the signing of a major trade agreement or a capital raising round). “Equity” refers to securities that are tradable or convertible at maturity and issued by the company.

For the purposes of this communication, all securities are in all respects comparable to those issued by the Company to other investors. The same conditions apply to all securities participating in the satisfaction of this rating, with the same rights and privileges, expressly or otherwise, as those that would be offered to other investors in accordance with applicable laws. (a) the corporation was duly incorporated and is valid under the Corporation Act and has not been suspended or dissolved under the Corporations Act and is well known for submitting annual reports to the Industrial Director of the Corporations Act; (b) the company has all the power and business capacity to own its assets and fortunes and continue its activities as currently managed by it, and to enter into and execute this loan agreement, and the Investor Rights Agreement dates the granting of investor pre-emption rights (the Investor Rights Agreement and with the loan agreement , “transaction documents”). , and to fulfill their obligations under each of these documents; (c) the company has acquired all essential licences, registrations, permits, authorizations, authorizations and authorizations necessary to continue its business activities, and these licences, registrations, permits, permits, permits and permits are in good note, and the company operates in accordance with all the main applicable legal provisions, rules and rules of any jurisdiction in which its activities are conducted; (d) each of the transaction documents, when executed and delivered, constitutes a legal, valid and binding obligation of the company, applicable to the company in accordance with its terms, subject to applicable bankruptcy, insolvency and other similar laws that affect the rights of creditors in general and fair principles; (e) neither the execution and provision of transactional documents nor compliance with the terms and conditions of the transaction documents are contrary to the terms or conditions or lead to a violation of any of the conditions or provisions of an agreement, instrument or agreement which:

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