Common use of Sale and Issuance of Note Clause in Contracts

Sale and Issuance of Note. Subject to the terms and conditions of this Agreement, at the Closing, the Company agrees to issue and sell the Note with a principal value of US$500 million to the Purchaser, and, in exchange, the Purchaser agrees to subscribe for and purchase the Note from the Company for an aggregate price of US$500 million (being 100% of the face value thereof) (the “Purchase Price”).

Appears in 2 contracts

Sources: Convertible Note Purchase Agreement (Priceline Group Inc.), Convertible Note Purchase Agreement (Priceline Group Inc.)

Sale and Issuance of Note. Subject to the terms and conditions of this Agreement, at the Closing, the Company agrees to issue and sell the Note with a principal value of US$500 250 million to the Purchaser, and, in exchange, the Purchaser agrees to subscribe for and purchase the Note from the Company for an aggregate price of US$500 250 million (being 100% of the face value thereof) (the “Purchase Price”).

Appears in 1 contract

Sources: Convertible Note Purchase Agreement (Priceline Group Inc.)