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Convertible Bond Agreement
"I need a Convertible Bond Agreement for my Saudi tech startup to raise SAR 10 million, with conversion rights exercisable from January 2025, including provisions for foreign investors and mandatory conversion if we achieve SAR 50 million in annual revenue."
1. Parties: Identification of the Issuer, Bondholders (or Bondholders' Representative), and any other key parties
2. Background: Context of the bond issuance and purpose of the financing
3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation
4. Bond Issuance and Status: Details of the bonds being issued, their status, and ranking
5. Sharia Compliance: Provisions ensuring the structure complies with Islamic finance principles
6. Subscription and Issuance: Process and conditions for subscribing to and issuing the bonds
7. Interest/Profit Rate: Sharia-compliant profit rate structure and calculation methods
8. Conversion Rights and Procedures: Terms and mechanics for converting bonds to shares
9. Conversion Price Adjustments: Mechanisms for adjusting conversion price based on corporate actions
10. Representations and Warranties: Standard and transaction-specific representations by the issuer
11. Covenants: Issuer's ongoing obligations and restrictions
12. Events of Default: Circumstances constituting default and consequences
13. Meetings of Bondholders: Procedures for bondholder meetings and collective decisions
14. Notices: Communication procedures between parties
15. Governing Law and Jurisdiction: Saudi law as governing law and dispute resolution provisions
1. Security: Required if the bonds are secured by any assets or guarantees
2. Guarantees: Required if there are any third-party guarantors
3. Early Redemption Rights: Include if the issuer has right to redeem early or bondholders have put options
4. Strategic Investor Rights: Required if specific investors receive additional rights or privileges
5. Foreign Investment Provisions: Required if foreign investors are eligible to subscribe
6. Tax Provisions: Required if specific tax treatments or gross-up provisions apply
7. Share Lending: Required if there are arrangements for share lending during conversion
8. Market Making Provisions: Required if there are arrangements for market making
1. Form of Bond Certificate: Template for the physical or electronic bond certificates
2. Conversion Notice: Form of notice to be used when exercising conversion rights
3. Conversion Price Adjustment Formulae: Detailed mathematical formulae for conversion price adjustments
4. Sharia Structure Diagram: Visual representation of the Sharia-compliant structure
5. Form of Transfer Certificate: Template for transferring bonds between holders
6. Financial Covenants Calculations: Detailed methods for calculating financial covenants
7. Know Your Customer Requirements: Documentation requirements for bondholders
8. Regulatory Approvals: Copies or details of required regulatory approvals
Authors
Business Day
Capital Market Authority
Change of Control
Closing Date
Company
Conversion Date
Conversion Notice
Conversion Period
Conversion Price
Conversion Rate
Conversion Rights
Conversion Shares
Default Event
Effective Date
Encumbrance
Events of Default
Exercise Period
Extraordinary Resolution
Financial Indebtedness
Financial Year
Governing Law
Group
Issue Date
Issuer
Material Adverse Effect
Maturity Date
Net Profit Rate
Nominal Amount
Optional Redemption Date
Ordinary Shares
Paying Agent
Payment Date
Permitted Security Interest
Principal Amount
Profit Payment
Profit Period
Profit Rate
Record Date
Redemption Amount
Redemption Date
Redemption Notice
Reference Price
Register
Registrar
Regulatory Approvals
Relevant Exchange Rate
Relevant Jurisdiction
Saudi Arabian Riyal
Securities
Security
Security Agent
Sharia Advisor
Sharia Principles
Subscription Agreement
Subsidiary
Sukuk Assets
Tax
Trading Day
Transaction Documents
Transfer
Trust Deed
Trustee
Status and Ranking
Form and Denomination
Register and Title
Sharia Compliance
Profit Payments
Conversion Rights
Conversion Price Adjustments
Redemption and Purchase
Payments
Taxation
Events of Default
Enforcement
Meetings of Bondholders
Modifications and Waivers
Representations and Warranties
Covenants
Security
Transfer Restrictions
Notices
Further Issues
Currency Indemnity
Governing Law
Jurisdiction
Agent Provisions
Regulatory Compliance
Anti-Money Laundering
Confidentiality
Assignment
Severability
Force Majeure
Entire Agreement
Counterparts
Financial Services
Islamic Finance
Technology
Real Estate
Manufacturing
Healthcare
Energy
Telecommunications
Infrastructure
Consumer Goods
Education
Transportation
Legal
Finance
Treasury
Corporate Finance
Compliance
Risk Management
Corporate Secretariat
Board of Directors
Investment
Sharia Advisory
Corporate Strategy
Investor Relations
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Finance Director
Treasury Manager
Corporate Finance Manager
Legal Counsel
Compliance Officer
Sharia Compliance Officer
Investment Manager
Corporate Secretary
Financial Controller
Risk Manager
Board Member
Investment Banker
Corporate Finance Advisor
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