Go back
Can the promoter refuse the option of a convertible loan after the deadline stipulated in the initial contract?
No.
As stated in the loan agreement, the promoter has the obligation to accept the debt conversion according to the predefined terms. The loan conversion option is unilateral—that is, the borrower has the obligation to accept the lender's decision. The power to decide fully rests on the investor. However, it is important to note that the request for conversion must be made within the time frame that is agreed upon in the loan agreement.
Most Frequently Asked:
© 2023 Goparity
Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at www.goparity.com. Power Parity, SA is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the nº 8711.