Cash Election Convertible Notes Clause Samples

Cash Election Convertible Notes. Each Cash Election Convertible Note shall be cancelled and converted into the right to receive (A) the Merger Consideration multiplied by (B) the number of shares determined by dividing (i) the aggregate outstanding principal amount of such Cash Election Convertible Note, any accrued but unpaid interest, and any other amounts payable under such Cash Election Convertible Note, calculated as of immediately prior to the Effective Time, by (ii) the quotient obtained by dividing (a) the Valuation Cap (as defined in the Convertible Notes) by (b) the Company Capitalization (as defined in the Convertible Notes).