Conversion of Company Convertible Notes. Following the Effective Time, Parent shall take all actions necessary, in accordance with state and federal securities laws and the terms of the indenture governing the Company Convertible Notes, to effect any conversion of the Company Convertible Notes issued and outstanding at the time of such conversion as requested by the holders of the Company Convertible Notes.
Conversion of Company Convertible Notes. Company shall take all requisite action so that, as of the Effective Time, each note issued by the Company which is convertible into shares of the Company Common Stock is converted, by virtue of the Merger and without any action on the part of the holder of such convertible note, into that number of shares of Parent Common Stock equal to the product of the aggregate number of shares of Company Common Stock, as the case may be, into which such note was convertible and (ii) the Exchange Ratio, rounded down to the nearest whole share. All such convertible notes shall continue to have, and be subject to, the same terms and conditions set forth in such convertible notes except as otherwise provided for herein
Conversion of Company Convertible Notes. All outstanding Company Convertible Notes shall have been converted into shares of Series A Preferred Stock, and there shall be no Company Convertible Notes outstanding.
Conversion of Company Convertible Notes. Subject to the terms and conditions of this Agreement, at the Effective Time, by virtue of the Merger and without any further action on the part of any Company Convertible Noteholder, each Company Convertible Note principal shall be converted into validly issued, fully paid and nonassessable shares of common stock, par value $0.001 per share, of the Parent at a conversion price of $2.27 a share. All accrued and unearned interest shall remain unpaid.
Conversion of Company Convertible Notes. Other than as provided in this Article 2, the Noteholder will not convert or elect to convert, all or in part, any amount outstanding at any time under any Subject Note into shares of Company Capital Stock. Notwithstanding anything to the contrary in any Subject Note or any other Contract relating thereto, effective as of the time that is immediately prior to the Effective Time, (a) the then-current outstanding unpaid principal and accrued but unpaid interest under each such Subject Note (together with any other unpaid fees due thereunder, the “Convertible Amount”), shall automatically convert into shares of Company Common Stock in accordance with the terms and conditions set forth in such Subject Note, (b) each such Subject Note shall be deemed to be paid in full and shall cease to be binding upon the Company and the Surviving Corporation, and none of the Company, the Surviving Corporation or any of their Affiliates shall have any further obligations with respect thereto, and (c) each of Parent, Merger Sub, the Company and the Surviving Corporation are hereby authorized to file any UCC-3 financing statement terminating such Noteholder’s Liens in any assets or properties of the Company or the Surviving Corporation and authorizes each of Parent, Merger Sub, the Company and the Surviving Corporation, or its designees, to take any other action reasonably necessary to effect the foregoing. The Noteholder releases Parent, Merger Sub, the Company and the Surviving Corporation from any and all claims related to the Subject Notes upon their conversion as set forth in this Article 2.
Conversion of Company Convertible Notes. Effective as of the Effective Time, each Company Convertible Note held by an Electing Company Convertible Noteholder, to the extent then outstanding, shall automatically, without any action on the part of the holder thereof, be cancelled and converted into and thereafter evidence that number of shares of Holdings Common Stock equal to (a) the outstanding principal amount of, and accreted interest on, such Company Convertible Note as of immediately prior to the Effective Time, multiplied by (b) the Exchange Ratio, and divided by (c) the Per Share Price, rounded up to the nearest whole number of shares of Holdings Common Stock.
Conversion of Company Convertible Notes. All of the outstanding Company Convertible Notes shall have been converted into Series B - 1 Preferred Stock.
Conversion of Company Convertible Notes. At the Effective Time, by virtue of the Merger and without any further action on the part of the Parties or holder of the Company Convertible Notes, each Company Convertible Note that is issued and outstanding immediately prior to the First Merger Effective Time shall, as of the First Merger Effective Time, (i) be converted into such number of Company Ordinary Shares pursuant to the terms and conditions of the Company Convertible Notes and (ii) immediately thereafter such resulting Company Ordinary Shares shall be treated in accordance with Section 2.1(a) of this Agreement and converted into the right to receive such number of Pubco Class A Ordinary Shares based on the Exchange Ratio.
Conversion of Company Convertible Notes
