Conversion Prior to Maturity Sample Clauses
The "Conversion Prior to Maturity" clause allows holders of convertible securities, such as convertible notes or preferred shares, to convert their holdings into equity before the original maturity date of the instrument. Typically, this clause outlines the conditions under which early conversion is permitted, such as upon a qualifying financing event or at the holder's discretion, and specifies the conversion ratio or price. Its core practical function is to provide flexibility for investors and issuers, enabling early participation in the company's equity and potentially aligning interests or responding to changing circumstances before the security matures.
Conversion Prior to Maturity. If it becomes unlawful or prohibited for a Lender to maintain Libor Loans in US Dollars or in Euros, all Libor Loans owed to such Lender (in US Dollars or Euros, as applicable) will become US Base Rate Loans on the date of the notice given pursuant to Section 4.2.
Conversion Prior to Maturity. If it becomes unlawful or prohibited for a Lender to maintain Libor Loans, all Libor Loans owed to such Lender will become US Base Rate Loans on the date of the notice given pursuant to Section 4.2.
Conversion Prior to Maturity. At any time beginning on January 1, 2027 and ending at the Close of Business on the Business Day immediately preceding the Maturity Date.