Corporate Transaction or IPO. In the event of a Corporate Transaction prior to full payment or conversion of the Note as provided herein, the Outstanding Amounts Due may, at the option of the Foundation, (i) be declared due and payable, in whole or in part, prior to the closing of the Corporate Transaction, and/or (ii) converted into Conversion Shares, in whole or in part, with the number of Conversion Shares to be issued upon such conversion equal to the quotient obtained by dividing the amount of the Outstanding Amounts Due elected to be converted by the Foundation on the date of conversion, by the Conversion Price.
Appears in 4 contracts
Samples: Note Purchase Agreement, Note Purchase Agreement, Note Purchase Agreement
