Common use of Delivery of Conversion Shares Upon Conversion Clause in Contracts

Delivery of Conversion Shares Upon Conversion. A Note shall be deemed to have been converted immediately prior to the close of business on any date (the “Conversion Date”) that the Holder has complied with the requirements set forth in subsection (ii) above. Not later than two (2) Business Days following the applicable conversion of the Note (the “Share Delivery Date”), the Company shall deliver, or cause to be delivered, to the Holder the Conversion Shares. The Company shall deliver any Conversion Shares required to be delivered by the Company under this Section 5(c) electronically through the Depository Trust Company or another established clearing corporation performing similar functions.

Appears in 4 contracts

Samples: Registration Rights Agreement (Zoomcar Holdings, Inc.), Securities Purchase Agreement (Next.e.GO N.V.), Zoomcar Holdings, Inc.

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Delivery of Conversion Shares Upon Conversion. A Note shall be deemed to have been converted immediately prior to the close of business on any the date (the “Conversion Date”) that the Holder has complied with the requirements set forth in subsection (iiSection 7(c)(ii) above. Not later than two (2) Business Days As promptly as practicable following the applicable conversion of the Note (the “Share Delivery Date”), the Company shall deliver, or cause to be delivered, to the Holder the Conversion Shares. The Company shall deliver any Conversion Shares required to be delivered by the Company under this Section 5(c7(c) electronically through the Depository Trust Company or another established clearing corporation performing similar functions.. ​

Appears in 2 contracts

Samples: Securities Purchase Agreement (ACE Convergence Acquisition Corp.), ACE Convergence Acquisition Corp.

Delivery of Conversion Shares Upon Conversion. A The Note shall be deemed to have been converted immediately prior to the close of business on any date (the “Conversion Date”) that the Holder has complied with the requirements set forth in subsection (ii) above. Not later than two (2) Business Days following the applicable conversion of the Note (the “Share Delivery Date”), the Company shall electronically deliver, or cause to be delivereddelivered via DWAC transfer, to the Holder the Conversion Shares. The Company shall deliver any Conversion Shares required to be delivered by the Company under this Section 5(c) electronically through the Depository Trust Company or another established clearing corporation performing similar functions.

Appears in 1 contract

Samples: Psyence Biomedical Ltd.

Delivery of Conversion Shares Upon Conversion. A Note shall be deemed to have been converted immediately prior to the close of business on any the date (the “Conversion Date”) that the Holder has complied with the requirements set forth in subsection (iiSection 6(c)(ii) above. Not later than two (2) Business Days As promptly as practicable following the applicable conversion of the Note (the “Share Delivery Date”), the Company shall deliver, or cause to be delivered, to the Holder the Conversion Shares. The Company shall deliver any Conversion Shares required to be delivered by the Company under this Section 5(c6(c) electronically through the Depository Trust Company or another established clearing corporation performing similar functions.

Appears in 1 contract

Samples: Iris Acquisition Corp

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Delivery of Conversion Shares Upon Conversion. A The Note shall be deemed to have been converted immediately prior to the close of business on any date (the “Conversion Date”) that the Holder Investor has complied with the requirements set forth in subsection (ii) above. Not later than two (2) Business Days following the applicable conversion of the Note (the “Share Delivery Date”), the Company shall electronically deliver, or cause to be delivereddelivered via Deposit/withdrawal at custodian transfer, to the Holder Investor the Conversion Shares. The Company shall deliver any Conversion Shares required to be delivered by the Company under this Section 5(c5(e) electronically through the Depository Trust Company or another established clearing corporation performing similar functions.

Appears in 1 contract

Samples: AtlasClear Holdings, Inc.

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