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: Securities Purchase Agreement (Zoomcar Holdings, Inc.), Convertible Security Agreement (Zoomcar Holdings, Inc.), Securities Purchase Agreement (Next.e.GO N.V.)
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: Convertible Security Agreement (ACE Convergence Acquisition Corp.), Securities Purchase Agreement (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 2 contracts
Samples: Convertible Security Agreement (Klotho Neurosciences, Inc.), Convertible Security Agreement (Psyence Biomedical Ltd.)
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: Note (AtlasClear Holdings, Inc.)
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: Convertible Security Agreement (Iris Acquisition Corp)
