Common use of Status of Converted Debt Clause in Contracts

Status of Converted Debt. Notwithstanding any provision in this Agreement to the contrary, upon the effectiveness of the conversion of any Associated Debt pursuant to and in accordance with the rights set forth in this Section 2.3, such Associated Debt will deemed to have been paid in full and no longer outstanding.

Appears in 1 contract

Samples: Contingent Convertible Debt Agreement (BigCommerce Holdings, Inc.)

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Status of Converted Debt. Notwithstanding any provision in this Agreement to the contrary, upon the effectiveness of the conversion of any Associated Debt pursuant to and in accordance with the rights set forth in this Section 2.32.3 and Section 2.4 below, such Associated Debt will deemed to have been paid in full and no longer outstanding.

Appears in 1 contract

Samples: Contingent Convertible Debt Agreement (BigCommerce Holdings, Inc.)

Status of Converted Debt. Notwithstanding any provision in this Agreement to the contrary, but subject to Section 1.2(f), upon the effectiveness of the conversion of any Associated Debt pursuant to and in accordance with the rights set forth in provisions of this Section 2.31.2, such Associated Debt will automatically be deemed to have been paid in full and no longer outstanding.

Appears in 1 contract

Samples: Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.)

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Status of Converted Debt. Notwithstanding any provision in this Agreement to the contrary, upon the effectiveness of the conversion of any Associated Debt pursuant to and in accordance with the rights set forth in provisions of this Section 2.31.2, such Associated Debt will automatically be deemed to have been paid in full and no longer outstanding.

Appears in 1 contract

Samples: Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.)

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