Examples of Conversion Obligation in a sentence
The Company’s settlement of the full Conversion Obligation shall be deemed to satisfy in full its obligation to pay the principal amount of the Note and accrued and unpaid interest, if any, to, but not including, the relevant Conversion Date.
Upon conversion of any Note, the Company shall pay cash up to the aggregate principal amount of such Notes and shall pay or deliver, as the case may be, cash, shares of Common Stock or a combination thereof in respect of the remainder, if any, of the Conversion Obligation in excess of the aggregate principal amount of such Note.
None of the foregoing provisions shall affect the right of a Holder to convert its Notes into cash up to the aggregate principal amount of such Notes and cash, shares of Common Stock or a combination of cash and shares of Common Stock, as applicable, in respect of the remainder, if any, of the Conversion Obligation in excess of the aggregate principal amount of such Notes as set forth in Section 14.01 and Section 14.02 prior to the effective date of such Specified Corporate Event.
In such event, the Conversion Obligation shall be paid to Holders in cash on the second Business Day following the Conversion Date.
In such event, the Conversion Obligation shall be determined and paid to Holders in cash on the second Business Day following the Conversion Date.