Conversion Clause Example with 36 Variations from Business Contracts

This page contains Conversion clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Conversion. Upon consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert the principal balance of this Note, in whole or in part at the option of the Payee, into warrants ("Warrants") of the Maker at a price of $1.50 per Warrant, each Warrant being identical to the "private placement warrant" (as defined in Maker's final prospectus in connection with the IPO). As promptly after notice by Payee to Maker to convert the principal balance of this Note, which m...ust be made at least 24 hours prior to the consummation of the Business Combination, as reasonably practicable and after Payee's surrender of this Note, Maker shall have issued and delivered to Payee, without any charge to Payee, in book-entry form or a certificate or certificates (issued in the name(s) requested by Payee) for the number of Warrants of Maker issuable upon the conversion of this Note. View More
Found in Longview Acquisition Corp. II contract

Variations of a "Conversion" Clause from Business Contracts

Conversion. Upon Concurrently with the consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert up to the principal balance Total Principal Amount of this Note, in whole or in part at the option of the Payee, into additional warrants ("Warrants") of the Maker (each, a "Warrant"), at a price of $1.50 per Warrant, each Warrant being exercisable for one Class A ordinary share, $0.0001 par value per share, of the Maker. The Warrants shall be identical to the "p...rivate private placement warrant" (as defined in warrants issued to the Payee at the time of the Maker's final prospectus in connection with the IPO). IPO. As promptly as reasonably practicable after notice by the Payee to the Maker to convert the principal balance outstanding amount of this Note, in whole or in part, into Warrants, which notice must be made at least 24 hours five (5) business days prior to the consummation of the Business Combination, as reasonably practicable and after the Payee's surrender of this Note, the Maker shall have issued and delivered to the Payee, without any charge to Payee, in book-entry form or a warrant certificate or certificates (issued in the name(s) requested by Payee) the Payee), or shall have made appropriate book-entry notation on the books and records of the Maker, in each case for the number of Warrants of the Maker issuable upon the conversion of this Note. View More
Found in Forbion European Acquisition Corp. contract
Conversion. Upon consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert up to $1,500,000 of the principal balance Total Principal Amount of this Note, in whole or in part at the option of the Payee, into warrants ("Warrants") of the Maker (each, a "Warrant"), at a price of $1.50 $1.00 per Warrant, each Warrant being exercisable for one Class A ordinary share, $0.0001 par value per share, of the Maker. The Warrants shall be identical to the "private privat...e placement warrant" (as defined in warrants issued to the Sponsor at the time of the Maker's final prospectus in connection with the IPO). IPO. As promptly as reasonably practicable after notice by the Payee to the Maker to convert the principal balance of this Note, in whole or in part, into Warrants, which notice must be made at least 24 hours five (5) business days prior to the consummation of the Business Combination, as reasonably practicable and after the Payee's surrender of this Note, the Maker shall have issued and delivered to the Payee, without any charge to Payee, in book-entry form or a warrant certificate or certificates (issued in the name(s) requested by Payee) the Payee), or shall have made appropriate book-entry notation on the books and records of the Maker, in each case for the number of Warrants of the Maker issuable upon the conversion of this Note. View More
Found in CC Neuberger Principal Holdings III contract
Conversion. Upon consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert the principal balance of this Note, in whole or in part at the option of the Payee, into warrants ("Warrants") units ("Units") of the Maker at a price of $1.50 $10.00 per Warrant, Unit, each Warrant Unit being identical to the "private placement warrant" units" (as defined in Maker's final prospectus in connection with the IPO). dated March 23, 2015). As promptly after notice by Payee... to Maker to convert the principal balance of this Note, which must be made at least 24 hours prior to the consummation of the Business Combination, as reasonably practicable and after Payee's surrender of this Note, Maker shall have issued and delivered to Payee, without any charge to Payee, in book-entry form or a certificate or certificates (issued in the name(s) requested by Payee) for the number of Warrants Units of Maker issuable upon the conversion of this Note. View More
Found in NextDecade Corp. contract
Conversion. Upon consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert the principal balance of this Note, in whole or in part at the option of the Payee, into warrants ("Warrants") of the Maker (each, a "Warrant"), at a price of $1.50 $2.00 per Warrant, each Warrant being exercisable for one Class A ordinary share, $0.0001 par value per share, of the Maker (the "Class A Stock"). The Warrants shall be identical to the "private private placement warrant" ...(as defined in warrants issued to the Sponsor at the time of the Maker's final prospectus in connection with the IPO). IPO. As promptly as reasonably practicable after notice by the Payee to the Maker to convert the principal balance of this Note, in whole or in part, into Warrants, which notice must be made at least 24 hours five (5) business days prior to the consummation of the Business Combination, as reasonably practicable and after the Payee's surrender of this Note, the Maker shall have issued and delivered to the Payee, without any charge to Payee, in book-entry form or a warrant certificate or certificates (issued in the name(s) requested by Payee) the Payee), or shall have made appropriate book-entry notation on the books and records of the Maker, in each case for the number of Warrants of the Maker issuable upon the conversion of this Note. View More
Found in Jaws Mustang Acquisition Corp contract
Conversion. Upon consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert the principal balance Total Principal Amount of this Note, in whole or in part at the option of the Payee, into warrants ("Warrants") of the Maker (each, a "Warrant"), at a price of $1.50 $1.00 per Warrant, each Warrant being exercisable for one share of Class A common stock, $0.0001 par value per share, of the Maker (the "Class A Stock"). The Warrants shall be identical to the "priva...te private placement warrant" (as defined in warrants issued to the Sponsor at the time of the Maker's final prospectus in connection with the IPO). IPO. As promptly as reasonably practicable after notice by the Payee to the Maker to convert the principal balance of this Note, in whole or in part, into Warrants, which notice must be made at least 24 hours five (5) business days prior to the consummation of the Business Combination, as reasonably practicable and after the Payee's surrender of this Note, the Maker shall have issued and delivered to the Payee, without any charge to Payee, in book-entry form or a warrant certificate or certificates (issued in the name(s) requested by Payee) the Payee), or shall have made appropriate book-entry notation on the books and records of the Maker, in each case for the number of Warrants of the Maker issuable upon the conversion of this Note. View More
Found in OCA Acquisition Corp. contract
Conversion. Upon consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert the principal balance of this Note, in whole or in part at the option of the Payee, into warrants ("Warrants") Class A ordinary shares ("Shares") of the Maker at a price of $1.50 $10.00 per Warrant, Share, each Warrant Share being identical to the "private placement warrant" shares" (as defined in Maker's final prospectus in connection with the IPO). dated June 9, 2021). As promptly a...fter notice by Payee to Maker to convert the principal balance of this Note, which must be made at least 24 hours prior to the consummation of the Business Combination, as reasonably practicable and after Payee's surrender of this Note, Maker shall have issued and delivered to Payee, without any charge to Payee, in book-entry form or a certificate or certificates (issued in the name(s) requested by Payee) for the number of Warrants Shares of Maker issuable upon the conversion of this Note. View More
Found in Gobi Acquisition Corp. contract
Conversion. Upon consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert the principal balance of this Note, in whole or in part at the option of the Payee, into warrants ("Warrants") of the Maker (each, a "Warrant"), at a price of $1.50 per Warrant, each Warrant being exercisable for one Class A ordinary share, $0.0001 par value per share, of the Maker (the "Class A Shares"). The Warrants shall be identical to the "private private placement warrant" (as d...efined in warrants issued to the Sponsor at the time of the Maker's final prospectus in connection with the IPO). initial public offering ("IPO"). As promptly as reasonably practicable after notice by the Payee to the Maker to convert the principal balance of this Note, in whole or in part, into Warrants, which notice must be made at least 24 hours five (5) business days prior to the consummation of the Business Combination, as reasonably practicable and after the Payee's surrender of this Note, the Maker shall have issued and delivered to the Payee, without any charge to Payee, in book-entry form or a warrant certificate or certificates (issued in the name(s) requested by Payee) the Payee), or shall have made appropriate book-entry notation on the books and records of the Maker, in each case for the number of Warrants of the Maker issuable upon the conversion of this Note. View More
Found in Constellation Acquisition Corp I contract
Conversion. Upon consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert the principal balance of this Note, in whole or in part at the option of the Payee, into warrants ("Warrants") of Private Placement Warrants (as defined in that certain Warrant Agreement, dated August 4, 2020, by and between the Maker and Continental Stock Transfer & Trust Company), at a price of $1.50 $1.00 per Warrant, each Warrant being identical to the "private placement warrant" ...(as defined in Maker's final prospectus in connection with the IPO). Private Placement Warrant. As promptly after notice by Payee to Maker to convert the principal balance of this Note, which must be made at least 24 hours prior to the consummation of the Business Combination, as reasonably practicable and after Payee's surrender of this Note, Maker shall have issued and delivered to Payee, without any charge to Payee, in book-entry form or a warrant certificate or certificates (issued in the name(s) requested by Payee) Payee), or made appropriate book-entry notation on the books and records of the Maker, for the number of Warrants of Maker issuable upon the conversion of this Note. View More
Found in CC Neuberger Principal Holdings II contract
Conversion. Upon consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert the principal balance of this Note, in whole or in part at the option of the Payee, into warrants ("Warrants") of Private Placement Warrants (as defined in that certain Warrant Agreement, dated June 22, 2021, by and between the Maker and Continental Stock Transfer & Trust Company), at a price of $1.50 $2.00 per Warrant, each Warrant being identical to the "private placement warrant" (...as defined in Maker's final prospectus in connection with the IPO). Private Placement Warrant. As promptly after notice by Payee to Maker to convert the principal balance of this Note, which must be made at least 24 hours prior to the consummation of the Business Combination, as reasonably practicable and after Payee's surrender of this Note, Maker shall have issued and delivered to Payee, without any charge to Payee, in book-entry form or a warrant certificate or certificates (issued in the name(s) requested by Payee) Payee), or made appropriate book-entry notation on the books and records of the Maker, for the number of Warrants of Maker issuable upon the conversion of this Note. View More
Found in Jaws Juggernaut Acquisition Corp contract
Conversion. Upon the consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert the principal balance of this Note, in whole or in part at the option of the Payee, into warrants ("Warrants") Class A Ordinary Shares of the Maker Maker, par value $0.0001 (the "Shares"), at a price of $1.50 $10.00 per Warrant, each Warrant being identical to the "private placement warrant" (as defined in Maker's final prospectus in connection with the IPO). Share. As promptly af...ter notice by Payee to Maker to convert the principal balance of this Note, which must be made at least 24 hours prior to the consummation of the Business Combination, as reasonably practicable and after Payee's surrender of this Note, Maker shall have issued and delivered to Payee, without any charge to Payee, in book-entry form or a certificate or certificates (issued in the name(s) requested by Payee) for the number of Warrants Shares of Maker issuable upon the conversion of this Note. View More
Found in Altimeter Growth Corp. 2 contract