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 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 15, 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 2 Contracts from Jaws Hurricane Acquisition Corp
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 January 19, 2021, by and between the Maker and Continental Stock Transfer & Trust Company), 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). 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 TZP Strategies 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 Private Placement Warrants (as defined in that certain Warrant Agreement, dated February 25, 2021, by and between the Maker and Continental Stock Transfer & Trust Company), 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). 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 3 Contracts from Slam Corp.
Conversion. Upon consummation of a Business Combination, the Payee shall have the option, but not the obligation, to convert the outstanding 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 March 18, 2021, by and between the Maker and Continental Stock Transfer & Trust Company), at a price of $1.50 per Warrant, each Warrant being identical to the "private placement war...rant" (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 Plum 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 January 12, 2021, by and between the Maker and Continental Stock Transfer & Trust Company), 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). 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 MARLIN TECHNOLOGY 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 Private Placement Warrants (as defined in that certain Warrant Agreement, dated March 23, 2021, by and between the Maker and Continental Stock Transfer & Trust Company), at a price of $1.50 per Warrant, each Warrant being identical to the "private placement warrant" (as de...fined 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 a 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 Levere Holdings Corp. contract
Conversion. Upon consummation of a Business Combination, the each 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 each of the Payee, Payees, 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 dated February 24, 2021 in connection with the IPO). Maker's initial public offering of units (the "IPO")...). As promptly after notice by a Payee to Maker to convert the such Payee's 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 such Payee's surrender of this Note, Maker shall have issued and delivered to such Payee, without any charge to such Payee, in book-entry form or a certificate or certificates (issued in the name(s) requested by such Payee) for the number of Warrants of Maker issuable upon the conversion of this Note. View More
Found in USHG Acquisition Corp. contract
Conversion. Upon consummation of a Business Combination, At any time on or prior to the Maturity Date, 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). dated February 17, 2021). 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 of Maker issuable upon the conversion of this Note. View More
Found in Catcha Investment 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 at a price of $1.50 per Warrant, each Warrant being identical to the "private placement warrant" (as warrant," as defined in Maker's final prospectus Registration Statement on Form S-1 (File No. 333-253203) (the "Registration Statement") filed with the Securities... and Exchange Commission in connection with the IPO). Maker's initial public offering (the "IPO"). 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 of Maker issuable upon the conversion of this Note. View More
Found in Sandbridge X2 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 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). dated August 13, 2020). 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 of Maker issuable upon the conversion of this Note. View More
Found in Dragoneer Growth Opportunities Corp. contract