This example Conversion clause appears in
3 contracts
from
1 company
Conversion. Upon consummation of a Business Combination, 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 Payee, into shares of Class A Common Stock of Maker, par value $0.0001 per share (the "Class A Common Stock"), at a price of $10.00 per shares of Class A Common Stock, as adjusted for any stock splits or combinations; provided that any such conversion may not occur until after the 60th day following the effective dat...e of the registration statement filed in connection with Maker's IPO. As promptly as reasonably practicable after notice by Payee to Maker to convert the principal balance of this Note into shares of Class A Common Stock, which notice must be made at least five (5) business days prior to the consummation of the Business Combination, and after Payee's surrender of this Note, Maker shall have issued and delivered to Payee, without any charge to Payee, a share certificate or certificates (issued in the name(s) requested by Payee), or shall have made appropriate book-entry notation on the books and records of Maker, in each case for the number of shares of Class A Common Stock of Maker issuable upon the conversion of this Note.View More
