This example Conversion clause appears in
3 contracts
from
1 company
Conversion. (c) Payee shall pay any and all issue and other taxes that may be payable with respect to any issue or delivery of the Working Capital Units upon conversion of this Note pursuant hereto; provided, however, that Payee shall not be obligated to pay any transfer taxes resulting from any transfer requested by Payee in connection with any such conversion. (d) The Working Capital Units shall not be issued upon conversion of this Note unless such issuance and such conversion comply with all applicable ...provisions of law. No fractional Working Capital Units shall be issued upon conversion of this Note. For the avoidance of doubt, in the event that all principal on this Note has been paid in full on or prior to the Maturity Date, then Payee shall not be entitled to convert any portion of this Note into Working Capital Units. Upon conversion of this Note in full, this Note shall be cancelled and void without further action of Maker or Payee, and Maker shall be forever released from all its obligations and liabilities under this Note.View More
