Web§ 46.33 Conversion of funds. Any licensee who collects or receives funds for or on behalf of another person or firm in connection with produce shall not make any use or disposition … WebIf, after the date hereof, a Qualified Financing occurs, the entire unpaid principal amount and unpaid accrued interest (if any) of each Note shall be automatically converted into that number of shares of the series of the Company ’s preferred stock issued in the Qualified Financing (the “ New Preferred Stock ”) equal to the quotient of (i) the …
Qualified Financing Sample Clauses: 103 Samples Law Insider
WebGenerally, convertible notes convert into shares (the “Conversion Shares”) at a qualified equity financing round (this term should be defined in the note and usually means a preferred financing round of a minimum size) at the lower of two different prices per share: (1) the price per share using the conversion cap (known as the “Cap Price ... WebApr 13, 2024 · The Company will be obligated to force the conversion (the “ Mandatory Conversion ”) of the principal amount of the then outstanding Notes into Common Shares on not more than 60 days’ and not less than 10 days’ notice in connection with a qualified equity or similar financing (either qualified by a prospectus or by way of a private … blue cross blue shield medicaid kentucky
The Mechanics of Converting Convertible Notes - Vela Wood
WebVoluntary Conversion at the Maturity Date. If the Notes have not been previously converted pursuant to a Qualified Financing, then, effective upon the Maturity Date, the Majority Holders may elect to convert each of the Notes into shares of a newly created series of the Company’s preferred stock on the terms and conditions agreed upon by the ... WebSep 19, 2024 · A qualified financing in a convertible note is usually defined as a fundraising of at least a fixed amount of money (for example, $1M), either including … WebConversion The Note holder may convert a Note at any time after a Note has been fully funded. The Note holder may also convert one or more Notes, whether or not fully funded, upon the Maturity Date or the date of a Qualified Financing or Liquidity Event. Any conversion shall be in the sole discretion of the note holder. All conversion free jewel quest games without downloading