Amount to be Converted Clause Samples
The "Amount to be Converted" clause defines the specific sum or value that will be exchanged for equity or another form of consideration during a conversion event, such as the conversion of a convertible note or SAFE into company shares. This clause typically outlines how the amount is calculated, which may include principal, accrued interest, or other adjustments, and clarifies what portion of the investment is eligible for conversion. Its core practical function is to ensure transparency and prevent disputes by clearly specifying the basis for conversion, thereby protecting both the investor and the company.
Amount to be Converted. The requested aggregate amount of such Base Rate Loan to be converted into a Eurodollar Rate Loan is: $ .
Amount to be Converted. The requested aggregate amount of such Eurodollar Rate Loan to be converted into a Base Rate Loan is: $__________. Dated: __________, 19__. COMPUTER ASSOCIATES INTERNATIONAL, INC. By_______________________________ Its EXHIBIT E-1 FORM OF REVOLVING LOAN PROMISSORY NOTE $____________ New York, New York May 26, 1999 FOR VALUE RECEIVED, the undersigned, COMPUTER ASSOCIATES INTERNATIONAL, INC., a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay to the order of ___________________________________ (the "Bank") at the office of Credit Suisse First Boston, located at ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, in lawful money of the United States of America and in immediately available funds, on the Termination Date (or such earlier date upon which such amounts may become due and payable pursuant to the terms of the Credit Agreement described below) the principal amount of (a) ____________________________________ DOLLARS ($______________), or, if less, (b) the aggregate unpaid principal amount of all Revolving Loans made by the Bank to the Borrower pursuant to Section 2.1 of the Credit Agreement, as hereinafter defined. The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in the Credit Agreement, together with all fees and costs payable by the Borrower under the Credit Agreement. The holder of this Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date, Type and amount of each Revolving Loan made pursuant to the Credit Agreement and the date and amount of each payment or prepayment of principal thereof, each continuation thereof, each conversion of all or a portion thereof to another Type and, in the case of Eurodollar Rate Loans, the length of each Interest Period with respect thereto. The failure to make any such endorsement shall not affect the obligations of the Borrower in respect of such Revolving Loan.
Amount to be Converted. The requested aggregate amount of such Eurodollar Rate Loan to be converted into a Base Rate Loan is: $ . Dated: , 19 . COMPUTER ASSOCIATES INTERNATIONAL, INC. By Its EXHIBIT E [LETTERHEAD OF ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇] July [__], 1997 Credit Suisse First Boston, as Administrative Agent ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ The banks and other financial institutions signatory to the Credit Agreement described below Re: Computer Associates International, Inc. Ladies and Gentlemen: We have acted as counsel to Credit Suisse First Boston, as Administrative Agent (in such capacity, the "Agent"), in connection with the preparation, execution and delivery of the Amended and Restated Credit Agreement, dated as of June 30, 1997 (the "Credit Agreement"), among Computer Associates International, Inc., a Delaware corporation (the "Borrower"), the banks and other financial institutions parties thereto (the "Banks") and the Agent, and in connection with the negotiation of the form of the Notes to be delivered in pursuant thereto. This opinion is delivered to you pursuant to subsection 3.1(f) of the Credit Agreement. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. In connection with this opinion, we have examined a counterpart of the Credit Agreement signed by the Borrower and the Agent. In such examination, we have assumed the authenticity of all documents submitted to us as originals, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the conformity of such documents to the original documents. We have also assumed that the Credit Agreement has been duly authorized, executed and delivered by the Borrower, that the Borrower is duly organized and validly existing under the laws of its jurisdiction of incorporation and has the corporate power and authority to execute, deliver and perform its obligations under the Credit Agreement and that the execution, delivery and performance by the Borrower of the Credit Agreement has been duly authorized by all necessary corporate action on the part of the Borrower, does not contravene its articles or certificate of incorporation or by-laws or similar organizational documents or violate, or require any consent not obtained under, any applicable law or regulation or any...
Amount to be Converted. The requested aggregate amount of such ABR Loan to be converted into a Eurodollar Loan is: $_______________ . -------- (1) Insert Part A and/or B, as applicable.
Amount to be Converted. The requested aggregate amount of such [ABR; U.S. Prime Rate; Canadian Prime Rate] Loan to be converted into a [Eurocurrency; BA] Loan is: $/C$ .
(1) Insert Part A and/or B, as applicable.
Amount to be Converted. All of the principal amount outstanding under this Note The following amount of principal outstanding under this Note: $____________
Amount to be Converted. The requested aggregate amount of such [Eurocurrency; BA] Loan to be converted into an [ABR; U.S. Prime Rate; Canadian Prime Rate] Loan is: $/C$ . [REEBOK INTERNATIONAL LTD.] [REEBOK INTERNATIONAL LIMITED] [REEBOK CANADA INC.] [SPORT MASKA INC.] [MEXICAN BORROWER] Dated: , 20 By Name: Title: EXHIBIT D to
1. The Additional Cost is an addition to the interest rate in relation to the cost of compliance with the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions).
2. On the first day of each Interest Period (or as soon as possible thereafter), the General Administrative Agent shall calculate, as a percentage rate, a rate (the “Additional Cost Rate”) in accordance with the paragraphs set out below. The Additional Cost will be calculated by the General Administrative Agent by reference to its principal London lending office’s (the “Reference Bank”) own rates and will be expressed as a percentage rate per annum.
3. The Additional Cost Rate for any Lender lending from a lending office in the United Kingdom will be calculated by the General Administrative Agent as follows: AB + C(B - D) + Ex0.01 per cent. per annum 100 - (A + C) Where: