Common use of Conversion Consideration Clause in Contracts

Conversion Consideration. (i) Generally. Subject to Section 5.03(A)(ii) and Section 5.03(A)(iv), the type and amount of consideration (the “Conversion Consideration”) due in respect of each $1,000 Capitalized Principal Amount of a Note to be converted will be: (1) a number of shares of Common Stock equal to the Conversion Rate for such conversion; plus (2) the Applicable Premium or, if applicable, the Strategic Make-Whole (but, for the avoidance of doubt, Holders shall not be entitled to receive both the Applicable Premium and Strategic Make-Whole with respect to any conversion);

Appears in 2 contracts

Sources: Indenture (Biora Therapeutics, Inc.), Indenture (Biora Therapeutics, Inc.)