{"component": "clause", "props": {"groups": [{"samples": [{"hash": "kHFLfLUiZlZ", "uri": "/contracts/kHFLfLUiZlZ#conversion-consideration", "label": "Indenture (Boxed, Inc.)", "score": 32.950717926, "published": true}, {"hash": "lBD4BaOYPb5", "uri": "/contracts/lBD4BaOYPb5#conversion-consideration", "label": "Indenture (Seven Oaks Acquisition Corp.)", "score": 32.8056144714, "published": true}, {"hash": "AHqq9AhldO", "uri": "/contracts/AHqq9AhldO#conversion-consideration", "label": "Indenture (Peloton Interactive, Inc.)", "score": 32.1129379272, "published": true}], "size": 22, "snippet": "(i) Generally. Subject to Section 5.03(B)(ii) and Section 5.03(B)(iii), the type and amount of consideration (the \u201cConversion Consideration\u201d) due in respect of each $1,000 principal amount of a Note to be converted will be as follows:\n(1) if Physical Settlement applies to such conversion, a number of shares of Common Stock equal to the Conversion Rate in effect on the Conversion Date for such conversion;\n(2) if Cash Settlement applies to such conversion, cash in an amount equal to the sum of the Daily Conversion Values for each VWAP Trading Day in the Observation Period for such conversion; or\n(3) if Combination Settlement applies to such conversion, consideration consisting of (a) a number of shares of Common Stock equal to the sum of the Daily Share Amounts for each VWAP Trading Day in the Observation Period for such conversion; and (b) an amount of cash equal to the sum of the Daily Cash Amounts for each VWAP Trading Day in such Observation Period.", "snippet_links": [{"key": "subject-to-section", "type": "clause", "offset": [15, 33]}, {"key": "amount-of-consideration", "type": "clause", "offset": [85, 108]}, {"key": "in-respect-of", "type": "definition", "offset": [146, 159]}, {"key": "principal-amount", "type": "clause", "offset": [172, 188]}, {"key": "note-to", "type": "definition", "offset": [194, 201]}, {"key": "physical-settlement", "type": "definition", "offset": [242, 261]}, {"key": "applies-to", "type": "clause", "offset": [262, 272]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [292, 324]}, {"key": "equal-to", "type": "definition", "offset": [325, 333]}, {"key": "conversion-rate", "type": "definition", "offset": [338, 353]}, {"key": "effect-on-the", "type": "clause", "offset": [357, 370]}, {"key": "conversion-date", "type": "clause", "offset": [371, 386]}, {"key": "cash-settlement", "type": "definition", "offset": [415, 430]}, {"key": "sum-of", "type": "clause", "offset": [490, 496]}, {"key": "the-daily", "type": "clause", "offset": [497, 506]}, {"key": "vwap-trading-day", "type": "definition", "offset": [534, 550]}, {"key": "observation-period", "type": "clause", "offset": [558, 576]}, {"key": "combination-settlement", "type": "clause", "offset": [608, 630]}, {"key": "daily-share-amounts", "type": "definition", "offset": [750, 769]}, {"key": "daily-cash-amounts", "type": "definition", "offset": [893, 911]}], "hash": "fcd4c11ad7220be56ea7654acaebd727", "id": 1}, {"samples": [{"hash": "fcyCSJxIoWI", "uri": "/contracts/fcyCSJxIoWI#conversion-consideration", "label": "First Supplemental Indenture (Par Technology Corp)", "score": 32.7097892761, "published": true}, {"hash": "j0GPJIiMuBm", "uri": "/contracts/j0GPJIiMuBm#conversion-consideration", "label": "Indenture (Par Technology Corp)", "score": 31.1081447601, "published": true}, {"hash": "63XD5lUAUbu", "uri": "/contracts/63XD5lUAUbu#conversion-consideration", "label": "Indenture (Par Technology Corp)", "score": 30.2840518951, "published": true}], "size": 10, "snippet": "The type and amount of consideration (the \u201cConversion Consideration\u201d) due in respect of each $1,000 principal amount of a Note to be converted shall be as follows:\n(1) if Physical Settlement applies to such conversion, (I) a whole number of shares of Common Stock equal to the Conversion Rate in effect on the Conversion Date for such conversion (which, if not a whole number, shall be rounded down to the nearest whole number); and (II) if such Conversion Rate is not a whole number, cash in lieu of the related fractional share in an amount equal to the product of (x) the Daily VWAP on such Conversion Date (or if such Conversion Date is not a Trading Day, the immediately preceding Trading Day) and (y) the fractional portion of such Conversion Rate;\n(2) if Cash Settlement applies to such conversion, cash in an amount equal to the sum of the Daily Conversion Values for each of the 50 consecutive Trading Days in the Observation Period for such conversion; or\n(3) if Combination Settlement applies to such conversion, a settlement amount equal to (I) the sum of the Daily Settlement Amounts for each of the 50 consecutive Trading Days in the Observation Period for such conversion (which, for the avoidance of doubt, shall consist of a number of whole shares of Common Stock equal to the sum of the Daily Share Amounts for each of the Trading Days in such Observation Period (which, if such sum is not a whole number, shall be rounded down to the nearest whole number) and cash in an amount equal to the sum of the Daily Cash Amounts for each of the Trading Days in such Observation Period); and (II) if the sum of the Daily Share Amounts for each of the Trading Days in such Observation Period is not a whole number, cash in lieu of the related fractional share in an amount equal to the product of (x) the Daily VWAP on the last Trading Day of such Observation Period and (y) the fractional portion of such sum. With respect to any conversion of Notes to which Cash Settlement or Combination Settlement applies, the Company shall determine the Conversion Consideration due thereupon promptly following the last day of the applicable Observation Period and shall promptly thereafter notify the Trustee and the Conversion Agent (if other than the Trustee) in writing of the same and the calculation thereof in reasonable detail. Neither the Trustee nor the Conversion Agent (if other than the Trustee) shall have any responsibility for any such determination.", "snippet_links": [{"key": "amount-of-consideration", "type": "clause", "offset": [13, 36]}, {"key": "in-respect-of", "type": "definition", "offset": [74, 87]}, {"key": "principal-amount", "type": "clause", "offset": [100, 116]}, {"key": "note-to", "type": "definition", "offset": [122, 129]}, {"key": "physical-settlement", "type": "definition", "offset": [171, 190]}, {"key": "applies-to", "type": "clause", "offset": [191, 201]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [231, 263]}, {"key": "equal-to", "type": "definition", "offset": [264, 272]}, {"key": "conversion-rate", "type": "definition", "offset": [277, 292]}, {"key": "effect-on-the", "type": "clause", "offset": [296, 309]}, {"key": "conversion-date", "type": "clause", "offset": [310, 325]}, {"key": "in-lieu-of", "type": "clause", "offset": [490, 500]}, {"key": "fractional-share", "type": "definition", "offset": [513, 529]}, {"key": "the-product", "type": "definition", "offset": [552, 563]}, {"key": "daily-vwap", "type": "definition", "offset": [575, 585]}, {"key": "cash-settlement", "type": "definition", "offset": [762, 777]}, {"key": "sum-of", "type": "clause", "offset": [837, 843]}, {"key": "days-in", "type": "definition", "offset": [911, 918]}, {"key": "combination-settlement", "type": "clause", "offset": [973, 995]}, {"key": "a-settlement", "type": "clause", "offset": [1024, 1036]}, {"key": "daily-settlement-amounts", "type": "clause", "offset": [1072, 1096]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1195, 1221]}, {"key": "consist-of", "type": "clause", "offset": [1229, 1239]}, {"key": "a-number", "type": "definition", "offset": [1240, 1248]}, {"key": "whole-shares", "type": "clause", "offset": [1252, 1264]}, {"key": "daily-share-amounts", "type": "definition", "offset": [1305, 1324]}, {"key": "daily-cash-amounts", "type": "definition", "offset": [1521, 1539]}, {"key": "day-of", "type": "clause", "offset": [1845, 1851]}, {"key": "with-respect-to", "type": "clause", "offset": [1920, 1935]}, {"key": "conversion-of-notes", "type": "clause", "offset": [1940, 1959]}, {"key": "the-company-shall", "type": "clause", "offset": [2020, 2037]}, {"key": "determine-the", "type": "clause", "offset": [2038, 2051]}, {"key": "following-the", "type": "definition", "offset": [2100, 2113]}, {"key": "last-day", "type": "clause", "offset": [2114, 2122]}, {"key": "applicable-observation-period", "type": "definition", "offset": [2130, 2159]}, {"key": "the-trustee", "type": "clause", "offset": [2197, 2208]}, {"key": "conversion-agent", "type": "definition", "offset": [2217, 2233]}, {"key": "in-writing", "type": "clause", "offset": [2262, 2272]}, {"key": "responsibility-for", "type": "clause", "offset": [2423, 2441]}, {"key": "such-determination", "type": "definition", "offset": [2446, 2464]}], "hash": "58abc246ffaed41966d2bc46e34a1b2d", "id": 2}, {"samples": [{"hash": "k8gdGYvN8uc", "uri": "/contracts/k8gdGYvN8uc#conversion-consideration", "label": "Note Purchase Agreement (Xtant Medical Holdings, Inc.)", "score": 27.0527038574, "published": true}, {"hash": "k6tjQVg2y5R", "uri": "/contracts/k6tjQVg2y5R#conversion-consideration", "label": "Note Purchase Agreement (Xtant Medical Holdings, Inc.)", "score": 27.0527038574, "published": true}, {"hash": "7lH6rrFNRez", "uri": "/contracts/7lH6rrFNRez#conversion-consideration", "label": "Note Purchase Agreement (Xtant Medical Holdings, Inc.)", "score": 27.0527038574, "published": true}], "size": 6, "snippet": "Subject to the terms hereof, upon conversion of this Note, the consideration (the \u201cConversion Consideration\u201d) due in respect of each $1,000 principal amount of this Note to be converted will consist of (I) a whole number of shares of Common Stock equal to the Conversion Rate in effect on the Conversion Date for such conversion (which, if not a whole number, will be rounded down to the nearest whole number); (II) in the case of a principal amount or portion of a principal amount that is not a multiple of $1,000, an equivalent pro rata number of shares and (III) if such Conversion Rate is not a whole number, cash in lieu of the related fractional share in an amount equal to the product of (x) the Last Reported Sale Price per share of Common Stock on such Conversion Date (or, if such Conversion Date is not a Trading Day, the immediately preceding Trading Day) and (y) the fractional portion of such Conversion Rate.", "snippet_links": [{"key": "subject-to-the-terms", "type": "clause", "offset": [0, 20]}, {"key": "conversion-of-this-note", "type": "clause", "offset": [34, 57]}, {"key": "the-consideration", "type": "clause", "offset": [59, 76]}, {"key": "in-respect-of", "type": "definition", "offset": [114, 127]}, {"key": "principal-amount", "type": "clause", "offset": [140, 156]}, {"key": "note-to", "type": "definition", "offset": [165, 172]}, {"key": "consist-of", "type": "clause", "offset": [191, 201]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [214, 246]}, {"key": "equal-to", "type": "definition", "offset": [247, 255]}, {"key": "conversion-rate", "type": "definition", "offset": [260, 275]}, {"key": "effect-on-the", "type": "clause", "offset": [279, 292]}, {"key": "conversion-date", "type": "clause", "offset": [293, 308]}, {"key": "in-the-case", "type": "clause", "offset": [416, 427]}, {"key": "a-multiple", "type": "clause", "offset": [495, 505]}, {"key": "pro-rata-number", "type": "definition", "offset": [531, 546]}, {"key": "in-lieu-of", "type": "clause", "offset": [619, 629]}, {"key": "fractional-share", "type": "definition", "offset": [642, 658]}, {"key": "the-product", "type": "definition", "offset": [681, 692]}, {"key": "price-per-share", "type": "definition", "offset": [723, 738]}, {"key": "stock-on", "type": "definition", "offset": [749, 757]}, {"key": "trading-day", "type": "clause", "offset": [817, 828]}], "hash": "013dd8e3e73db8b6434c4704126422bc", "id": 3}, {"samples": [{"hash": "ltaoEcjpv4y", "uri": "/contracts/ltaoEcjpv4y#conversion-consideration", "label": "Indenture (FiberTower CORP)", "score": 21.0, "published": true}, {"hash": "jbmSHKQW0Dg", "uri": "/contracts/jbmSHKQW0Dg#conversion-consideration", "label": "Indenture (FiberTower CORP)", "score": 21.0, "published": true}, {"hash": "5D8zJilKFOO", "uri": "/contracts/5D8zJilKFOO#conversion-consideration", "label": "Indenture (FiberTower CORP)", "score": 21.0, "published": true}], "size": 5, "snippet": "(a) Upon surrendering any Notes for conversion, the Holder of such Notes shall receive, in respect of each $1,000 principal amount of Notes: shares of Common Stock at an initial conversion rate of 160.772 shares per $1,000 principal amount of Notes (the \u201cConversion Rate\u201d), which is based upon an initial Conversion Price of approximately $6.22 per share. The Conversion Rate (and Conversion Price) are subject to adjustment as described below.\n(b) If a Holder receives shares of Common Stock upon conversion of Notes, such Holder will also receive the associated rights under any stockholder rights plan that the Company may adopt, whether or not the rights have separated from the Common Stock at the time of conversion unless, prior to conversion, the rights have expired, terminated or been exchanged.", "snippet_links": [{"key": "the-holder", "type": "clause", "offset": [48, 58]}, {"key": "in-respect-of", "type": "definition", "offset": [88, 101]}, {"key": "amount-of-notes", "type": "clause", "offset": [124, 139]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [141, 163]}, {"key": "rate-of", "type": "clause", "offset": [189, 196]}, {"key": "initial-conversion-price", "type": "definition", "offset": [297, 321]}, {"key": "the-conversion", "type": "clause", "offset": [356, 370]}, {"key": "and-conversion", "type": "clause", "offset": [377, 391]}, {"key": "subject-to", "type": "clause", "offset": [403, 413]}, {"key": "a-holder", "type": "definition", "offset": [452, 460]}, {"key": "conversion-of-notes", "type": "clause", "offset": [498, 517]}, {"key": "associated-rights", "type": "clause", "offset": [553, 570]}, {"key": "stockholder-rights-plan", "type": "clause", "offset": [581, 604]}, {"key": "the-company", "type": "definition", "offset": [610, 621]}, {"key": "the-rights", "type": "clause", "offset": [648, 658]}, {"key": "separated-from", "type": "definition", "offset": [664, 678]}, {"key": "the-common-stock", "type": "clause", "offset": [679, 695]}, {"key": "at-the-time", "type": "clause", "offset": [696, 707]}, {"key": "prior-to-conversion", "type": "clause", "offset": [730, 749]}], "hash": "92955a2ba9b5d2cc4421a14779a5145d", "id": 4}, {"samples": [{"hash": "b5JtxwejPW1", "uri": "/contracts/b5JtxwejPW1#conversion-consideration", "label": "First Supplemental Indenture (Xeris Biopharma Holdings, Inc.)", "score": 32.7590675354, "published": true}, {"hash": "o7Ck1NYwY6", "uri": "/contracts/o7Ck1NYwY6#conversion-consideration", "label": "Indenture", "score": 31.547077179, "published": true}, {"hash": "3nIo8rTH7HC", "uri": "/contracts/3nIo8rTH7HC#conversion-consideration", "label": "First Supplemental Indenture (Xeris Pharmaceuticals Inc)", "score": 31.496919632, "published": true}], "size": 5, "snippet": "(i) Generally. Subject to Section 5.03(A)(ii) and Section 5.03(A)(iii), the type and amount of consideration (the \u201cConversion Consideration\u201d) due in respect of each $1,000 principal amount of a Note to be converted will be a number of shares of Common Stock equal to the Conversion Rate in effect on the Conversion Date for such conversion.", "snippet_links": [{"key": "subject-to-section", "type": "clause", "offset": [15, 33]}, {"key": "amount-of-consideration", "type": "clause", "offset": [85, 108]}, {"key": "in-respect-of", "type": "definition", "offset": [146, 159]}, {"key": "principal-amount", "type": "clause", "offset": [172, 188]}, {"key": "note-to", "type": "definition", "offset": [194, 201]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [225, 257]}, {"key": "equal-to", "type": "definition", "offset": [258, 266]}, {"key": "conversion-rate", "type": "definition", "offset": [271, 286]}, {"key": "effect-on-the", "type": "clause", "offset": [290, 303]}, {"key": "conversion-date", "type": "clause", "offset": [304, 319]}], "hash": "9ad06b4f746781f6a576e688b146223d", "id": 5}, {"samples": [{"hash": "d6OpGEsFhNo", "uri": "/contracts/d6OpGEsFhNo#conversion-consideration", "label": "Indenture (Ciena Corp)", "score": 21.0, "published": true}, {"hash": "8cXW4XR9Kzj", "uri": "/contracts/8cXW4XR9Kzj#conversion-consideration", "label": "Indenture (Ciena Corp)", "score": 21.0, "published": true}], "size": 5, "snippet": "(a) Upon surrendering any Notes for conversion, the Holder of such Notes shall receive, in respect of each $1,000 principal amount of Notes, a number of shares of Common Stock equal to the Applicable Conversion Rate.\n(b) When a Holder receives Common Stock upon conversion of Notes, such Holder will also receive the associated rights under the Company\u2019s stockholder rights plan adopted in 1997 related to its Series A Junior Participating Preferred Stock Purchase Rights and any stockholder rights plan that the Company may subsequently adopt, whether or not the rights have separated from the Common Stock at the time of conversion unless, prior to conversion, the rights have expired, terminated or been exchanged.", "snippet_links": [{"key": "the-holder", "type": "clause", "offset": [48, 58]}, {"key": "in-respect-of", "type": "definition", "offset": [88, 101]}, {"key": "amount-of-notes", "type": "clause", "offset": [124, 139]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [143, 175]}, {"key": "equal-to", "type": "definition", "offset": [176, 184]}, {"key": "applicable-conversion-rate", "type": "definition", "offset": [189, 215]}, {"key": "a-holder", "type": "definition", "offset": [226, 234]}, {"key": "conversion-of-notes", "type": "clause", "offset": [262, 281]}, {"key": "associated-rights", "type": "clause", "offset": [317, 334]}, {"key": "the-company", "type": "definition", "offset": [341, 352]}, {"key": "plan-adopted", "type": "clause", "offset": [374, 386]}, {"key": "related-to", "type": "clause", "offset": [395, 405]}, {"key": "preferred-stock-purchase-rights", "type": "definition", "offset": [440, 471]}, {"key": "the-rights", "type": "clause", "offset": [560, 570]}, {"key": "separated-from", "type": "definition", "offset": [576, 590]}, {"key": "the-common-stock", "type": "clause", "offset": [591, 607]}, {"key": "at-the-time", "type": "clause", "offset": [608, 619]}, {"key": "prior-to-conversion", "type": "clause", "offset": [642, 661]}], "hash": "79c73deafd9aaded747dbece16a301af", "id": 6}, {"samples": [{"hash": "3iwHXsK0jus", "uri": "/contracts/3iwHXsK0jus#conversion-consideration", "label": "Indenture (Osi Systems Inc)", "score": 36.8850097656, "published": true}, {"hash": "7Ny6Fg8ELgo", "uri": "/contracts/7Ny6Fg8ELgo#conversion-consideration", "label": "Indenture (Avnet Inc)", "score": 36.6769332886, "published": true}], "size": 3, "snippet": "(i) Generally. Subject to Sections 5.03(B)(ii), 5.03(B)(iii) and 5.09(A)(2), the type and amount of consideration (the \u201cConversion Consideration\u201d) due in respect of each $1,000 principal amount of a Note to be Converted will be as follows:\n(1) if Cash Settlement applies to such Conversion, cash in an amount equal to the sum of the Daily Conversion Values for each VWAP Trading Day in the Observation Period for such Conversion; or\n(2) if Combination Settlement applies to such Conversion, consideration consisting of (a) a number of shares of Common Stock equal to the sum of the Daily Share Amounts for each VWAP Trading Day in the Observation Period for such Conversion; and (b) an amount of cash equal to the sum of the Daily Cash Amounts for each VWAP Trading Day in such Observation Period.", "snippet_links": [{"key": "subject-to-sections", "type": "clause", "offset": [15, 34]}, {"key": "amount-of-consideration", "type": "clause", "offset": [90, 113]}, {"key": "in-respect-of", "type": "definition", "offset": [151, 164]}, {"key": "principal-amount", "type": "clause", "offset": [177, 193]}, {"key": "note-to", "type": "definition", "offset": [199, 206]}, {"key": "cash-settlement", "type": "definition", "offset": [247, 262]}, {"key": "applies-to", "type": "clause", "offset": [263, 273]}, {"key": "equal-to", "type": "definition", "offset": [309, 317]}, {"key": "sum-of", "type": "clause", "offset": [322, 328]}, {"key": "the-daily", "type": "clause", "offset": [329, 338]}, {"key": "vwap-trading-day", "type": "definition", "offset": [366, 382]}, {"key": "observation-period", "type": "clause", "offset": [390, 408]}, {"key": "combination-settlement", "type": "clause", "offset": [440, 462]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [525, 557]}, {"key": "daily-share-amounts", "type": "definition", "offset": [582, 601]}, {"key": "daily-cash-amounts", "type": "definition", "offset": [725, 743]}], "hash": "88db65fba1802241d676679be2fdb4ab", "id": 7}, {"samples": [{"hash": "lAwVcWQwhf4", "uri": "/contracts/lAwVcWQwhf4#conversion-consideration", "label": "Indenture (Biora Therapeutics, Inc.)", "score": 35.6365509033, "published": true}, {"hash": "hls0JZueWZh", "uri": "/contracts/hls0JZueWZh#conversion-consideration", "label": "Indenture (Biora Therapeutics, Inc.)", "score": 34.9603004456, "published": true}], "size": 2, "snippet": "(i) Generally. Subject to Section 5.03(A)(ii) and Section 5.03(A)(iv), the type and amount of consideration (the \u201cConversion Consideration\u201d) due in respect of each $1,000 Capitalized Principal Amount of a Note to be converted will be:\n(1) a number of shares of Common Stock equal to the Conversion Rate for such conversion; plus\n(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);", "snippet_links": [{"key": "subject-to-section", "type": "clause", "offset": [15, 33]}, {"key": "amount-of-consideration", "type": "clause", "offset": [84, 107]}, {"key": "in-respect-of", "type": "definition", "offset": [145, 158]}, {"key": "capitalized-principal-amount", "type": "definition", "offset": [171, 199]}, {"key": "note-to", "type": "definition", "offset": [205, 212]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [241, 273]}, {"key": "equal-to", "type": "definition", "offset": [274, 282]}, {"key": "conversion-rate", "type": "definition", "offset": [287, 302]}, {"key": "applicable-premium", "type": "clause", "offset": [337, 355]}, {"key": "if-applicable", "type": "definition", "offset": [360, 373]}, {"key": "the-strategic", "type": "clause", "offset": [375, 388]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [406, 432]}, {"key": "to-receive", "type": "definition", "offset": [464, 474]}, {"key": "with-respect-to", "type": "clause", "offset": [528, 543]}], "hash": "74ee81d549b3a4d425937a18394468a8", "id": 8}, {"samples": [{"hash": "fTdFstKFBGY", "uri": "/contracts/fTdFstKFBGY#conversion-consideration", "label": "Indenture (American Realty Capital Properties, Inc.)", "score": 24.8439426422, "published": true}, {"hash": "57rf03AKD3K", "uri": "/contracts/57rf03AKD3K#conversion-consideration", "label": "Indenture (CapLease, Inc.)", "score": 21.0, "published": true}], "size": 2, "snippet": "(a) Subject to the qualifications and the satisfaction of the conditions and during the periods described in Sections 10.01(a) and 10.01(i), Holders shall be entitled to convert their Securities in denominations of $1,000 principal amount or integral multiples thereof initially at a conversion rate of 88.3704 shares of Common Stock per $1,000 principal amount of Securities, which will be subject to adjustments as described in Section 10.06 through Section 10.11, but will not be adjusted for accrued interest (the \u201cConversion Rate\u201d). The \u201cConversion Price\u201d at any given time is equal to the principal amount of a Security divided by the Conversion Rate and initially shall be $11.32 per share.", "snippet_links": [{"key": "subject-to-the", "type": "clause", "offset": [4, 18]}, {"key": "satisfaction-of-the-conditions", "type": "clause", "offset": [42, 72]}, {"key": "to-convert", "type": "clause", "offset": [167, 177]}, {"key": "integral-multiples", "type": "definition", "offset": [242, 260]}, {"key": "rate-of", "type": "clause", "offset": [295, 302]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [311, 333]}, {"key": "amount-of-securities", "type": "clause", "offset": [355, 375]}, {"key": "subject-to-adjustments", "type": "clause", "offset": [391, 413]}, {"key": "section-1011", "type": "clause", "offset": [452, 465]}, {"key": "accrued-interest", "type": "clause", "offset": [496, 512]}, {"key": "conversion-price", "type": "clause", "offset": [543, 559]}, {"key": "equal-to", "type": "definition", "offset": [582, 590]}, {"key": "the-principal-amount", "type": "definition", "offset": [591, 611]}, {"key": "divided-by", "type": "clause", "offset": [626, 636]}, {"key": "the-conversion", "type": "clause", "offset": [637, 651]}], "hash": "7df97da3bf3d23fa9faceb8dcd240339", "id": 9}, {"samples": [{"hash": "870NDXFhLH7", "uri": "/contracts/870NDXFhLH7#conversion-consideration", "label": "Indenture (Ciena Corp)", "score": 28.5838470459, "published": true}, {"hash": "3sJIp9QftMI", "uri": "/contracts/3sJIp9QftMI#conversion-consideration", "label": "Indenture (Ciena Corp)", "score": 28.5318279266, "published": true}], "size": 2, "snippet": "(a) Subject to this Section 6.02 and Section 6.08, upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each $1,000 principal amount of Notes being converted, cash (\u201cCash Settlement\u201d), shares of Common Stock, together with cash, if applicable, in lieu of delivering any fractional share of Common Stock in accordance with Section 6.04 (\u201cPhysical Settlement\u201d) or a combination of cash and shares of Common Stock, together with cash, if applicable, in lieu of delivering any fractional share of Common Stock in accordance with Section 6.04 (\u201cCombination Settlement\u201d), at its election, as set forth in this Section 6.02.\n(i) All conversions for which the relevant Conversion Date occurs on or after the Final Period Start Date shall be settled using the same Settlement Method.\n(ii) Except for any conversions for which the relevant Conversion Date occurs on or after the Final Period Start Date, the Company shall use the same Settlement Method for all conversions with the same Conversion Date, but the Company shall not have any obligation to use the same Settlement Method with respect to conversions with different Conversion Dates.\n(iii) If, in respect of any Conversion Date (or the period described in the third immediately succeeding set of parentheses, as the case may be), the Company elects to deliver a notice (the \u201cSettlement Notice\u201d) of the relevant Settlement Method in respect of such Conversion Date (or such period, as the case may be), the Company, through the Trustee, shall deliver such Settlement Notice to converting Holders no later than the close of business on the Trading Day immediately following the relevant Conversion Date (or, in the case of any conversions for which the relevant Conversion Date occurs on or after the Final Period Start Date, no later than the Final Period Start Date). If the Company does not elect a Settlement Method prior to the deadline set forth in the immediately preceding sentence, the Company shall no longer have the right to elect Cash Settlement or Physical Settlement and the Company shall be deemed to have elected Combination Settlement in respect of its conversion obligations, and the Specified Dollar Amount per $1,000 principal amount of Notes shall be equal to $1,000 (or, if the relevant Conversion Date occurs on or after the Final Period Start Date, $0). Such Settlement Notice shall specify the relevant Settlement Method and in the case of an election of Combination Settlement, the relevant Settlement Notice shall indicate the Specified Dollar Amount per $1,000 principal amount of Notes. If the Company delivers a Settlement Notice electing Combination Settlement but does not indicate a Specified Dollar Amount per $1,000 principal amount of Notes in such Settlement Notice, the Specified Dollar Amount per $1,000 principal amount of Notes shall be deemed to be $1,000 (or, if the relevant Conversion Date occurs on or after the Final Period Start Date, $0).\n(iv) The cash, shares of Common Stock or combination of cash and shares of Common Stock in respect of any conversion of Notes (the \u201cSettlement Amount\u201d) shall be computed as follows:\n(A) if the Company elects to satisfy its conversion obligation in respect of such conversion by Physical Settlement, the Company shall deliver to the converting Holder in respect of each $1,000 principal amount of Notes being converted a number of shares of Common Stock equal to the Conversion Rate in effect on the Conversion Date;\n(B) if the Company elects to satisfy its conversion obligation in respect of such conversion by Cash Settlement, (x) if the relevant Conversion Date occurs prior to the Final Period Start Date, the Company shall pay to the converting Holder in respect of each $1,000 principal amount of Notes being converted cash in an amount equal to the sum of the Daily Conversion Values for each of the 20 consecutive Trading Days during the related Observation Period or (y) if the relevant Conversion Date occurs on or after the Final Period Start Date, the Company shall pay to the converting Holder in respect of each $1,000 principal amount of Notes being converted cash in an amount equal to (I) $1,000, no later than the Stated Maturity, plus (II) the sum of the Daily Conversion Values, if any, for each of the 20 consecutive Trading Days during the related Observation Period, no later than the third Business Day following the last Trading Day of the related Observation Period; and\n(C) if the Company elects (or is deemed to have elected) to satisfy its conversion obligation in respect of such conversion by Combination Settlement, (x) if the relevant Conversion Date occurs prior to the Final Period Start Date, the Company shall pay or deliver, as the case may be, in respect of each $1,000 principal amount of Notes being converted, a Settlement Amount equal to the sum of the Daily Settlement Amounts for each of the 20 consecutive Trading Days during the related Observation Period or (y) if the relevant Conversion Date occurs on or after the Final Period Start Date, the Company shall pay or deliver, as the case may be, in respect of each $1,000 principal amount of Notes being converted, a Settlement Amount equal to (I) $1,000, no later than the Stated Maturity, plus (II) the sum of the Daily Settlement Amounts, if any, for each of the 20 consecutive Trading Days during the related Observation Period, no later than the third Business Day following the last Trading Day of the related Observation Period.\n(v) The Daily Settlement Amounts (if applicable) and the Daily Conversion Values (if applicable) shall be determined by the Company promptly following the last day of the Observation Period. Promptly after such determination of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of delivering any fractional share of Common Stock, the Company shall notify the Trustee and the Conversion Agent (if other than the Trustee) of the Daily Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of delivering fractional shares of Common Stock. The Trustee and the Conversion Agent (if other than the Trustee) shall have no responsibility for any such determination.\n(b) When a Holder receives any Common Stock upon conversion of Notes, such Holder will also receive any rights under any stockholder rights plan that the Company may adopt, whether or not the rights have separated from the Common Stock at the time of conversion unless, prior to conversion, the rights have expired, terminated or been exchanged.", "snippet_links": [{"key": "subject-to", "type": "clause", "offset": [4, 14]}, {"key": "upon-conversion", "type": "clause", "offset": [51, 66]}, {"key": "the-company-shall", "type": "clause", "offset": [80, 97]}, {"key": "in-respect-of", "type": "definition", "offset": [160, 173]}, {"key": "amount-of-notes", "type": "clause", "offset": [196, 211]}, {"key": "cash-settlement", "type": "definition", "offset": [236, 251]}, {"key": "if-applicable", "type": "definition", "offset": [299, 312]}, {"key": "in-lieu-of", "type": 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"offset": [1587, 1596]}, {"key": "converting-holders", "type": "definition", "offset": [1597, 1615]}, {"key": "close-of-business", "type": "clause", "offset": [1634, 1651]}, {"key": "following-the", "type": "definition", "offset": [1683, 1696]}, {"key": "a-settlement", "type": "clause", "offset": [1919, 1931]}, {"key": "prior-to-the", "type": "clause", "offset": [1939, 1951]}, {"key": "right-to", "type": "clause", "offset": [2047, 2055]}, {"key": "and-the-company", "type": "clause", "offset": [2101, 2116]}, {"key": "conversion-obligations", "type": "definition", "offset": [2190, 2212]}, {"key": "specified-dollar-amount", "type": "definition", "offset": [2222, 2245]}, {"key": "equal-to", "type": "definition", "offset": [2292, 2300]}, {"key": "election-of", "type": "clause", "offset": [2488, 2499]}, {"key": "conversion-of-notes", "type": "clause", "offset": [3114, 3133]}, {"key": "deliver-to", "type": "definition", "offset": [3325, 3335]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [3428, 3460]}, {"key": "conversion-rate", "type": "definition", "offset": [3474, 3489]}, {"key": "effect-on-the", "type": "clause", "offset": [3493, 3506]}, {"key": "pay-to", "type": "definition", "offset": [3736, 3742]}, {"key": "sum-of", "type": "clause", "offset": [3864, 3870]}, {"key": "the-daily", "type": "clause", "offset": [3871, 3880]}, {"key": "trading-days", "type": "definition", "offset": [3930, 3942]}, {"key": "observation-period", "type": "clause", "offset": [3962, 3980]}, {"key": "stated-maturity", "type": "definition", "offset": [4240, 4255]}, {"key": "third-business-day", "type": "clause", "offset": [4416, 4434]}, {"key": "day-of", "type": "clause", "offset": [4462, 4468]}, {"key": "daily-settlement-amounts", "type": "clause", "offset": [4904, 4928]}, {"key": "by-the-company", "type": "clause", "offset": [5659, 5673]}, {"key": "promptly-following", "type": "clause", "offset": [5674, 5692]}, {"key": "last-day", "type": "clause", "offset": 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"CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiFjb252ZXJzaW9uLWNvbnNpZGVyYXRpb24jMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["settlement-upon-conversion", "Settlement Upon Conversion"], ["conversion", "Conversion"], ["conversion-obligation", "Conversion Obligation"], ["conversion-of-notes", "Conversion of Notes"], ["conversions", "Conversions"]], "size": 142, "title": "Conversion Consideration", "children": [["cash-in-lieu-of-fractional-shares", "Cash in Lieu of Fractional Shares"], ["conversion-of-multiple-notes-by-a-single-holder", "Conversion of Multiple Notes by a Single Holder"], ["notice-of-calculation-of-conversion-consideration", "Notice of Calculation of Conversion Consideration"], ["generally", "Generally"], ["conversion-of-multiple-notes-by-a-single-purchaser", "Conversion of Multiple Notes by a Single Purchaser"]], "id": "conversion-consideration", "related": [["stock-consideration", "Stock Consideration", "Stock Consideration"], ["merger-consideration", "Merger Consideration", "Merger Consideration"], ["option-consideration", "OPTION CONSIDERATION", "OPTION CONSIDERATION"], ["equity-consideration", "Equity Consideration", "Equity Consideration"], ["cash-consideration", "Cash Consideration", "Cash Consideration"]], "related_snippets": [], "updated": "2026-04-02T05:40:27+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Conversion Consideration clause defines the terms and conditions under which one form of security or investment, such as a convertible note or preferred shares, is converted into another, typically common shares. This clause specifies the conversion ratio, timing, and any adjustments that may apply, such as anti-dilution protections or conversion triggers like a financing round or maturity date. Its core practical function is to provide clarity and predictability for both parties regarding how and when the conversion will occur, thereby reducing disputes and ensuring fair treatment of investors during the conversion process."}, "json": true, "cursor": ""}}