Conversion Due Dates Clause Samples
The "Conversion Due Dates" clause establishes specific deadlines by which a party must complete the process of converting one form of asset, security, or obligation into another, such as converting convertible notes into equity. Typically, this clause outlines the exact date or event that triggers the conversion and may specify procedures or notice requirements to ensure timely execution. Its core practical function is to provide clear timelines and expectations, thereby preventing disputes or confusion about when conversions must occur and ensuring orderly transitions between financial instruments.
Conversion Due Dates. For each Directory, Publisher will deliver the Directory Content to YPS in accordance with the delivery schedule provided, or to be provided, in the Directory Conversion Schedule. Upon written notice to YPS, Publisher may modify the delivery schedule for any of the Directories, provided that Publisher complies with the minimum lead time requirements set forth in this Agreement.