{"component": "clause", "props": {"groups": [{"samples": [{"hash": "6bHNBLDGVhj", "uri": "/contracts/6bHNBLDGVhj#conversion-fee", "label": "Trust Agreement", "score": 29.8737468719, "published": true}, {"hash": "euze3qD1sQa", "uri": "/contracts/euze3qD1sQa#conversion-fee", "label": "Trust Agreement", "score": 24.7357978821, "published": true}], "size": 5, "snippet": "In respect of the conversion from one unit class to another unit class, insofar as this is requested by the investor, the Management Company shall impose a fee on the net asset value of the original unit class in accordance with Appendix A \"Overview of the Fund\".", "snippet_links": [{"key": "in-respect-of", "type": "definition", "offset": [0, 13]}, {"key": "the-conversion", "type": "clause", "offset": [14, 28]}, {"key": "unit-class", "type": "definition", "offset": [38, 48]}, {"key": "by-the-investor", "type": "clause", "offset": [101, 116]}, {"key": "the-management-company", "type": "definition", "offset": [118, 140]}, {"key": "net-asset-value", "type": "definition", "offset": [167, 182]}, {"key": "the-original", "type": "clause", "offset": [186, 198]}, {"key": "appendix-a", "type": "definition", "offset": [229, 239]}, {"key": "the-fund", "type": "clause", "offset": [253, 261]}], "hash": "11db398b6963a08bd48fc3274d262716", "id": 7}, {"samples": [{"hash": "jTk3RQ1DpmO", "uri": "/contracts/jTk3RQ1DpmO#conversion-fee", "label": "Subservicing Agreement (Nelnet Student Loan Trust 2008-2)", "score": 16.0, "published": true}, {"hash": "hi1YNKtx1Zi", "uri": "/contracts/hi1YNKtx1Zi#conversion-fee", "label": "Subservicing Agreement (Nelnet Student Loan Trust 2008-3)", "score": 16.0, "published": true}, {"hash": "hYJ8DlMqSZK", "uri": "/contracts/hYJ8DlMqSZK#conversion-fee", "label": "Subservicing Agreement (Nelnet Student Loan Trust 2008-1)", "score": 16.0, "published": true}], "size": 9, "snippet": "Five Dollars ($5.00) per account acquired by the Trust or NSLF and added to the Subservicer Servicing System during the period of time the borrower is in school. For periods of time other than when the borrower is in school, the fee will be Ten Dollars ($10.00) per account. There shall be no charge for loans already on the Subservicer's full servicing system. Notwithstanding the foregoing, should any portfolio present an \"Extraordinary Conversion\", requiring additional conversion services materially beyond that customarily provided for a normal acquisition of Education Loans, then the Master Servicer agrees to pay a conversion fee mutually agreed to between the Master Servicer and the Subservicer. For purposes of this Agreement, whether a portfolio presents an Extraordinary Conversion shall be determined after the data analysis and file review, have been conducted of the portfolio by the Subservicer. Factors to consider in determining whether a portfolio presents an Extraordinary Conversion are as follows:", "snippet_links": [{"key": "by-the-trust", "type": "clause", "offset": [42, 54]}, {"key": "the-subservicer", "type": "clause", "offset": [76, 91]}, {"key": "servicing-system", "type": "clause", "offset": [92, 108]}, {"key": "period-of-time", "type": "clause", "offset": [120, 134]}, {"key": "the-borrower", "type": "definition", "offset": [135, 147]}, {"key": "periods-of-time", "type": "clause", "offset": [166, 181]}, {"key": "the-fee", "type": "definition", "offset": [225, 232]}, {"key": "no-charge", "type": "clause", "offset": [290, 299]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [362, 391]}, {"key": "conversion-services", "type": "definition", "offset": [474, 493]}, {"key": "the-master-servicer", "type": "clause", "offset": [588, 607]}, {"key": "to-pay", "type": "clause", "offset": [615, 621]}, {"key": "agreed-to", "type": "clause", "offset": [648, 657]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [707, 737]}, {"key": "data-analysis", "type": "definition", "offset": [826, 839]}, {"key": "file-review", "type": "definition", "offset": [844, 855]}, {"key": "the-portfolio", "type": "definition", "offset": [880, 893]}, {"key": "factors-to-consider", "type": "clause", "offset": [914, 933]}], "hash": "ff1807775bd56dfe12b8d0341b91cd93", "id": 3}, {"samples": [{"hash": "8EUZy0dUIdn", "uri": "/contracts/8EUZy0dUIdn#conversion-fee", "label": "Master Trust Agreement", "score": 28.9841957092, "published": true}, {"hash": "iNrtbBeAl9B", "uri": "/contracts/iNrtbBeAl9B#conversion-fee", "label": "Master Trust Agreement", "score": 27.0406646729, "published": true}, {"hash": "i7QKktmGSOm", "uri": "/contracts/i7QKktmGSOm#conversion-fee", "label": "Master Trust Agreement", "score": 25.21210289, "published": true}], "size": 6, "snippet": "\u8f49\u63db\u624b\u7e8c\u8cbb\uff1a\n19.1.2(a) Fee schedule: A minimum fee is charged per conversion, in the investment currency (USD, GBP, AUD, EUR, HKD, NZD, CAD,ZAR, CNY, JPY): USD20, GBP20, AUD20, EUR20, HKD200, NZD20 ,CAD20, ZAR200,CNY200 or JPY2,000 \u5831\u916c\u6a19\u6e96\uff1a\u4f9d\u6295\u8cc7\u5e63\u5225\uff08\u7f8e\u5143\u3001\u82f1\u938a\u3001\u6fb3\u5e63\u3001\u6b50\u5143\u3001\u6e2f\u5e63\u3001\u7d10\u5e63\u3001\u52a0\u5e63\u3001\u5357\u975e\u5e63\u3001\u4eba\u6c11\u5e63\u3001\u65e5\u5713\uff09\u6bcf\u6b21\u6536\u53d6\u6700\u4f4e\u8cbb\u7528\u4f9d\u5e8f\u5206\u5225\u70ba 20 \u7f8e\u5143\u300120 \u82f1\u938a\u300120 \u6fb3\u5e63\u300120 \u6b50\u5143\u3001200 \u6e2f\u5e63\u300120 \u7d10\u5e63\u300120 \u52a0\u5e63\u3001200 \u5357\u975e\u5e63\u3001200 \u4eba\u6c11\u5e63\u6216 2,000 \u65e5\u5713\u3002", "snippet_links": [{"key": "fee-schedule", "type": "clause", "offset": [17, 29]}, {"key": "minimum-fee", "type": "definition", "offset": [33, 44]}, {"key": "investment-currency", "type": "definition", "offset": [79, 98]}], "hash": "c3751eda3af4344de4a5806bed30ffb5", "id": 5}, {"samples": [{"hash": "lik21CXFaGg", "uri": "/contracts/lik21CXFaGg#conversion-fee", "label": "Client Staffing Agreement", "score": 33.5129013062, "published": true}, {"hash": "7F71ahTYz93", "uri": "/contracts/7F71ahTYz93#conversion-fee", "label": "Client Staffing Agreement", "score": 33.5129013062, "published": true}, {"hash": "7MtOscUBQrr", "uri": "/contracts/7MtOscUBQrr#conversion-fee", "label": "Client Staffing Agreement", "score": 33.3079032898, "published": true}], "size": 6, "snippet": "If RO HEALTH is the first staffing provider to submit an individual employee\u2019s profile (either verbal or written) to CLIENT for consideration, or to introduce an individual employee to CLIENT at any time and in any capacity, CLIENT will accept such individual employee for employment only through RO HEALTH. CLIENT further agrees that it will take no steps, directly or indirectly, to recruit, solicit, hire or employ as its own employee, agent, contractor or otherwise any personnel introduced, submitted or provided to CLIENT by RO HEALTH. CLIENT further acknowledges that RO HEALTH incurs substantial costs associated with recruiting, training, and managing RO HEALTH personnel. In the event CLIENT or any agent, affiliate or subsidiary of CLIENT, directly or indirectly or through another agency, recruits, solicits, hires or employs RO HEALTH personnel in any capacity, CLIENT agrees, in advance of hiring such RO HEALTH personnel, to either (1) provide written notice of intent to hire or employ RO HEALTH personnel twelve (12) months prior to the RO HEALTH employee\u2019s commencement as a CLIENT employee, agent, contractor or otherwise; (2) provide written notice to RO HEALTH of its intent to hire RO HEALTH employee and continue to employ RO HEALTH employee solely and exclusively in such individual\u2019s capacity as a RO HEALTH employee through RO HEALTH for a period not less than one thousand and forty (1,040) hours from the notice date; or (3) pay RO HEALTH a placement fee equal to the sum of twenty-five percent (25%) of such personnel\u2019s annualized salary (calculated as hourly pay rate multiplied by two thousand and eighty (2,080) hours multiplied by twenty-five percent (25%)).", "snippet_links": [{"key": "to-submit", "type": "definition", "offset": [44, 53]}, {"key": "individual-employee", "type": "clause", "offset": [57, 76]}, {"key": "to-client", "type": "clause", "offset": [114, 123]}, {"key": "at-any-time", "type": "clause", "offset": [192, 203]}, {"key": "any-capacity", "type": "definition", "offset": [211, 223]}, {"key": "client-will", "type": "clause", "offset": [225, 236]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [358, 380]}, {"key": "associated-with", "type": "definition", "offset": [610, 625]}, {"key": "health-personnel", "type": "definition", "offset": [664, 680]}, {"key": "in-the-event", "type": "clause", "offset": [682, 694]}, {"key": "of-client", "type": "clause", "offset": [740, 749]}, {"key": "client-agrees", "type": "clause", "offset": [875, 888]}, {"key": "in-advance", "type": "clause", "offset": [890, 900]}, {"key": "notice-of-intent-to", "type": "clause", "offset": [967, 986]}, {"key": "prior-to-the", "type": "clause", "offset": [1041, 1053]}, {"key": "client-employee", "type": "definition", "offset": [1093, 1108]}, {"key": "notice-to", "type": "definition", "offset": [1162, 1171]}, {"key": "continue-to-employ", "type": "clause", "offset": [1227, 1245]}, {"key": "solely-and-exclusively", "type": "definition", "offset": [1265, 1287]}, {"key": "notice-date", "type": "definition", "offset": [1433, 1444]}, {"key": "placement-fee", "type": "definition", "offset": [1469, 1482]}, {"key": "equal-to", "type": "definition", "offset": [1483, 1491]}, {"key": "sum-of", "type": "clause", "offset": [1496, 1502]}, {"key": "five-percent", "type": "clause", "offset": [1510, 1522]}, {"key": "hourly-pay-rate", "type": "clause", "offset": [1582, 1597]}, {"key": "two-thousand", "type": "clause", "offset": [1612, 1624]}], "hash": "d1234c584dfa323257cb1c2573482423", "id": 6}, {"samples": [{"hash": "1GNideCQFNc", "uri": "/contracts/1GNideCQFNc#conversion-fee", "label": "General Agreement for Account Opening", "score": 35.0896110535, "published": true}, {"hash": "ezN8G6lc46W", "uri": "/contracts/ezN8G6lc46W#conversion-fee", "label": "General Agreement for Account Opening", "score": 28.1252574921, "published": true}, {"hash": "1ET9S2dQcfE", "uri": "/contracts/1ET9S2dQcfE#conversion-fee", "label": "General Agreement for Account Opening", "score": 28.0978775024, "published": true}], "size": 11, "snippet": "The Agent and the fund managing company/relevant issuing institution each charges a certain amount of conversion handling charge for each conversion completed. Please visit the Agent's website for details. In the event of change, the amount posted on the Agent's website shall prevail.", "snippet_links": [{"key": "the-fund", "type": "clause", "offset": [14, 22]}, {"key": "managing-company", "type": "definition", "offset": [23, 39]}, {"key": "issuing-institution", "type": "definition", "offset": [49, 68]}, {"key": "certain-amount", "type": "definition", "offset": [84, 98]}, {"key": "handling-charge", "type": "definition", "offset": [113, 128]}, {"key": "event-of-change", "type": "definition", "offset": [213, 228]}], "hash": "d0ed481091003043157becbbb17e02f5", "id": 2}, {"samples": [{"hash": "drVpN1u2Asa", "uri": "/contracts/drVpN1u2Asa#conversion-fee", "label": "Conversion Agreement (Allied Healthcare International Inc)", "score": 16.0, "published": true}, {"hash": "65AyOUwwHKm", "uri": "/contracts/65AyOUwwHKm#conversion-fee", "label": "Conversion Agreement (Allied Healthcare International Inc)", "score": 16.0, "published": true}], "size": 4, "snippet": "The Company shall pay to the Holder within five (5) business days following the closing of the Offering, a conversion fee equal to $22,816 (the \"CONVERSION FEE\"). Notwithstanding the foregoing, if at anytime within the six (6) month period following the closing of the Offering, the Company's Common Stock trades above $11.32 for ten (10) out of any period of thirty (30) consecutive trading days during such six (6) month period (the tenth such day being the \"THRESHOLD DATE\"), then the Holder shall pay to the Company an amount equal to the pro rata portion of the Conversion Fee attributable to such six (6) month period occurring after the Threshold Date. By way of illustration, if the Offering closes on June 1, 2004 and the Threshold Date occurs on October 1, 2004, then the Holder shall pay to the Company an amount equal to 33.33% of the Conversion Fee or $7,605. The Holder shall pay such amount to the Company within five (5) business days after the end of the six (6) month period following closing of the Offering.", "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "pay-to", "type": "definition", "offset": [18, 24]}, {"key": "the-holder", "type": "clause", "offset": [25, 35]}, {"key": "business-days", "type": "definition", "offset": [52, 65]}, {"key": "closing-of-the-offering", "type": "definition", "offset": [80, 103]}, {"key": "equal-to", "type": "definition", "offset": [122, 130]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [163, 192]}, {"key": "common-stock", "type": "definition", "offset": [293, 305]}, {"key": "period-of", "type": "definition", "offset": [350, 359]}, {"key": "trading-days", "type": "clause", "offset": [384, 396]}, {"key": "threshold-date", "type": "definition", "offset": [461, 475]}, {"key": "to-the-company", "type": "definition", "offset": [505, 519]}, {"key": "pro-rata-portion", "type": "clause", "offset": [543, 559]}, {"key": "the-conversion", "type": "clause", "offset": [563, 577]}, {"key": "by-way-of-illustration", "type": "clause", "offset": [660, 682]}, {"key": "october-1", "type": "definition", "offset": [756, 765]}, {"key": "days-after", "type": "definition", "offset": [946, 956]}, {"key": "following-closing", "type": "clause", "offset": [993, 1010]}], "hash": "d65079dab63c8ec7fd22e9f53ef626b6", "id": 8}, {"samples": [{"hash": "jHY0u43e2cK", "uri": "/contracts/jHY0u43e2cK#conversion-fee", "label": "Education Master Services Agreement", "score": 35.3374729386, "published": true}, {"hash": "bh2h3iVOccY", "uri": "/contracts/bh2h3iVOccY#conversion-fee", "label": "Education Master Services Agreement", "score": 34.4885253906, "published": true}, {"hash": "fv95WKUcCf", "uri": "/contracts/fv95WKUcCf#conversion-fee", "label": "Education Master Services Agreement", "score": 34.4041099548, "published": true}], "size": 7, "snippet": "To the extent allowed by applicable law, with advanced written notice of thirty (30) business days, Customer may hire or contract with any Amergis Personnel provided by Amergis once each Personnel has completed a minimum number of hours of work for Customer through Amergis, according to the Conversion Table below:", "snippet_links": [{"key": "to-the-extent-allowed", "type": "clause", "offset": [0, 21]}, {"key": "applicable-law", "type": "clause", "offset": [25, 39]}, {"key": "notice-of", "type": "clause", "offset": [63, 72]}, {"key": "business-days", "type": "definition", "offset": [85, 98]}, {"key": "customer-may", "type": "clause", "offset": [100, 112]}, {"key": "for-customer", "type": "definition", "offset": [245, 257]}, {"key": "according-to", "type": "definition", "offset": [275, 287]}, {"key": "conversion-table", "type": "clause", "offset": [292, 308]}], "hash": "a96cd9f0e994177a0d442ccbc9169b4b", "id": 4}, {"samples": [{"hash": "dyUJNmRKaVs", "uri": "/contracts/dyUJNmRKaVs#conversion-fee", "label": "Credit Agreement (Apartment Investment & Management Co)", "score": 18.0, "published": true}, {"hash": "bjDH81wrgvi", "uri": "/contracts/bjDH81wrgvi#conversion-fee", "label": "Credit Agreement (Apartment Investment & Management Co)", "score": 18.0, "published": true}], "size": 4, "snippet": "On the Conversion Date, Borrower shall pay to the Agent for the account of each Lender then a party to this Agreement ratably a conversion fee equal to 0.50% of the original balance of the Term Loan as of the Conversion Date.", "snippet_links": [{"key": "conversion-date", "type": "definition", "offset": [7, 22]}, {"key": "borrower-shall", "type": "clause", "offset": [24, 38]}, {"key": "pay-to", "type": "definition", "offset": [39, 45]}, {"key": "the-agent", "type": "clause", "offset": [46, 55]}, {"key": "the-account", "type": "clause", "offset": [60, 71]}, {"key": "each-lender", "type": "clause", "offset": [75, 86]}, {"key": "party-to-this-agreement", "type": "definition", "offset": [94, 117]}, {"key": "equal-to", "type": "definition", "offset": [143, 151]}, {"key": "the-term-loan", "type": "clause", "offset": [185, 198]}], "hash": "8a65b8c1fdf74e70df3823a6c17e1170", "id": 9}, {"samples": [{"hash": "xORAWo63FQ", "uri": "/contracts/xORAWo63FQ#conversion-fee", "label": "Master Servicing Agreement (Nelnet Student Loan Trust 2005-4)", "score": 16.0, "published": true}, {"hash": "iZODBqGCwGC", "uri": "/contracts/iZODBqGCwGC#conversion-fee", "label": "Master Servicing Agreement (Nelnet Student Loan Trust 2005-2)", "score": 16.0, "published": true}, {"hash": "iHM4i8d0egT", "uri": "/contracts/iHM4i8d0egT#conversion-fee", "label": "Master Servicing Agreement (Nelnet Student Loan Trust 2008-3)", "score": 16.0, "published": true}], "size": 19, "snippet": "Five Dollars ($5.00) per account acquired by the Trust and added to the Subservicer Servicing System during the period of time the borrower is in school. For periods of time other than when the borrower is in school, the fee will be Ten Dollars ($10.00) per account. There shall be no charge for loans already on the Master Servicer's full servicing system. Notwithstanding the foregoing, should any portfolio present an \"Extraordinary Conversion\", requiring additional conversion services materially beyond that customarily provided for a normal acquisition of Education Loans, then the Trust agrees to pay a conversion fee mutually agreed to between the Trust and the Master Servicer. For purposes of this Agreement, whether a portfolio presents an Extraordinary Conversion shall be determined after the data analysis and file review, have been conducted of the portfolio by the Master Servicer. Factors to consider in determining whether a portfolio presents an Extraordinary Conversion are as follows:", "snippet_links": [{"key": "by-the-trust", "type": "clause", "offset": [42, 54]}, {"key": "the-subservicer", "type": "clause", "offset": [68, 83]}, {"key": "servicing-system", "type": "clause", "offset": [84, 100]}, {"key": "period-of-time", "type": "clause", "offset": [112, 126]}, {"key": "the-borrower", "type": "definition", "offset": [127, 139]}, {"key": "periods-of-time", "type": "clause", "offset": [158, 173]}, {"key": "the-fee", "type": "definition", "offset": [217, 224]}, {"key": "no-charge", "type": "clause", "offset": [282, 291]}, {"key": "the-master-servicer", "type": "clause", "offset": [313, 332]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [358, 387]}, {"key": "conversion-services", "type": "definition", "offset": [470, 489]}, {"key": "to-pay", "type": "clause", "offset": [601, 607]}, {"key": "agreed-to", "type": "clause", "offset": [634, 643]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [687, 717]}, {"key": "data-analysis", "type": "definition", "offset": [806, 819]}, {"key": "file-review", "type": "definition", "offset": [824, 835]}, {"key": "the-portfolio", "type": "definition", "offset": [860, 873]}, {"key": "factors-to-consider", "type": "clause", "offset": [898, 917]}], "hash": "b035258a5bb77e5bc4259c6ed3ba1fd5", "id": 1}, {"samples": [{"hash": "glxsKeiIT2b", "uri": "/contracts/glxsKeiIT2b#conversion-fee", "label": "Purchasing Agreement", "score": 26.6290206909, "published": true}, {"hash": "3ESWSK4zSfv", "uri": "/contracts/3ESWSK4zSfv#conversion-fee", "label": "Purchasing Agreement", "score": 25.9021224976, "published": true}, {"hash": "keJlXcY89WH", "uri": "/contracts/keJlXcY89WH#conversion-fee", "label": "Purchasing Agreement", "score": 25.8624229431, "published": true}], "size": 3, "snippet": "As set forth below, UC agrees to pay a conversion fee upon the conversion of a contingent labor employee to UC\u2019s employment. The conversion fee is based on the annualized salary (2,096 hours) of the converted employee. Multiply the contingent employee\u2019s pay rate by 2,096 to determine the annualized salary. Should the employee be used in a different capacity/project, the time banked on previous assignment(s) shall apply as the total calendar days as follows:", "snippet_links": [{"key": "to-pay", "type": "clause", "offset": [30, 36]}, {"key": "conversion-of", "type": "clause", "offset": [63, 76]}, {"key": "based-on", "type": "definition", "offset": [147, 155]}, {"key": "pay-rate", "type": "definition", "offset": [254, 262]}, {"key": "determine-the", "type": "clause", "offset": [275, 288]}, {"key": "the-employee", "type": "clause", "offset": [315, 327]}, {"key": "different-capacity", "type": "definition", "offset": [341, 359]}, {"key": "the-total", "type": "clause", "offset": [426, 435]}, {"key": "calendar-days", "type": "definition", "offset": [436, 449]}], "hash": "6cd0a3bd9d951ee106ea6215c76b793a", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihdjb252ZXJzaW9uLWZlZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Conversion Fee", "parents": [["fees", "Fees"], ["no-petition", "NO PETITION"], ["hiring-of-personnel", "Hiring of Personnel"], ["replacement-master-servicer", "REPLACEMENT MASTER SERVICER"], ["miscellaneous", "Miscellaneous"]], "children": [["unprocessed-data", "Unprocessed data"], ["integrity-of-the-documentation", "Integrity of the documentation"], ["", ""], ["minimum-activations", "Minimum \u00a0Activations"], ["changes-to-sales-plan", "Changes to Sales Plan"]], "size": 156, "id": "conversion-fee", "related": [["ads-conversion-fee", "ADS Conversion Fee", "ADS <strong>Conversion Fee</strong>"], ["conversion-privilege-and-conversion-price", "Conversion Privilege and Conversion Price", "Conversion Privilege and Conversion Price"], ["adjustment-of-conversion-price", "Adjustment of Conversion Price", "Adjustment of Conversion Price"], ["mandatory-conversion", "Mandatory Conversion", "Mandatory Conversion"], ["adjustment-to-conversion-price", "Adjustment to Conversion Price", "Adjustment to Conversion Price"]], "related_snippets": [], "updated": "2025-07-12T05:45:48+00:00", "also_ask": ["What are the most negotiable elements of a Conversion Fee clause?", "Which drafting terms are essential to prevent ambiguity or disputes?", "What are the primary risks if the Conversion Fee is set too high or too low?", "How do Conversion Fee clauses differ across jurisdictions or deal types?", "What factors most influence a court\u2019s decision to enforce or strike down a Conversion Fee?"], "drafting_tip": "Specify the calculation method and timing of the conversion fee to ensure transparency; define responsible party for payment to prevent disputes.", "explanation": "A Conversion Fee clause defines the payment required when a party exercises the right to convert one form of security or instrument into another, such as converting a convertible note into equity. Typically, this fee is calculated as a percentage of the amount being converted or as a fixed sum, and it becomes payable at the time of conversion. The core function of this clause is to compensate the issuer for administrative costs or potential dilution resulting from the conversion, ensuring fairness and clarity in the transaction process."}, "json": true, "cursor": ""}}