Conversion Notification Sample Clauses

The Conversion Notification clause outlines the requirement for one party to formally inform the other when a conversion event—such as the conversion of debt to equity or another change in the nature of an agreement—will take place. Typically, this clause specifies the method, timing, and content of the notice that must be provided, ensuring all parties are aware of the impending conversion and can prepare accordingly. Its core function is to ensure transparency and prevent disputes by providing clear communication about significant changes in the contractual relationship.