Notes Exercise Sample Clauses
The "Notes Exercise" clause defines the process by which holders of convertible notes can exercise their rights to convert the notes into equity or another specified form of consideration. Typically, this clause outlines the conditions under which conversion can occur, such as upon a qualifying financing event or at the noteholder's discretion, and details the steps required to initiate the conversion, including providing notice to the issuer. Its core practical function is to provide a clear and orderly mechanism for noteholders to realize the value of their investment, ensuring both parties understand how and when conversion rights may be exercised.
Notes Exercise. By surrender to Aurora of any promissory notes or other obligations issued by Aurora, with all such notes or other obligations of Aurora so surrendered being credited against the Exercise Price in an amount equal to the principal amount thereof plus the amount of any interest thereon to the date of such surrender;
Notes Exercise. By surrender to the Company of any notes or other obligations issued by the Company with all such notes or other obligations of the Company so surrendered being credited against the Option Exercise Price in an amount equal to the principal amount thereof plus the amount of any interest accrued thereon to the date of such surrender;