Common use of Payment Upon Conversion Clause in Contracts

Payment Upon Conversion. Upon any conversion of Securities, the Company will deliver to converting Holders in respect of each $1,000 principal amount of Securities being converted a “Settlement Amount” equal to the sum of the Daily Settlement Amount for each of the 20 Trading Days during the Cash Settlement Averaging Period.

Payment Upon Conversion. Upon any conversion of Securities, the Company will deliver to converting Holders in respect of each $1,000 principal amount of Securities being converted a ““ Settlement AmountAmount ” equal to the sum of the Daily Settlement Amount for each of the 20 consecutive Trading Days during the Cash Settlement Averaging Period.