Amount to be Converted Clause Samples

The "Amount to be Converted" clause defines the specific sum or value that will be exchanged for equity or another form of consideration during a conversion event, such as the conversion of a convertible note or SAFE into company shares. This clause typically outlines how the amount is calculated, which may include principal, accrued interest, or other adjustments, and clarifies what portion of the investment is eligible for conversion. Its core practical function is to ensure transparency and prevent disputes by clearly specifying the basis for conversion, thereby protecting both the investor and the company.
Amount to be Converted. The requested aggregate amount of such Base Rate Loan to be converted into a Eurodollar Rate Loan is: $ .
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Amount to be Converted. The requested aggregate amount of such Eurodollar Rate Loan to be converted into a Base Rate Loan is: $__________. Dated: __________, 19__. COMPUTER ASSOCIATES INTERNATIONAL, INC. By_______________________________ Its EXHIBIT E-1 FORM OF REVOLVING LOAN PROMISSORY NOTE $____________ New York, New York May 26, 1999 FOR VALUE RECEIVED, the undersigned, COMPUTER ASSOCIATES INTERNATIONAL, INC., a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay to the order of ___________________________________ (the "Bank") at the office of Credit Suisse First Boston, located at ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, in lawful money of the United States of America and in immediately available funds, on the Termination Date (or such earlier date upon which such amounts may become due and payable pursuant to the terms of the Credit Agreement described below) the principal amount of (a) ____________________________________ DOLLARS ($______________), or, if less, (b) the aggregate unpaid principal amount of all Revolving Loans made by the Bank to the Borrower pursuant to Section 2.1 of the Credit Agreement, as hereinafter defined. The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in the Credit Agreement, together with all fees and costs payable by the Borrower under the Credit Agreement. The holder of this Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date, Type and amount of each Revolving Loan made pursuant to the Credit Agreement and the date and amount of each payment or prepayment of principal thereof, each continuation thereof, each conversion of all or a portion thereof to another Type and, in the case of Eurodollar Rate Loans, the length of each Interest Period with respect thereto. The failure to make any such endorsement shall not affect the obligations of the Borrower in respect of such Revolving Loan.
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Amount to be Converted. The requested aggregate amount of such Eurodollar Rate Loan to be converted into a Base Rate Loan is: $ . Dated: , 19 . COMPUTER ASSOCIATES INTERNATIONAL, INC. By Its EXHIBIT E [LETTERHEAD OF ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇] July [__], 1997 Credit Suisse First Boston, as Administrative Agent ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ The banks and other financial institutions signatory to the Credit Agreement described below Re: Computer Associates International, Inc. Ladies and Gentlemen: We have acted as counsel to Credit Suisse First Boston, as Administrative Agent (in such capacity, the "Agent"), in connection with the preparation, execution and delivery of the Amended and Restated Credit Agreement, dated as of June 30, 1997 (the "Credit Agreement"), among Computer Associates International, Inc., a Delaware corporation (the "Borrower"), the banks and other financial institutions parties thereto (the "Banks") and the Agent, and in connection with the negotiation of the form of the Notes to be delivered in pursuant thereto. This opinion is delivered to you pursuant to subsection 3.1(f) of the Credit Agreement. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. In connection with this opinion, we have examined a counterpart of the Credit Agreement signed by the Borrower and the Agent. In such examination, we have assumed the authenticity of all documents submitted to us as originals, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the conformity of such documents to the original documents. We have also assumed that the Credit Agreement has been duly authorized, executed and delivered by the Borrower, that the Borrower is duly organized and validly existing under the laws of its jurisdiction of incorporation and has the corporate power and authority to execute, deliver and perform its obligations under the Credit Agreement and that the execution, delivery and performance by the Borrower of the Credit Agreement has been duly authorized by all necessary corporate action on the part of the Borrower, does not contravene its articles or certificate of incorporation or by-laws or similar organizational documents or violate, or require any consent not obtained under, any applicable law or regulation or any...
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Amount to be Converted. The requested aggregate amount of such ABR Loan to be converted into a Eurodollar Loan is: $_______________ . -------- (1) Insert Part A and/or B, as applicable.
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Amount to be Converted. The requested aggregate amount of such [ABR; U.S. Prime Rate; Canadian Prime Rate] Loan to be converted into a [Eurocurrency; BA] Loan is: $/C$ . (1) Insert Part A and/or B, as applicable.
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Amount to be Converted.  All of the principal amount outstanding under this Note  The following amount of principal outstanding under this Note: $____________
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Amount to be Converted. The requested aggregate amount of such [Eurocurrency; BA] Loan to be converted into an [ABR; U.S. Prime Rate; Canadian Prime Rate] Loan is: $/C$ . [REEBOK INTERNATIONAL LTD.] [REEBOK INTERNATIONAL LIMITED] [REEBOK CANADA INC.] [SPORT MASKA INC.] [MEXICAN BORROWER] Dated: , 20 By Name: Title: EXHIBIT D to 1. The Additional Cost is an addition to the interest rate in relation to the cost of compliance with the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions). 2. On the first day of each Interest Period (or as soon as possible thereafter), the General Administrative Agent shall calculate, as a percentage rate, a rate (the “Additional Cost Rate”) in accordance with the paragraphs set out below. The Additional Cost will be calculated by the General Administrative Agent by reference to its principal London lending office’s (the “Reference Bank”) own rates and will be expressed as a percentage rate per annum. 3. The Additional Cost Rate for any Lender lending from a lending office in the United Kingdom will be calculated by the General Administrative Agent as follows: AB + C(B - D) + Ex0.01 per cent. per annum 100 - (A + C) Where:
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Related to Amount to be Converted

  • Notes to Be Converted At the Close of Business on the Conversion Date for any Note (or any portion thereof) to be converted, such Note (or such portion) will (unless there occurs a Default in the delivery of the Conversion Consideration or interest due, pursuant to Section 5.03(B) or Section 5.02(D), upon such conversion) be deemed to cease to be outstanding, except to the extent provided in Section 5.02(D) or Section 5.08.

  • All Terms to be Conditions The Company agrees that the conditions contained in this Agreement will be complied with insofar as the same relate to acts to be performed or caused to be performed by the Company. Any breach or failure to comply with any of the conditions set out in this Agreement shall entitle any of the Underwriters to terminate their obligation to purchase the Offered Shares, by written notice to that effect given to the Company at or prior to the Closing Time or the Option Closing Time, as applicable. It is understood that the Underwriters may waive, in whole or in part, or extend the time for compliance with, any of such terms and conditions without prejudice to the rights of the Underwriters in respect of any such terms and conditions or any other or subsequent breach or non-compliance, provided that to be binding on any Underwriter any such waiver or extension must be in writing and signed by such Underwriter.

  • Stock to be Reserved The Company will at all times reserve and keep available out of its authorized Common Stock, solely for the purpose of issuance upon the exercise of this Warrant as herein provided, such number of shares of Common Stock as shall then be issuable upon the exercise of this Warrant. The Company covenants that all shares of Common Stock which shall be so issued, upon full payment of the Warrant Price therefor or as otherwise set forth herein, shall be duly and validly issued and fully paid and nonassessable and free from all taxes, liens and charges with respect to the issue thereof, and, without limiting the generality of the foregoing, the Company covenants that it will from time to time take all such action as may be required to ensure that the par value per share, if any, of the Common Stock is at all times equal to or less than the effective Warrant Price. The Company will take all such action as may be necessary to ensure that all such shares of Common Stock may be so issued without violation of any applicable law or regulation, or of any requirement of any national securities exchange or automated quotation system upon which the Common Stock of the Company may be listed or quoted. The Company will not take any action which results in any adjustment of the Warrant Price if the total number of shares of Common Stock issued and issuable after such action upon exercise of this Warrant would exceed the total number of shares of Common Stock then authorized by the Company's Certificate of Incorporation. The Company has not granted and will not grant any right of first refusal with respect to shares issuable upon exercise of this Warrant, and there are no preemptive rights associated with such shares.

  • Selection of Notes to Be Redeemed or Purchased If less than all of the Notes are to be redeemed or purchased in an offer to purchase at any time, the Trustee will select Notes for redemption or purchase as follows: (1) if the Notes are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange on which the Notes are listed; or (2) if the Notes are not listed on any national securities exchange, on a pro rata basis, by lot or by such method as the Trustee shall deem fair and appropriate. In the event of partial redemption or purchase by lot, the particular Notes to be redeemed or purchased will be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption or purchase date by the Trustee from the outstanding Notes not previously called for redemption or purchase. The Trustee will promptly notify the Company in writing of the Notes selected for redemption or purchase and, in the case of any Note selected for partial redemption or purchase, the principal amount thereof to be redeemed or purchased. Notes and portions of Notes selected will be in amounts of $1,000 or whole multiples of $1,000; except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder, even if not a multiple of $1,000, shall be redeemed or purchased. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes called for redemption or purchase also apply to portions of Notes called for redemption or purchase.

  • Shares to Be Reserved The Company shall at all times during the term of the Option reserve and keep available such number of shares of stock as will be sufficient to satisfy the requirements of this Agreement.