Common use of Conversion by Subscription Receipt Agent Clause in Contracts

Conversion by Subscription Receipt Agent. Immediately, and upon receipt of the Release Notice by the Subscription Receipt Agent, all Subscription Receipts will be automatically converted by the Subscription Receipt Agent at the Release Time for and on behalf of the holder thereof and the holder thereof shall, without any action on the part of the holder thereof (including the surrender of any Subscription Receipt Certificate or deemed surrender of any Uncertificated Subscription Receipts), be deemed to have subscribed for the corresponding number of Special Warrants issuable upon the conversion of such Subscription Receipts.

Conversion by Subscription Receipt Agent. Immediately, and upon receipt of the Release Notice by the Subscription Receipt Agent, all each Subscription Receipts Receipt will be automatically converted by the Subscription Receipt Agent at the Release Time for and on behalf of the holder thereof and the holder thereof shall, without any action on the part of the holder thereof (including the surrender of any Subscription Receipt Certificate or deemed surrender of any Uncertificated Subscription Receipts), be deemed to have subscribed for the corresponding number of a Special Warrants Warrant issuable upon the conversion of such Subscription ReceiptsReceipt.