Common use of Delivery of the Conversion Consideration Clause in Contracts

Delivery of the Conversion Consideration. The Company will pay or deliver, as applicable, the Conversion Consideration due upon the conversion of this Note, including any portion constituting an Optional Redemption Payment required to be paid by the Company on the next Optional Redemption Date or Optional Redemption Stock Payment Date, as applicable, or any outstanding deferred Optional Redemption Payment, to the Holder on or before the second (2nd) Business Day (or, if earlier, the standard settlement period for the primary national securities exchange, if any, on which the Common Stock is traded) immediately after the Conversion Date for such conversion (the “Conversion Settlement Date”).

Appears in 1 contract

Sources: Omnibus Amendment (PARETEUM Corp)

Delivery of the Conversion Consideration. The Company will pay or deliver, as applicable, the Conversion Consideration due upon the conversion of this Note, including any portion constituting an Optional Early Redemption Payment required to be paid by the Company on the next Optional Early Redemption Date or Optional Early Redemption Stock Payment Date, as applicable, or any outstanding deferred Optional Early Redemption Payment, to the Holder on or before the second (2nd) Business Day (or, if earlier, the standard settlement period for the primary national securities exchange, if any, Eligible Exchange on which the Common Stock is traded) immediately after the Conversion Date for such conversion (the “Conversion Settlement Date”).

Appears in 1 contract

Sources: Securities Purchase Agreement (Workhorse Group Inc.)