Delivery of the Conversion Consideration. Except as set forth in this Section 3, the Company will pay or deliver, as applicable, the Conversion Consideration due upon the conversion of any Note to the Investor on or before the tenth Business Day immediately after the Conversion Date; provided, however, that, with respect to any Conversion Date occurring during a Change of Control Period, the Company will settle any such conversion concurrent with the closing of the Change of Control and the Conversion Date will instead be deemed to be the effective date of the closing of such Change of Control immediately prior to the effectiveness thereof.
Appears in 3 contracts
Sources: Convertible Security Agreement (Xos, Inc.), Convertible Security Agreement (Xos, Inc.), Convertible Security Agreement (Xos, Inc.)