Holder’s Conversion Right. On a date that is at least thirty (30) days prior to the date on which the Company is obligated to close on an "Approved Sale" (as defined below) or an "IPO" (as defined below) (each a "Conversion Event"), the Company shall deliver to each registered holder of a Debenture with respect to which there has been no exercise of the applicable Holder Payment Acceleration Right (each an "Eligible Debenture"), a written notice (the "Company Conversion Election Notice") that describes the Conversion Event. If this Debenture is an Eligible Debenture, the registered holder by delivery to
Appears in 3 contracts
Sources: Series a Subordinated Convertible Debenture (Pods Inc), Series a Subordinated Convertible Debenture (Pods Inc), Series a Subordinated Convertible Debenture (Pods Inc)