Right to Convert Not Affected Sample Clauses
The "Right to Convert Not Affected" clause ensures that a party’s ability to convert a security or instrument—such as a convertible note or preferred shares—remains intact regardless of other changes or events affecting the agreement. In practice, this means that even if amendments are made to the contract, or if certain triggering events occur, the holder’s right to convert their holdings into another form (like common stock) is preserved and cannot be impaired. This clause is crucial for protecting the investor’s conversion rights, providing certainty and preventing the issuer from undermining these rights through subsequent modifications or actions.
Right to Convert Not Affected. For the avoidance of doubt, a Tax Redemption will not affect any Holder’s or beneficial owner’s right to convert any Notes (and the relevant Payor’s obligation, if the Conversion Date for such conversion occurs before the applicable Redemption Date, to pay any Additional Amounts with respect to such conversion).
Right to Convert Not Affected. For the avoidance of doubt, a Repurchase Upon Fundamental Change will not affect any Holder’s or beneficial owner’s right to convert any Notes (and the relevant Payor’s obligation, if the Conversion Date for such conversion occurs before the applicable Fundamental Change Repurchase Date, to pay any Additional Amounts with respect to such conversion).
Right to Convert Not Affected. For the avoidance of doubt, a Redemption will not affect any Holder’s right to convert any Notes on or after the Issue Date and prior to the Close of Business on the second (2nd) Business Day immediately before the applicable Redemption Date, except to the extent the Issuer fails to pay the Redemption Price for such Note in accordance with this Indenture.
Right to Convert Not Affected. For the avoidance of doubt, a Tax Redemption will not affect any Holder’s right to convert any Notes on or after the Issue Date and the Company’s obligation to pay any Additional Amounts with respect to such conversion. For the avoidance of doubt, if a Tax Redemption Opt-Out Election Notice is not delivered (or is delivered but thereafter withdrawn) with respect to any Note as of the Close of Business on the second (2nd) Business Day immediately before the related Redemption Date, then such Note will be redeemed pursuant to the Tax Redemption without any further action.
Right to Convert Not Affected. For the avoidance of doubt, a Tax Redemption occurring on or before the Business Day immediately before the related Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, on or before the date that the Company pays such Redemption Price in full) will not affect any Holder’s right to convert any Notes and the Company’s obligation to pay any Additional Amounts with respect to such conversion. Notwithstanding anything in this Section 3.10(c), provided that a Holder complies with the requirements for conversion set forth in Article 4, such Holder will be deemed to have delivered a Tax Redemption Opt-Out Election Notice.