Example ContractsClausesfractional shares; effect of conversionVariants
Fractional Shares; Effect of Conversion
Fractional Shares; Effect of Conversion contract clause examples

Delivery of Conversion Shares Upon Conversion. Not later than three (3) Trading Days after the Conversion Date (the “Share Delivery Date”), [[Organization A:Organization]] shall deliver, or cause to be delivered, to the Holder the Conversion Shares.

Delivery of Certificate Upon Conversion. Not later than the earlier of # two Trading Days after each Conversion Date or # the Standard Settlement Period (either, the “Share Delivery Date”), the [[Organization A:Organization]] shall deliver, or cause to be delivered, to the Holder any certificate or certificates required to be delivered by the [[Organization A:Organization]] under this Section 4(c) which shall be free of restrictive legends and trading restrictions except as provided by the Securities Act (other than those which may then be required by the Purchase Agreement) and such shares shall be delivered electronically through the Depository Trust [[Organization A:Organization]] or another established clearing corporation performing similar functions.

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