understanding convertible notes:

A convertible note is a hybrid of debt financing and equity financing. The holder loans the company a specific amount of money and assumes the role of a traditional bond holder. At some point in the future, a trigger event will occur that converts the note into an equity interest in the company. The trigger event is usually the next round of financing but there may be other triggers including puts or calls.

I need to do some research on the Maturity Date. This is the date at which the debt becomes due and payable (w/ interest) if the note is not converted to equity. This is effectively a time limit on the company to achieve the growth or potential necessitating the next round of financing while protecting the investor from an endless possibility of not seeing a return on his investment.

anyone who has information on this, it would be appreciated.