Common use of Agreement of Holder to Convert Principal and Interest of Notes Clause in Contracts

Agreement of Holder to Convert Principal and Interest of Notes. 1.1.1 The Holder agrees irrevocably to convert at the Closing Time of the Underwritten Offering the full principal amount and all interest accrued on the Holder Notes through the Interest Expiration Date (as defined below) into shares of Common Stock, such conversion to be effected automatically as of the Closing Time and without further act by or on behalf of the Holder.

Appears in 8 contracts

Sources: Recapitalization Agreement (Underbrink Charles E), Recapitalization Agreement (Black Warrior Wireline Corp), Recapitalization Agreement (Black Warrior Wireline Corp)

Agreement of Holder to Convert Principal and Interest of Notes. 1.1.1 2.1.1 The Holder agrees irrevocably to convert at the Closing Time of the Underwritten Offering the full principal amount and all interest accrued on the Holder Notes through the Interest Expiration Date (as defined below) into shares of Common Stock, such conversion to be effected automatically as of the Closing Time and without further act by or on behalf of the Holder.

Appears in 3 contracts

Sources: Recapitalization Agreement (Underbrink Charles E), Recapitalization Agreement (Black Warrior Wireline Corp), Recapitalization Agreement (Black Warrior Wireline Corp)