Conversion by Holder Sample Clauses

Conversion by Holder. Subject to the terms hereof and restrictions and limitations ▇▇▇▇▇ined herein, the Holder shall have the right, at Holder's option, at any time and from time to time to convert, in part or in whole, the outstanding Principal Amount under this Note by delivering to the Company a fully executed notice of conversion in the form of conversion notice attached hereto as Exhibit A (the "Conversion Notice"), which may be transmitted by facsimile (with the original mailed on the same date by certified or registered mail, postage prepaid and return receipt requested) on the date of conversion (the "Conversion Date"). Notwithstanding anything to the contrary herein, this Note and the outstanding Principal Amount hereunder shall not be convertible into Common Stock to the extent that such conversion would result in the Holder hereof exceeding the limitations contained in, or otherwise violating the provisions of Section 3(l) below.

Conversion by Holder. Subject to and upon compliance with the provisions of this ARTICLE 3, the Holder shall have the right from time to time, at the Holder’s option, to convert all or any portion (if the portion to be converted is at least US$100,000,000 or such lesser amount then held by the Holder) of the Note to the Company’s fully paid ADSs at any time prior to the close of business on the second Business Day immediately preceding the Maturity Date.

Conversion by Holder. Subject to and upon compliance with the provisions of this Article 3, the Holder shall have the right, at the Holder’s option, to convert all or any portion (if the portion to be converted is US$1,000 principal amount or an integral thereof) of the Note to the Company’s fully paid Class A Shares at the applicable Conversion Rate at any time during the Conversion Period.

Conversion by Holder. Subject to and upon compliance with the provisions of this ARTICLE 3, the Holder shall have the right from time to time, at the Holder’s option, to convert all or any portion of the Note to the Company’s fully paid Ordinary Shares at any time prior to the close of business on the second Business Day immediately preceding the Maturity Date.

Conversion by Holder. Any Holder of this Note has the right, at the Holder's option, at any time prior to payment in full of the principal balance of this Note, to convert this Note, in accordance with the provisions of Section 8.3 hereof, in whole or in part, into fully paid and nonassessable shares of Common Stock of Maker (the "Common Stock"). The number of shares of Common Stock into which this Note may be converted (the "Conversion Shares") shall be determined by dividing the aggregate principal amount together with all accrued interest to the date of conversion by the Conversion Price (as defined below) in effect at the time of conversion. The initial Conversion Price shall be equal to One Dollar and 51/100 ($1.51).

Conversion by Holder. Subject to Sections 5.11 and 5.12 and the -------------------- last sentence of this Section, at any time upon fifteen (15) days' prior written notice to the Company at any time and from time to time from the date hereof and prior to the close of business on the Maturity Date or earlier as set forth in this Section 5, the principal sums due under this Note shall be convertible into shares of Common Stock at the Conversion CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. ASTERISKS DENOTE OMISSIONS. Price, at the option of the Holder in whole or in part. The Company may waive the fifteen (15) day notice requirement at its sole discretion as to any Holder or Holders. The Holder shall effect conversions by surrendering this Note (or such portions thereof) to be converted, together with the form of conversion notice attached hereto as Exhibit A (the "Holder Conversion Notice") to the ------------------------ Company. Each Holder Conversion Notice shall specify the principal amount of this Note to be converted (which may not be less than $100,000 or such lesser principal amount of this Note then held in the aggregate by such Holder) and the date on which such conversion is to be effected (which, in any event, shall be no less than fifteen (15) days from the date of such notice unless waived by the Company as set forth above) (the "Holder Conversion Date"). If no Holder ---------------------- Conversion Date is specified in a Holder Conversion Notice, the Holder Conversion Date shall be the date that is fifteen (15) days after the date that the Holder Conversion Notice is deemed delivered pursuant to Section 5.10. Each Holder Conversion Notice may be revoked and rescinded at the election of the Holder exercised in its sole discretion prior to the Holder Conversion Date. If the Holder is converting less than all of the principal amount represented by this Note or if a conversion hereunder cannot be effected in full for any reason, the Company shall honor such conversion to the extent permissible hereunder and shall promptly deliver to such Holder (in the manner and within the time set forth in Section 5.10) a new Note for such principal amount as has not been converted. Interest on the Note shall continue to accrue through the Holder Conversion Date. Notwithstanding the foregoing, no Holder shall be permitted to exercise its conversion rights under this Section if and to the extent that (i) such Holder is (or as a res...

Conversion by Holder. The Holder of this Debenture is entitled at any time prior to maturity or in case a Debenture or some portion hereof shall have been called for prepayment prior to such date, then until thirty (30) days after the date of notice of prepayment, to convert a Debenture (or any portion of the principal amount and interest thereof), into fully paid and nonassessable shares of the Company s common stock, $0.001 per share par value, ( the Shares ) at a rate equal to $3.00 per share through June 30, 1996, $3.50 per share through June 30, 1997 and $4.00 per share through June 30, 1998. The conversion right shall be exercised with conversion occurring by proper surrender of the Debenture to the Company, accompanied by written notice that the Holder hereof elects to convert this Debenture.

Conversion by Holder. (a) The Holder shall have the option to convert the Note, and all accrued interest on the principal amount of the Note, for Common Shares at the Conversion Price upon completion of both of the Capital Truss RTO and the Trussnet RTO. In the event that the Holder wishes to convert the Note, the Holder shall deliver to the Company a Notice of Election to Convert in the form attached hereto as Exhibit B and the other items described in subsection (b) of this Section 9.1. (b) The principal balance and all accrued and unpaid interest thereon (for purposes of this Section 9, such amount is referred to as the “Amount Owing”), shall be converted into Shares at the Conversion Price as defined in Section 9.2 below on the date that the Company receives the following items from the Holder (such shall be deemed to be the “Conversion Date”): (1) the Holder’s signed Notice of Election to Convert and (2) the original, signed copy of the Note. (c) The Holder shall also provide to the Company, if required and instructed to do so by the Company: (1) appropriate endorsements and transfer documents; and (2) payment of transfer or similar tax. (d) Nothing in this Section 9.1 shall be deemed to require the Holder to elect to convert the Note.

Conversion by Holder. (a) At any time during the Conversion Period, or in the circumstances described in clause 4.2(b), a Holder may elect to Convert any of its ECUs to Shares by giving a Conversion Notice to each of the Agent, MSV and Campbell not less than 5 Business Days befo▇▇ ▇▇▇ ▇roposed Conversion Date. (b) The number of Shares received by the Holder under clause 4.1 (a) will be the sum of: (1) in relation to the Principal Conversion Amount of an ECU, the amount determined by dividing: (A) the Principal Conversion Amount as at the Conversion Date; by (B) the Conversion Sum; and (2) in relation to the Interest Conversion Amount of an ECU, the amount determined by dividing: (A) the Interest Conversion Amount as at the Conversion Date; by (B) the Current Market Price.