Common use of Conversion Mechanics Clause in Contracts

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding obligations under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions (i) first, of the Monthly Amount for the current calendar month, (ii) then, of the accrued interest on the Non-Amortizing Principal Amount ,(iii) then of outstanding Amortizing Principal Amount, by ap▇▇▇▇▇▇ the conversion amount to Monthly Principal Amounts for the remaining Repayment Dates in chronological order and (iv) then, of outstanding Non-Amortizing Principal Amount.. (b) The Fixed Conversion Price and num▇▇▇ ▇▇d kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding obligations under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions (i) first, of the Monthly Amount for the current calendar month, (ii) then, then of the accrued interest on the Non-Amortizing Principal Amount ,▇▇▇▇▇▇, (iii) then of outstanding Amortizing Principal Amount, by ap▇▇▇▇▇▇ applying the conversion amount to Monthly Principal Amounts for the remaining Repayment Dates in chronological order and (iv) then, of outstanding Non-Amortizing Principal Amount... (b) The Fixed Conversion Price and num▇▇▇ ▇▇d number and kind of shares or other securities to be issued upon conversion is are subject to adjustment from time to time upon the occurrence of certain events, as follows:

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding obligations under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions (i) first, of the Monthly Amount for the current calendar month, (ii) then, of the accrued interest on the Non-Amortizing Principal Amount ,(iii) then of outstanding Amortizing Principal Amount, by ap▇▇▇▇▇▇ applying the conversion amount to Monthly Principal Amounts for the remaining Repayment Dates in chronological order order, (iii) then of the accrued interest on the Non-Amortizing Principal Amount, and (iv) then, of outstanding Non-Amortizing Principal Amount..A▇▇▇▇▇. (b) The Fixed Conversion Price and num▇▇▇ ▇▇d number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of amounts owing on this Note pursuant to this Article III shall be determined by dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding obligations under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions (i) first, of the Monthly Amount for the current calendar monthmonth (if not already paid), (ii) then, then of the accrued interest on the Non-Amortizing Principal Amount ,▇▇▇▇▇▇, (iii) then of outstanding Amortizing Principal Amount, by ap▇▇▇▇▇▇ applying the conversion amount to Monthly Principal Amounts for the remaining Repayment Dates in chronological order and (iv) then, of outstanding Non-Amortizing Principal Amount..▇▇▇▇▇▇. (b) The applicable Fixed Conversion Price and num▇▇▇ ▇▇d number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding obligations under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions (i) first, of the Monthly Amount for the current calendar month, (ii) then, then of the accrued interest on the Non-Amortizing Principal Amount ,Amount, (iii) then of outstanding Amortizing Principal Amount, by ap▇▇▇▇▇▇ applying the conversion amount to Monthly Principal Amounts for the remaining Repayment Dates in chronological order and (iv) then, of outstanding Non-Amortizing Principal Amount... (b) The Fixed Conversion Price and num▇▇▇ ▇▇d number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding obligations under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions (i) first, of the Monthly Amount for the current calendar month, (ii) then, of the accrued interest on the Non-Amortizing Principal Amount ,(iii) then of outstanding Amortizing Principal Amount, by ap▇▇▇▇▇▇ applying the conversion amount to Monthly Principal Amounts for the remaining Repayment Dates in chronological order order. (iii) then, of the accrued interest on the Non-Amortizing Principal ▇▇▇▇▇▇, and (iv) then, of outstanding Non-Amortizing Principal Amount..▇▇▇▇▇▇. (b) The Fixed Conversion Price and num▇▇▇ ▇▇d number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding obligations under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions (i) first, of the Monthly Amount for the current calendar month, (ii) then, of the accrued interest on the Non-Amortizing Principal Amount ,(iii) then of outstanding Amortizing Principal Amount, by ap▇▇▇▇▇▇ applying the conversion amount to Monthly Principal Amounts for the remaining Repayment Dates in chronological order order, (iii) then of the accrued interest on the Non-Amortizing Principal Amount, and (iv) then, of outstanding Non-Amortizing Principal Amount..▇▇▇▇▇▇. (b) The Fixed Conversion Price and num▇▇▇ ▇▇d number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding obligations under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions (i) first, of the Monthly Amount for the current calendar month, (ii) then, then of the accrued interest on the Non-Amortizing Principal Amount ,being converted in such Conversion Notice, (iii) then of outstanding Amortizing Principal Amount, by ap▇▇▇▇▇▇ applying the conversion amount to Monthly Principal Amounts for the remaining Repayment Dates in chronological order and (iv) then, of outstanding Non-Amortizing Principal Amount..▇▇▇▇▇▇. (ba) The Fixed Conversion Price and num▇▇▇ ▇▇d number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows: