Common use of Conversion Pursuant to Section Clause in Contracts

Conversion Pursuant to Section. 6(a). Before the Holder shall be entitled to convert any or all of this Note into shares of Common Stock, it shall surrender this Note at the office of Payor and shall give written notice by mail, postage prepaid, to Payor at its principal corporate office, of the election to convert the same pursuant to Section 6(a), and shall state therein the name or names in which the certificate or certificates for shares of Common Stock are to be issued. Payor shall, as soon as practicable thereafter, issue and deliver at such office to the Holder of this Note a certificate or certificates for the number of shares of Common Stock to which the Holder of this Note shall be entitled as aforesaid. Such conversion shall be deemed to have been made immediately prior to the close of business on the date of such surrender of this Note, and the person or persons entitled to receive the shares of Common Stock issuable upon such conversion shall be treated for all purposes as the record holder or holders of such shares of Common Stock as of such date.