Common use of Conversion Shares Issuable Upon Conversion of Principal Amount Clause in Contracts

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of Conversion Shares issuable upon a conversion at Holders option pursuant to Section 4(a) shall be determined by the quotient obtained by dividing (x) the applicable dollar amount being converted in either case by (y) the Conversion Price.

Appears in 2 contracts

Sources: Impact Note Purchase Agreement, Securities Purchase Agreement (American Resources Corp)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of Conversion Shares issuable upon a conversion at Holders option pursuant to Section 4(a) shall be determined by the quotient obtained by dividing (x) the applicable dollar amount being converted in either case by (y) the Conversion Price.dividing

Appears in 1 contract

Sources: Impact Note Purchase Agreement

Conversion Shares Issuable Upon Conversion of Principal Amount. The Subject to Section 4(d)(vii) the number of Conversion Shares issuable upon a conversion at Holders option pursuant to Section 4(a) hereunder shall be determined by the quotient obtained by dividing (x) the applicable dollar outstanding principal amount being of this Note to be converted in either case by (y) the Conversion Price.

Appears in 1 contract

Sources: Convertible Security Agreement (Jupiter Neurosciences, Inc.)