Conversion Shares Issuable Upon Conversion. The number of shares of Common Stock issuable upon a conversion of the Principal Amount of this Note and accrued interest thereon (the “Conversion Shares”) shall be equal to the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted, plus the accrued and unpaid interest thereon which is to be converted, by (y) the Conversion Price.
Appears in 2 contracts
Sources: Note Amendment Agreement, Note Amendment Agreement (Authentidate Holding Corp)
Conversion Shares Issuable Upon Conversion. The number of shares of Common Stock issuable upon a conversion of the Principal any Conversion Amount of this Note and accrued interest thereon (the “Conversion Shares”pursuant to Section 4(b) shall be equal to the quotient obtained determined by dividing (x) the outstanding principal amount 120% of this Note to be converted, plus the accrued and unpaid interest thereon which is to be converted, such Conversion Amount by (y) the Conversion PricePrice (the “Conversion Rate”).
Appears in 2 contracts
Sources: Convertible Security Agreement (Nauticus Robotics, Inc.), Convertible Security Agreement (Nauticus Robotics, Inc.)