Election to Convert Sample Clauses
The 'Election to Convert' clause allows a party to choose to change the form or nature of an existing agreement, obligation, or instrument, typically from one type of security or contract to another. In practice, this might enable a lender to convert a loan into equity in a company, or permit a tenant to convert a lease to a purchase agreement under specified conditions. This clause provides flexibility and strategic options for the parties involved, addressing the need to adapt to changing circumstances or to take advantage of favorable terms as they arise.
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Election to Convert. (a) Holder hereby elects to convert the debt owed by GWSO in the amount of $350,095 into 155,885 shares of Common Stock.
(b) The conversion of debt hereby shall be effective upon the date of execution of this Agreement (the “Effective Date”).
Election to Convert. To: Coeur d'Alene Mines Corporation The undersigned owner of $________ i▇ ▇▇▇▇▇▇▇▇▇ of Coeur d'Alene Mines Corporation's 9.0% Convertible Senior Subordinated Notes d▇▇ ▇▇▇▇▇▇▇▇ 26, 2007 (the "Convertible Note") hereby irrevocably exercises the option to convert the Convertible Note, or the portion below designated, into Common Stock of Coeur d'Alene Mines Corporation in accordance with the terms of the Indenture ▇▇▇▇▇▇▇▇ ▇▇ in the Convertible Note, and directs that the shares issuable and deliverable upon conversion, together with any check in payment for fractional shares, be issued in the name of and delivered to the undersigned, unless a different name has been indicated in the assignment below. If shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto. Date: Amount of Convertible Note to be converted ($1,000 or integral multiples thereof); $______________________________ Signature (for conversion only) _______________________________ Please Print or Typewrite Name and Address, Including Zip Code, and Social Security or Other Identifying Number: _______________________________ _______________________________ _______________________________ __________________
Election to Convert. At any time prior to the Maturity Date, the Investor may elect by written notice to the Company and the surrender of this Note to convert this Note (including accrued but unpaid interest), at the Conversion Price, into shares of Series B-1 Participating Convertible Preferred Stock of the Company, par value $.001 per share.
Election to Convert. To: Intevac, Inc.
Election to Convert. Notwithstanding the provisions set forth above, Investor may at any time, at its option, by written notice (the "Conversion Notice") to the Company, elect to convert all or any part of the entire outstanding principal amount of the Note plus a pro rata share of the accrued interest on the then outstanding balance into common stock of the Company at a price per share equal to Two Dollars and No Cents ($2.00) per share.
Election to Convert. At any time prior to the Maturity Date, the Investor may elect by written notice to the Company and the surrender of this Note to convert this Note (including accrued but unpaid interest) into such number of shares of Series C Preferred Stock as equals the number of shares of Common Stock that the Investor would have received if this Note (including accrued but unpaid interest) had been converted as of the same date, at the Conversion Price, into shares of Series B-1 Preferred Stock, and such shares of Series B-1 Preferred Stock had been immediately thereafter converted, in accordance with the then-current terms thereof, into shares of Common Stock.”
(c) amending Section 2(d) by deleting “Conversion Price” and replacing it with “effective conversion price of this Note per share of Series C Preferred Stock applying the formula set forth in 2(b) and (c) above”
Election to Convert a. Holder hereby elects to convert 70,000 shares of Preferred Shares held by Holder into 70 million shares of Common Stock in accordance with Securities Purchase Agreement.
b. The conversion of shares of Preferred Stock Series contemplated hereby shall be effective immediately or upon the date on which KDCE amends its articles of incorporation to increase the number of authorized shares of Common Stock to a number of shares sufficient to permit the conversion of the 70,000 shares of Preferred Stock (the “Effective Date”) .
c. In connection with the election made by Holder hereby, Holder is delivering with this executed Agreement (i) an executed conversion notice (“Conversion Notice”) which constitutes the written instructions which Holder is required to deliver to KDCE in connection with the conversion of the shares of Preferred Stock held by Holder and (ii) the certificates evidencing 70,000 shares of Preferred Stock Series issued to Holder by KDCE.
Election to Convert. To NTL Incorporated The undersigned owner of this Note hereby irrevocably exercises the option to convert this Note, or the portion below designated, into Common Stock of NTL Incorporated in accordance with the terms of the Indenture referred to in this Note, and directs that the shares issuable and deliverable upon conversion, together with any check in payment for fractional shares, be issued in the name of and delivered to the undersigned, unless a different name has been indicated in the assignment below. If the shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto. Any holder of Notes, upon the exercise of its conversion rights in accordance with the terms of the Indenture and the Note, agrees to be bound by the terms of the Registration Rights Agreement relating to the Common Stock issuable upon conversion of the Notes. Date: in whole ___ Portions of Note to be converted ($1,000 or integral multiples thereof): $______________ Signature ______________________________________ Please Print or Typewrite Name and Address, Including Zip Code, and Social Security or Other Identifying Number ________________________________________________ ________________________________________________ ________________________________________________ Signature Guarantee: * ________________________ * Signature must be guaranteed by a commercial bank, trust company or member firm of the New York Stock Exchange. [TO BE ATTACHED TO GLOBAL NOTES] SCHEDULE A SCHEDULE OF PRINCIPAL AMOUNT The initial principal amount of this Global Note shall be $__________________. The following increases or decreases in the principal amount of this Global Note have been made: Amount of decrease in Amount of increase Principal amount of Signature of Date of exchange principal amount of in principal amount this Global Note authorized officer following such this Global Note of this Global Note of Trustee or Notes decrease or increase Custodian -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- --...
Election to Convert. In accordance with the terms hereof, and as a result of the prior approval of the shareholders and Board of Trustees of the Company, the Unit Holders hereby elect, and the Company hereby acknowledges that election, to convert 1,000,000 of the Units into 1,000,000 Shares (the “New Shares”) as set forth on Exhibit A.
Election to Convert. To: Chemed Corporation The undersigned owner of this Security hereby irrevocably exercises the option to convert this Security, or the portion below designated, into Capital Stock of CHEMED CORPORATION in accordance with the terms of the Indenture referred to in this Security, and directs that the shares issuable and deliverable upon conversion, together with any check in payment for fractional shares, be issued in the name of and delivered to the undersigned, unless a different name has been indicated in the assignment below. If shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto. Date: , in whole __ Portions of Security to be converted ($- or integral multiples thereof): $________________ ________________________________________ Signature (for conversion only) Please Print or Typewrite Name and Address, Including Zip Code, and Social Security or Other Identifying Number ________________________________________ ________________________________________ ________________________________________ Signature Guarantee: (5) ________________________________________ --------