Common use of Holder Option Clause in Contracts

Holder Option. In the event of a call by the Company pursuant to this Section 5, the Holders, at their option, may for a period of thirty (30) days following the Call Notice Date require the Company to convert their Notes into fully paid and nonassessable shares of the Company’s Common Stock at the Conversion Price (the “Holder’s Option”).

Appears in 1 contract

Sources: Convertible Subordinated Note (Net Perceptions Inc)

Holder Option. In the event of a call by the Company pursuant to this Section 5, the Holders, at their option, may for a period of thirty (30) days following the Call Notice Date require the Company to convert their Notes into fully paid and nonassessable shares of the Company’s 's Common Stock at the Conversion Price (the "Holder’s 's Option").

Appears in 1 contract

Sources: Convertible Subordinated Note (Kanders Warren B)