Common use of Holders Conversion Rights Clause in Contracts

Holders Conversion Rights. While any amounts are owed under this Note, including accrued interest, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with all accrued but unpaid interest and fees due thereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III (a "CONVERSION"). The Holder may exercise such right by delivery to the Borrower of a written, executed and completed notice of conversion in the form of Exhibit A hereto (a "NOTICE OF CONVERSION") not less than three (3) days prior to the date upon which such conversion shall occur.