Common use of Issuance of Common Stock on Conversion Clause in Contracts

Issuance of Common Stock on Conversion. No Adjustment for Interest or Dividends Promptly following the automatic conversion of the aforesaid amount of the Notes issued pursuant to this Indenture, the Company shall issue and shall deliver to the Trustee certificates for the number of full shares of Common Stock issuable to the Holders upon the conversion of each Holder's Note in accordance with the provisions of this Article Fourteen and a check or cash in respect of any fractional interest in respect of a share of Common Stock arising upon such conversion, as provided in Section 14.3.

Appears in 2 contracts

Sources: Indenture (Altiva Financial Corp), Indenture (Altiva Financial Corp)