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Common use of Optional Conversion Rights Clause in Contracts

Optional Conversion Rights. The Series A Preferred Stock shall be convertible as follows:

Appears in 2 contracts

Sources: Convertible Promissory Note (Hq Sustainable Maritime Industries, Inc.), Purchase Agreement (Hq Sustainable Maritime Industries, Inc.)

Related Clauses

  • Optional Conversion
  • Conversion Rights
  • No Conversion Rights
  • Conversion Right
  • Exercise of Conversion Right

Parent Clauses

  • Optional Conversion of Note
  • General Provisions
  • Definitions
  • Documentary Stamp Taxes
  • Exception to Single Class

Sub-Clauses

  • Costs
  • Dividends Upon Conversion
  • Optional Conversion
  • Interpretation
  • Definitions
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