Optional Conversion. Subject to the terms of this Article III, Holder shall have the right, but not the obligation, at any time after the Issuance Date and until the Maturity Date, or thereafter during an Event of Default, to convert all or any portion of the outstanding Principal Amount, accrued interest and fees due and payable thereon into fully paid and non-assessable shares of Common Stock of Borrower at the Conversion Price, as defined below (the “Conversion Shares”).
Appears in 7 contracts
Sources: Convertible Debenture (Tauriga Sciences, Inc.), Convertible Security Agreement (Tauriga Sciences, Inc.), Convertible Debenture (Tauriga Sciences, Inc.)
Optional Conversion. Subject to the terms of this Article III, the Holder shall have the right, but not the obligation, at any time after the Issuance Date and until the Maturity Date, or thereafter during an Event of DefaultDefault (as defined in Article V), and, subject to the limitations set forth in Section 3.2 hereof, to convert all or any portion of the outstanding Principal Amount, Amount and/or accrued interest and fees due and payable thereon into fully paid and non-assessable nonassessable shares of the Common Stock at the Fixed Conversion Price. The shares of Common Stock of Borrower at to be issued upon such conversion are herein referred to as the Conversion Price, as defined below (the “Conversion Shares”)"CONVERSION SHARES."
Appears in 6 contracts
Sources: Secured Convertible Minimum Borrowing Note (Global Payment Technologies Inc), Secured Convertible Note (Conversion Services International Inc), Secured Convertible Note (Return on Investment Corp)
Optional Conversion. Subject to the terms of this Article III, the Holder shall have the right, but not the obligation, at any time after the Issuance Date and until the Maturity Date, or thereafter during an Event of DefaultDefault (as defined in Article V), and, subject to the limitations set forth in Section 3.2 hereof, to convert all or any portion of the outstanding Principal Amount, Amount and/or accrued interest and fees due and payable thereon into fully paid and non-assessable nonassessable shares of the Common Stock at the Fixed Conversion Price. The shares of Common Stock of Borrower at the Conversion Price, to be issued upon such conversion are herein referred to as defined below (the “Conversion Shares.”).
Appears in 6 contracts
Sources: Security Agreement (Electric City Corp), Secured Convertible Minimum Borrowing Note (Artemis International Solutions Corp), Secured Convertible Revolving Note (Electric City Corp)
Optional Conversion. Subject to the terms of this Article III, the Holder shall have the right, but not the obligation, at any time after the Issuance Date and until the Maturity Date, or thereafter during an Event of DefaultDefault (as defined in Article V), and, subject to the limitations set forth in Section 3.2 hereof, to convert all or any portion of the outstanding Principal Amount, Amount and/or accrued interest and fees due and payable thereon into fully paid and non-assessable nonassessable shares of the Common Stock at the Fixed Conversion Price. The shares of Common Stock of Borrower at to be issued upon such conversion are herein referred to as the Conversion Price, as defined below (the “"Conversion Shares”)."
Appears in 5 contracts
Sources: Secured Convertible Minimum Borrowing Note (Inyx Inc), Secured Convertible Note (Veridium Corp), Secured Convertible Minimum Borrowing Note (Hesperia Holding Inc)
Optional Conversion. Subject to the terms of this Article III, the Holder shall have the right, but not the obligation, at any time after the Issuance Date and until the Maturity Date, Date or thereafter during an Event of DefaultDefault (as defined in Article V), to convert all or any portion of the outstanding Principal Amount, Amount and/or accrued interest and fees due and payable thereon into fully paid and non-assessable nonassessable shares of Common Stock of Borrower at the Conversion Price, as defined below conversion price set forth in Section 3.2 (the “Conversion SharesPrice”). The shares of Common Stock to be issued upon such conversion are herein referred to as the “Conversion Shares.”
Appears in 4 contracts
Sources: Secured Convertible Note (Stockeryale Inc), Secured Convertible Note (Digital Angel Corp), Secured Convertible Note (Stockeryale Inc)
Optional Conversion. Subject to the terms of this Article III, the Holder shall have the right, but not the obligation, at any time after the Issuance Date and until the Maturity Date, Date or thereafter during an Event of DefaultDefault (as defined in Article V), to convert all or any portion of the outstanding Principal Amount, Amount and/or accrued interest and fees due and payable thereon into fully paid and non-assessable nonassessable shares of Common Stock of Borrower at the Conversion Price, as defined below conversion price set forth in Section 3.2 (the “Conversion Shares”"CONVERSION PRICE"). The shares of Common Stock to be issued upon such conversion are herein referred to as the "CONVERSION SHARES."
Appears in 2 contracts
Sources: Secured Convertible Note (Netguru Inc), Secured Convertible Note (Spacedev Inc)
Optional Conversion. Subject to the terms of this Article III, the Holder shall have the right, but not the obligation, at any time after the Issuance Date and until the Maturity Date, or thereafter during an Event of DefaultDefault (as defined in Article IV), and, subject to the limitations set forth in Section 3.2 hereof, to convert all or any portion of the outstanding Principal Amount, Amount and/or accrued interest and fees due and payable thereon into fully paid and non-assessable nonassessable shares of the Common Stock of Borrower at the Conversion Price, as defined below (the “Conversion Shares”).at
Appears in 1 contract
Sources: Secured Convertible Term Note (General Environmental Management, Inc)