Other Conversion Limitations. The Holder agrees that, except as set forth below, it shall not convert more than an aggregate of $500,000 of Conversion Amount of this Note and any Other Notes held by the Holder in any consecutive 30-day period. The limitations agreed by the Holder in this section shall not apply (i) at any time upon the occurrence and during the continuance of an Event of Default, and (ii) with respect to any conversions where the Conversion Price is greater than or equal to the Fixed Price. This limitation may be waived with the consent of the Company.
Appears in 3 contracts
Sources: Convertible Promissory Note (SMX (Security Matters) Public LTD Co), Convertible Promissory Note (SMX (Security Matters) Public LTD Co), Reciprocal Standby Equity Purchase Agreement (Lionheart III Corp)