Common use of Other Conversion Limitations Clause in Contracts

Other Conversion Limitations. During any calendar month period, the Holder agrees that it shall not convert, together with its affiliates, more than an aggregate amount of Principal equal to the greater of (a) 15% of the aggregate of the Daily Traded Value on each Trading Day during such calendar month period, or (2) $750,000; provided, however, that the foregoing limitation in this Section (3)(c)(iii) shall not apply (A) at any time upon the occurrence and during the continuance of an Event of Default, and (B) with respect to any conversions where the Conversion Price is greater than or equal to the Fixed Price, and may be waived with written consent of the Company.