Partial Conversion. (1) The conversion rights under Section 5.1 may be exercised with respect to any part of this Debenture, provided such part is an integral multiple of one thousand ($1,000) dollars and all accrued and unpaid interest thereon, and all references in this Debenture to exercise of conversion rights and surrender of this Debenture in payment of the subscription price of Common Shares shall be deemed to include exercise of conversion rights with respect to any such part. (2) The Holder of any Debenture of which part only is transferred to the Company in payment of the subscription price of Common Shares shall, upon the exercise of his, her or its right to convert into Common Shares or the right of the Company to require such conversion surrender such Debenture to the Transfer Agent and the Transfer Agent shall cancel the same and shall, without expense to the Holder, forthwith certify, and deliver to the Holder a new Debenture or Debentures identical in all material respects to this Debenture, but in an aggregate principal amount of the Debenture so surrendered with respect to which the Holder has not exercised, his, her or its conversion rights.
Appears in 5 contracts
Sources: Subscription Agreement (Newgioco Group, Inc.), Subscription Agreement (Newgioco Group, Inc.), Subscription Agreement (Newgioco Group, Inc.)