Common use of Partial Conversions Clause in Contracts

Partial Conversions. In the event of any partial conversions of outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding Principal Amount applying to Monthly Amounts for the Repayment Dates in chronological order.

Appears in 3 contracts

Sources: Secured Convertible Note (Stockeryale Inc), Secured Convertible Note (Stockeryale Inc), Secured Convertible Note (Stockeryale Inc)