Common use of Right of Conversion; Conversion Price Clause in Contracts

Right of Conversion; Conversion Price. A. The Holder shall have the right, at his option, at any time during usual business hours to convert the principal and accrued interest of this Convertible Note owned by the Holder into fully paid and non-assessable shares of Common Stock at the rate of .025 per share (the “Conversion Price”) which price shall be payable by surrender of this Convertible Note.

Appears in 1 contract

Sources: Convertible Note (Delta Entertainment Group, Inc.)

Right of Conversion; Conversion Price. A. The Holder shall have the right, at his option, at any time during usual business hours to convert the principal and accrued interest of this his Convertible Note owned by the Holder into fully paid and non-assessable shares of Common Stock at the rate of .025 per $0.01 of principal for each share of Common Stock (the "Conversion Price") which price per share shall be payable by surrender of this Convertible Note.

Appears in 1 contract

Sources: Convertible Note (Apollo Entertainment Group, Inc.)

Right of Conversion; Conversion Price. A. The Holder shall have the right, at his option, at any time during usual business hours to convert the principal and accrued interest of this Convertible Note owned by the Holder into fully paid and non-assessable shares of Common Stock at the rate of .025 .05 per share (the “Conversion Price”) which price shall be payable by surrender of this Convertible Note.

Appears in 1 contract

Sources: Convertible Note (Delta Entertainment Group, Inc.)

Right of Conversion; Conversion Price. A. The Holder shall have the right, at his option, at any time during usual business hours to convert the principal and accrued interest of this Convertible Note owned by the Holder into fully paid and non-assessable shares of Common Stock at the rate of .025 per $0.01 of principal for each share of Common Stock (the "Conversion Price") which price per share shall be payable by surrender of this Convertible Note.

Appears in 1 contract

Sources: Convertible Note (Pop Starz Records, Inc.)

Right of Conversion; Conversion Price. A. The Holder shall have the right, at his option, at any time during usual business hours to convert the principal and accrued interest of this Convertible Note owned by the Holder into fully paid and non-assessable shares of Common Stock at the rate of .025 per share $0.01 (the “Conversion Price”) which price per share shall be payable by surrender of this Convertible Note.

Appears in 1 contract

Sources: Convertible Note (Delta Entertainment Group, Inc.)

Right of Conversion; Conversion Price. A. The Holder shall have the right, at his option, at any time during usual business hours to convert the principal and accrued interest of this Convertible Note owned by the Holder into fully paid and non-assessable shares of Common Stock at the rate of .025 per share $0.01 (the "Conversion Price") which price per share shall be payable by surrender of this Convertible Note.

Appears in 1 contract

Sources: Convertible Note (Alpha Music MFG Corp.)