Rights of Conversion Sample Clauses

Rights of Conversion. At the option of the Holder of each transaction, this Note shall be convertible into Ordinary Shares (“Conversion Shares”) of the Company on the terms and conditions set forth in this Section 5 (the “Right of Conversion”).

Rights of Conversion. In the event that the Closing does not occur on or before the Maturity Date, the Lender, in its sole discretion, upon five (5) days written notice to the Borrower, may elect to: (i) convert the principal amount of the Loan together with accrued Interest based on the Amended Interest Rate into equity securities of the Borrower ("Ordinary Shares"), based upon an agreed upon valuation of the Borrower of two million (US$2,000,000) US dollars; or (ii) pursue all remedies available to the rights of a creditor under the laws of the State of New York.

Rights of Conversion. 3.1.1 The Investor is entitled to the right of conversion, i.e., the Investor has the right to convert the amount of Debt Investment granted to the Company into an equal value of shares of equity of the Pubco. 3.1.2 To exercise the right of conversion, the Investor may either directly purchase shares of the Pubco, set up a foreign branch, or delegate a qualified third party to purchase stock of the Pubco. No additional consideration is required when the said entities subscribe for the Pubco’s shares. If the Investor is required to pay the Debt Investment to the Pubco’s offshore bank account according to any rules of NASDAQ, then as long as the Investor has provided the collateral agreed by both the Pubco and the Investor, the Company shall return the Debt Investment to the Pubco, and the Investor shall wire the Debt Investment to the offshore bank account of the Pubco upon receiving the Debt Investment at a time agreed by both parties.

Rights of Conversion. The Class F, Series 1 Shares or any of them, may, upon and subject to the terms and conditions hereinafter set forth, be converted at any time by the holder or holders thereof into fully paid shares of the Corporation as the same shall be constituted at the time of conversion, on the basis of one (1) Class A subordinate Voting Shares and one (1) Class B Multiple Voting Shares; or two

Rights of Conversion. Subject to the other provisions of this Certificate of Designation, each share of Series A Preferred shall be convertible, without payment of any additional consideration by the holder thereof and at the option of such holder, into 1,000 fully paid and nonassessable shares of Common Stock, plus accrued but unpaid dividends under Section 2, at the office of the Corporation or any transfer agent for such stock.

Rights of Conversion. Subject to the limitations on conver- sions contained in Section V of this Article IV, a holder of shares of Series A Preferred Stock may convert such shares into Common Stock at any time after their issuance except that the right to convert shares of Series A Preferred Stock called for redemption shall terminate at the close of business on the Business Day preceding the Redemption Date (as hereinafter defined) and shall be lost if not exercised prior to that time, unless the Corporation shall default in payment of the Redemption Price. For the purposes of conversion, each share of Series A Preferred Stock shall be valued at the Liquidation Preference (as hereinafter defined) which shall be divided by the Conversion Price (as hereinafter defined) in effect on the Conversion Date (as hereinafter defined) to determine the number of shares issuable upon conversion. Immediately following such conversion, the rights of the holders of converted Series A Preferred Stock shall cease and the persons entitled to receive the Common Stock upon the conversion of Series A Preferred Stock shall be treated for all purposes as having become the owners of such Common Stock. The Conversion Price shall initially be equal to $12.00 per share, and shall be (i) subject to adjustment in accordance with Annex A attached hereto and (ii) subject to further adjustment after their issuance pursuant to the provisions of this Article IV.

Rights of Conversion. For the purposes of or pending the discharge of any part of the Secured Debt the Chargee may convert any moneys received, recovered or realised or subject to application by the Chargee under this Debenture (including the proceeds of any previous conversion under this Clause) from his existing currency of denomination into such other currency of denomination as the Chargee may in its reasonable opinion think fit and any such conversion shall be effected at the then prevailing spot selling rate of exchange of any bank selected by the Chargee for such other currency against the existing currency. Each previous reference in this Clause to a currency extends to any funds of that currency and for the avoidance of doubt funds in one currency may be converted into different funds of the different currency.

Rights of Conversion. The Creditor may, at his sole option and discretion, elect to convert all or a portion of the Debt for common shares of IP pursuant to the following terms and conditions (a) The Creditor has the right to convert all, or a portion of the Debt owed and due to common shares of the Debtor at the conversion rate of one share per $1.00 of Debt owed and due. (b) In order to convert, the Creditor must mail a written notice to IP Promotions, Inc., ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇ Attn: Chief Executive Officer, specifically stating the amount of debt to be converted to shares. The notice must be mailed at least 15 days prior to conversion. (c) Neither this Agreement nor the Shares to be issued upon conversion have been registered under the Securities Act of 1933, as amended ("Securities Act"), or any state securities laws ("Blue Sky Laws"). Those shares acquired upon conversion are to be acquired for investment purposes and not with a view to distribution or resale and may not be pledged, hypothecated, sold, made subject to a security interest, or otherwise transferred without (i) an effective registration statement of the shares under the Securities Act and all applicable Blue Sky Laws, or (ii) an opinion of counsel, which opinion and counsel shall be reasonably satisfactory to the Company and its counsel, that registration is not required under the Securities Act or under any applicable Blue Sky Laws. Any shares issued upon conversion shall bear the same or a substantially similar legend as follows: THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED IN RELIANCE UPON THE REPRESENTATION OF THE HOLDER THAT THEY HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TOWARD THE RESALE OR OTHER DISTRIBUTION THEREOF, AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "FEDERAL ACT") OR THE SECURITIES LAWS OF ANY STATE IN RELIANCE UPON THE EXEMPTIONS FROM REGISTRATION CONTAINED THEREIN, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, ENCUMBERED OR OTHERWISE DISPOSED OF UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE FEDERAL ACT AND APPLICABLE STATE SECURITIES LAWS RELATING THERETO OR THE COMPANY IS SATISFIED REGISTRATION IS NOT REQUIRED. The Creditor hereof and the Debtor agree to execute all other documents and instruments as counsel for the Creditor reasonably deems necessary to effect the compliance of the issuance of the shares of Common Stock upon conversion with respect to applicable federal and state securities laws. (d)...

Rights of Conversion. Subject to the other provisions of this Certificate of Designation, each share of Series B Preferred shall be convertible, without payment of any additional consideration by the holder thereof and at the option of such holder, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Series B Original Issue Price by the Series B Conversion Price (as defined below) in effect at the time of