Common use of Rollover Rights Clause in Contracts

Rollover Rights. For so long as the Notes are outstanding and in the event that the Company shall consummate a public offering or a private placement of its equity, equity-linked, or debt securities, the Investor shall have the right, but not the obligation, in its sole and absolute discretion, to apply any or all of the Company’s obligations under the Note, calculated as a Mandatory Default Amount, as a subscription to such offering or placement.