Conversion of Note definition

Conversion of Note means the conversion of all or part of the Note into Shares in FRS, as described in Section 2.9 of this Agreement.
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Conversion of Note. At any time prior to payment in full of the entire principal balance, plus accrued interest thereon, and upon five (5) days' prior written notice, Noteholders shall have the right, at the Noteholders' option, which election by the Noteholders must be unanimous and evidenced by a written election form signed by all of the Noteholders and delivered to the Company, to convert the principal and accrued interest on this Note, in whole or in part, into Conversion Stock at the Conversion Price. Conversion under this Section 10 shall occur only upon surrender of this Credit Line/Note for conversion at the principal offices of the Company, accompanied by written notice of election to convert that is signed by all of the Noteholders.
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Related to Conversion of Note

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

  • Conversion Request means (a) the irrevocable request to be given by a Securityholder to the Conversion Agent directing the Conversion Agent to convert the Securities into shares of Common Stock and (b) the irrevocable request to be given by a holder of Preferred Securities to the Conversion Agent directing the Conversion Agent to exchange such stock on behalf of such holder.

  • Form of Note means the “Form of Note” attached hereto as Exhibit A.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Form of Notice of Conversion means the “Form of Notice of Conversion” attached as Attachment 1 to the Form of Note attached hereto as Exhibit A.