Conversion and Exchange. The Notes are not convertible into, or exchangeable for, equity securities, other securities or assets of the Company or its Subsidiaries.
Conversion and Exchange. If any debt securities will be convertible into or exchangeable for our common stock, preferred stock or other securities, the applicable prospectus supplement will set forth the terms and conditions of the conversion or exchange, including: · the conversion price or exchange ratio; · the conversion or exchange period; · whether the conversion or exchange will be mandatory or at the option of the holder or us; · provisions for adjustment of the conversion price or exchange ratio; and · provisions that may affect the conversion or exchange if the debt securities are redeemed.
Conversion and Exchange. (a) This Note shall be convertible, in whole or in part, into SHARES of Bion's restricted and legended common stock (subject to the provisions of SECTION 6 (e) below) at the Conversion Price at any time at election of Holder. The initial Conversion Price shall be $.60 per ("Conversion Price").
Conversion and Exchange. (a) This Note shall be convertible, in whole or in part, into shares of Bion's Common Stock at the price of $4.00 per share ("Conversion Price") at any time at election of Xxxxxx.
(b) In addition, the Holder shall have the option to elect to exchange this Note, at its initial principal amount plus accrued interest, into securities that are substantially identical to securities that the Company sells in any offering prior to an offering in which the Company raises more than $3,000,000;
(c) The Company shall have the right to exchange this Note, at its initial principal amount plus accrued interest, into its Common Stock at the lower of $4.00 per share or the price of an offering which raises $3,000,000 or more, upon completion of such offering;
Conversion and Exchange. On the terms and subject to the conditions set forth in this Agreement, at the Closing (as defined below) the Obligations shall be deemed converted and satisfied in full in return for the issuance to the Holder of 514,893 shares of Common Stock (the “Exchange Shares”).
Conversion and Exchange. The Board shall have the authority to provide that the Participants in any Series shall have the right to convert or exchange the Shares of such Series for or into Shares of one or more other Series in accordance with such requirements and procedures as may be established by the Board.
Conversion and Exchange. (a) This Note shall be convertible, in whole or in part, into UNITS of Bion's securities at the Conversion Price. The initial Conversion Price shall be $.50 per Unit (defined in Exhibit A hereto) ("Conversion Price"), at any time at election of Holder.
Conversion and Exchange. 44 8.8. Certain Conversion and Exchange Procedures..................45 8.9. Signatures; Facsimile.......................................47 8.10. Lost, Stolen or Destroyed Certificates.....................47 8.11. Registration and Transfer of LLC Units.....................47 8.12. Transfer Agent, Exchange Agent and Registrar...............47 ARTICLE IX
Conversion and Exchange. 8.1 On or before the Maturity Date, if the Payor completes an equity financing, of Preferred Stock, Common Stock or a combination of either stock for at least $2,000,000 (the “Next Financing), the principal and interest outstanding under this Note will automatically convert into shares of the Payor’s Common Stock (the “Conversion Shares”) at the rate of $0.58. The Conversion Shares will have the same registration rights equal to the most favorable as common stock in the Next Financing or any subsequent financing.
8.2 On or before the Maturity Date, if the Payor completes a Merger Transaction described in Section 4.1 above, then the Payee shall have the option for thirty (30) days prior to this Acceleration Date to convert all or part of the principal and accrued interest outstanding under this Note into Conversion Shares at the rate of $0.58, subject to adjustment as described herein.
8.3 Exercise of Conversion shall be made by Payee delivering to Payor a notice (each, a “Conversion Notice”), stating the principal amount which Payee has converted and the number of Conversion Shares to be issued in connection with such conversion, which number of Conversion Shares shall be conclusive absent manifest error. The issuance of the Conversion Shares shall be deemed to have occurred as of the date of the giving of a Conversion Notice with respect to such Conversion Shares.
8.4 Upon the giving of a Conversion Notice, Payee shall tender to Payor this Note for cancellation against receipt by Payee of a stock certificate, registered in the name of Payee, evidencing ownership of the number of Conversion Shares subject to such Conversion Notice. As soon as practicable following the receipt of this Note upon the giving of such Conversion Notice, but no later than ten business days following such receipt, Maker shall tender to Payee a stock certificate, registered in the name of Payee, evidencing ownership of such Conversion Shares by Payee.
8.5 No fractional Conversion Shares shall be issued upon conversion of this Note and Payor shall exercise the Conversion Right in such a manner so that only whole integrals of Conversion Shares shall be issuable upon exercise of a Conversion Right.
8.6 Conversion of this Note shall be deemed to have been made at the close of business on the date the Conversion Notice is delivered to Payor, so that interest shall not accrue from and after such date on which the principal amount of this Note converted and the person or persons entitled ...
Conversion and Exchange. At the Merger Time,
(a) each share of Georgia Power Common Stock issued and outstanding immediately prior to the Merger shall remain issued and outstanding;
(b) each share of Georgia Power $4.60 Preferred Stock issued and outstanding on the date hereof shall have been redeemed;
(c) the issued and outstanding shares of Savannah Electric Common Stock, all of which shall continue to be held by Southern until the Merger Time, without further action on the part of anyone, shall be converted into the right to receive an aggregate of 1,500,000 shares of Georgia Power Common Stock; and
(d) each share of Savannah Electric 6.00% Preferred Stock issued and outstanding immediately prior to the Merger shall, without further action on the part of anyone, be converted into the right to receive one share of a new series of Georgia Power Class A Preferred Stock, non-cumulative, par value $25 per share, which shall be designated as Georgia Power's "6 1/8% Series Class A Preferred Stock."
