Conversion and Exercise Limitation Clause Samples
Conversion and Exercise Limitation. Conversion is limited to the terms and conditions set forth in Section 2.1 and limited to the terms and conditions within the Convertible Promissory Note in Exhibit A. Conversion is limited to the terms and conditions set forth in Section 2.1 and limited to the terms and conditions within the Convertible Promissory Note in Exhibit A. Commencing as of the date first above written in the Convertible Promissory Note, and until the sooner of the twelve (12) month anniversary of the Closing Date, the Investors shall not sell or dispose of Common Stock of more than 5% of the daily composite trading volume of the Common Stock as reported by Bloomberg, LP for any trading day for the principal trading market for the Common Stock.
Conversion and Exercise Limitation. Each Investor shall have the right to convert its Note to the Conversion Shares, or to exercise its Warrant to receive the Warrant Shares, or both, at any time and from time to time hereafter; provided, however, that the Investor may not sell either the Conversion Shares nor the Warrant shares unless and until (a) a registration statement registering such shares for sale shall have been filed and become effective; or (b) an exemption from such registration is available to the Investor; and further provided, that the Investor agrees that it shall not sell in any one day more than 10% of the daily trading volume of the Company’s stock on the NYSE American (or such other market on which the Company’s shares may be traded).
Conversion and Exercise Limitation. Conversion is limited to the terms and conditions set forth in section 2.1 and limited to the terms and conditions within the Convertible Promissory Note in Exhibit A. Holder may exercise at Its discretion at any time during the 18-month period of the note.