Conversion at Lenders Election. (i) Lender may elect at any time and from time to time after the Closing Date prior to the payment in full of the Secured Obligations to convert any portion of the Secured Obligations then outstanding (the “Conversion Amount”) into shares of Common Stock (“Conversion Shares”) at the Conversion Price pursuant to a Conversion Election Notice, to be delivered at the direction of Lenders by the Agent to Parent. On the second (2nd) trading day after a Conversion Election Notice has been duly delivered in accordance with the foregoing, Parent shall credit to Lender a number of Conversion Shares equal to (x) the Conversion Amount indicated in the applicable Conversion Election Notice divided by (y)
Conversion at Lenders Election
