Conversion at Maturity. (a) Each Note shall automatically convert (unless previously converted at the option of the Holder in accordance with Section 2.4 hereof, or pursuant to an exercise of a Cash Acquisition Conversion right in accordance with Section 2.5 hereof, or pursuant to an Optional Tax Conversion in accordance with Section 2.10, and subject to full or partial cash settlement pursuant to Section 2.9) on the Maturity Date into a number of ADSs at the Conversion Rate set forth in Section 2.3(b).
Conversion at Maturity. On the Dividend Maturity Date, all remaining outstanding Series A Preferred Stock will automatically be converted into shares of Common Stock.
Conversion at Maturity. On the second anniversary of the Issue Date ---------------------- (the "Maturity Date"), all Preferred Shares then held by the Holders (and with ------------- respect to which a Holder has not submitted a Notice of Conversion) shall be automatically converted into the number of shares of Common Stock equal to the Stated Value of such Preferred Shares divided by the Conversion Price then in ------- effect (a "Conversion at Maturity"); provided, however, that if, on the Maturity ---------------------- Date, (i) the number of shares of Common Stock authorized, unissued and unreserved for all other purposes, or held in the Corporation's treasury, is not sufficient to effect the issuance and delivery of the number of Conversion Shares into which all outstanding Preferred Shares are then convertible, (ii) the Common Stock is not actively traded on the Nasdaq National Market, (iii) a Mandatory Redemption Event (as defined herein) has occurred and is continuing, (iv) the conversion of a Holder's Preferred Shares pursuant to the Conversion at Maturity would violate the provisions of Section 5 below (provided, however, that in such event the Conversion at Maturity would apply solely to those Preferred Shares the conversion of which would not violate Section 5 as of the Maturity Date and provided, further, that the determination on the Maturity Date of a Holder's beneficial ownership of Common Stock pursuant to paragraph 5(b) above shall exclude any shares of Common Stock acquired by such Holder otherwise than pursuant to the conversion or exercise of securities owned by such Holder outstanding on the date hereof), or (v) the Registration Statement (as defined in the Registration Rights Agreement) is not effective and available for the resale of all Conversion Shares and Warrant Shares issuable on the Maturity Date upon the conversion or exercise of all Preferred Shares and Warrants then outstanding (without regard to any limitations on such conversion or exercise), each Holder shall have the option, upon written notice to the Corporation, to regain its rights as a holder of Preferred Shares (which, in the circumstances described in clause (iv) above, would comprise the Preferred Shares not converted pursuant to the proviso of clause (iv)), including without limitation, the right to convert such Preferred Shares in accordance with the terms of paragraphs 4(a) through 4(f) hereof and, upon delivery of such notice, such Preferred Shares shall not be subject to a Conve...
Conversion at Maturity. If the Notes have not been previously converted prior to the Maturity Date (as such term is defined in the Notes), upon the written election of the Purchaser Majority the entire unpaid principal amount and unpaid accrued interest (if any) of each Note shall be automatically converted into that number of shares of the Company’s Series C-2 Preferred equal to the quotient of (i) the outstanding principal amount plus unpaid accrued interest (if any) divided by (ii) the Series C-2 Original Issue Price.
Conversion at Maturity. To the extent that the Outstanding Amount is not earlier reapid in cash or converted pursuant to the provisions of this Section 2, on the Maturity Date, the Outstanding Amount shall be automatically converted into shares of Common Stock at the Conversion Price, subject to adjustment as provided herein.
Conversion at Maturity. If a Conversion Event does not occur prior to the Maturity Date and absent an Event of Default on the Maturity Date (the “Maturity Conversion Event”), all of the outstanding amount of each of the Notes shall be automatically converted within five (5) Business Days from the Maturity Date to such number of fully paid and non-assessable Series C Preferred Shares (the “Maturity Conversion Shares”) as is equal to (x) the outstanding amount of each of the Notes, divided by (y) the quotient of (A) US$255 million (being 85% times US$300 million) divided by (B) the total number of outstanding equity shares of the Company on the Maturity Date which shall include any shares issued or reserved for issuance under any Benefit Plan of the Company, but excluding the Maturity Conversion Shares (the Maturity Conversion Price).
Conversion at Maturity. If a Conversion Event does not occur prior to the Maturity Date and absent an Event of Default on or prior to the Maturity Date (the “Maturity Conversion Event”), all of the outstanding amount of this Note shall be automatically converted within five (5) Business days from the Maturity Date to such number of fully paid and non-assessable Series C Preferred Shares (the “Maturity Conversion Shares”) as is equal to (x) the outstanding amount of this Note, divided by (y) the then applicable Maturity Conversion Price (as defined below).
Conversion at Maturity. If this Bond is not earlier repaid in accordance with Section 2 or converted in accordance with Section 3.1.1 and the Company issues and sells shares of its Equity Securities (defined below) to venture capital, institutional or other investors on or before the Maturity Date in an equity financing resulting in gross proceeds to the Company of at least USD 10,000,000 (whether in a single or multiple closings, and excluding the conversion of this Bond) (a “Qualified Transaction”), then at any time on or after the Maturity Date, the Company shall have the option to (a) repay all outstanding principal and accrued unpaid interest of the Bond or (b) convert all or any portion of the outstanding principal and accrued unpaid interest into such number of Common Shares equal to the principal amount and all accrued unpaid interest thereon to be converted hereunder divided by the Conversion Price. “Equity Securities” means the Company’s capital stock or any securities conferring the right to purchase the Company’s capital stock or securities convertible into, or exchangeable for (with or without additional consideration), the Company’s capital stock.
Conversion at Maturity. At any time on or after the Maturity Date, the Company may force Conversion of any remaining unpaid principal and interest on the terms and conditions described in Section 3 herein.
Conversion at Maturity. To the extent that the Loan Amount is not earlier repaid or converted pursuant to the provisions of this Section 2, on the Maturity Date, the Outstanding Amount shall be (1) payable in cash, or (2) convertible into shares of Common Stock of Borrower at the Conversion Price, in each case at the option of the Lender.
