Conversion at Option of Holder. (A) This Debenture shall be convertible into shares of Common Stock at the option of the Holder, in whole or in part at any time and from time to time, after the Original Issue Date (subject to the limitations on conversion set forth in Section 4(a)(ii) hereof). The number of shares of Common Stock issuable upon a conversion hereunder equals the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted by (y) the Conversion Price (as defined in Section 4(c)(i)).
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Samples: Securities Purchase Agreement (Tidelands Oil & Gas Corp/Wa), Securities Purchase Agreement (Tidelands Oil & Gas Corp/Wa), Securities Purchase Agreement (Tidelands Oil & Gas Corp/Wa)
Conversion at Option of Holder. (A) This Debenture shall be convertible into shares of Common Stock at the option of the Holder, in whole or in part at any time and from time to time, after the Original Issue Date (subject to the limitations on conversion set forth in Section 4(a)(ii) hereof). The number of shares of Common Stock issuable upon a conversion hereunder equals the quotient obtained shall be determined by dividing (x) the outstanding principal amount of this Debenture to be converted converted, plus all accrued but unpaid interest thereon, by (y) the Conversion Price (as defined in Section 4(c)(i)).Conversion
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Conversion at Option of Holder. (A) This Debenture shall be convertible into shares of Common Stock Ordinary Shares at the option of the Holder, in whole or in part at any time and from time to time, after the Original Issue Date (subject to the limitations on conversion set forth in Section 4(a)(ii) hereof). The number of shares of Common Stock Ordinary Shares issuable upon a conversion hereunder equals the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted by (y) the Conversion Price (as defined in Section 4(c)(i)).
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