Conversion; Conversion Ratio; Valuation Event Clause Samples
Conversion; Conversion Ratio; Valuation Event. At the option of the Company, this Debenture may be converted, either in whole or in part, up to the full Principal Amount plus accrued interest hereof into Common Shares at any time and from time to time on any Business Day, subject to compliance with Section 3.2. The number of Common Shares into which this Debenture may be converted is equal to the dollar amount of the Debenture being converted multiplied by one (1) the “Conversion Ratio”. In the event of any recapitalization or reorganization, the Conversion Ratio shall be adjusted accordingly.
Conversion; Conversion Ratio; Valuation Event. At the option of the Holder, this Debenture may be converted, either in whole or in part, up to the full Principal Amount plus accrued interest into Common Shares (calculated as to each such conversion to the nearest whole share, at any time up to the Maturity Date and from time to time on any Business Day, subject to compliance with Section 3.2 and 3.3. The number of Common Shares into which this Debenture may be converted is equal to the dollar amount of the Debenture being converted divided by the “Conversion Ratio”. In the event of any recapitalization or reorganization following execution of this Debenture, the Conversion Ratio shall be adjusted accordingly.
Conversion; Conversion Ratio; Valuation Event. At the option of the Holder, this Debenture may be converted, either in whole or in part, up to the full Principal Amount plus accrued interest hereof into Common Shares (rounded up to the next whole number), at any time and from time to time on any Business Day, subject to compliance with Section 3.2. The number of Common Shares into which this Debenture may be converted is equal to the dollar amount of the Debenture being converted divided by $0.70 per share.
Conversion; Conversion Ratio; Valuation Event. At the option of the Holder and at any time or from time to time, and up to and including the Maturity Date, this Debenture may be converted, either in whole or in part, up to the full Principal Amount plus accrued interest into Common Shares (calculated as to each such conversion to the nearest whole share) at any time and from time to time on any Business Day, subject to compliance with Section 3.2. The number of Common Shares into which this Debenture may be converted is equal to the number resulting from application of the Conversion Ratio at the time of delivery of the Conversion Notice. In the event of any recapitalization, reorganization or issuance of Common Shares at a price less than then existing Conversion Price (as provided in Section 3.5), the Conversion Ratio shall be adjusted as provided in Section 3.5.