Conversion Default. The Company shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market Price, at the Holder's option, as follows:
Appears in 19 contracts
Samples: Convertible Debenture (Dial Thru International Corp), Securities Purchase Agreement (Vitech America Inc), Securities Purchase Agreement (American International Petroleum Corp /Nv/)
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market applicable Conversion Price, at the HolderBorrower's option, as follows:
Appears in 5 contracts
Samples: Securities Purchase Agreement (Advanced BioPhotonics Inc.), Callable Secured Convertible Note Amendment (Midnight Holdings Group Inc), Callable Secured Convertible Note Amendment (Midnight Holdings Group Inc)
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of the Holder's ’s accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market applicable Conversion Price, at the Holder's Borrower’s option, as follows:
Appears in 3 contracts
Samples: Secured Convertible Note (Sentinel Emergency Response Technology, Inc.), Secured Convertible Note (Sentinel Emergency Response Technology, Inc.), Asset Purchase Agreement (Sentinel Emergency Response Technology, Inc.)
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market applicable Conversion Price, at the Holder's option, as follows:
Appears in 2 contracts
Samples: Securities Purchase Agreement (Peak Entertainment Holdings Inc), Securities Purchase Agreement (Vital Living Products Inc)
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of the Holder's accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market applicable Conversion Price, at the Holder's option, as follows:
Appears in 2 contracts
Samples: Securities Purchase Agreement (Infonautics Inc), Securities Purchase Agreement (Infonautics Inc)
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market Price, at the Holder's option, as follows:
Appears in 1 contract
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's ’s accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market applicable Conversion Price, at the Holder's ’s option, as follows:
Appears in 1 contract
Samples: Securities Purchase Agreement (Skybridge Wireless Inc)
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's Holders accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market applicable Conversion Price, at the Holder's Borrowers option, as follows:
Appears in 1 contract
Samples: Stock Purchase Agreement (Lux Digital Pictures, Inc.)
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market PricePrice (as defined in the Warrants), at the Holder's option, as follows:
Appears in 1 contract
Conversion Default. The Company shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into shares of Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market Price, at the Holder's option, as follows:
Appears in 1 contract
Samples: Senior Subordinated Debenture (Boston Biomedica Inc)
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of HolderXxxxxx's accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be he convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market applicable Conversion Price, at the Holder's option, as follows:
Appears in 1 contract
Samples: Secured Convertible Debenture (Mexoro Minerals LTD)
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, ,the Authorization Date and the amount of Holder's Holders accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market applicable Conversion Price, at the Holder's Borrowers option, as follows:
Appears in 1 contract
Samples: Stock Purchase Agreement (Lux Digital Pictures, Inc.)
Conversion Default. The Company Borrower shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's ’s accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at such time as there are sufficient authorized shares of Common Stock) at the Market applicable Conversion Price, at the Holder's Borrower’s option, as follows:
Appears in 1 contract
Samples: Securities Purchase Agreement (Mass Hysteria Entertainment Company, Inc.)
Conversion Default. The Company shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at 133 such time as there are sufficient authorized shares of Common Stock) at the Market Price, at the Holder's option, as follows:
Appears in 1 contract
Conversion Default. The Company shall send notice to the Holder of the authorization of additional shares of Common Stock, the Authorization Date and the amount of Holder's accrued Conversion Default Payments. The accrued Conversion Default Payments for each calendar month shall be paid in cash or shall be convertible into Common Stock (at 107 such time as there are sufficient authorized shares of Common Stock) at the Market Price, at the Holder's option, as follows:
Appears in 1 contract
