Common use of Conversion Default Clause in Contracts

Conversion Default. With respect to outstanding obligations under any Note, any breach by the Company with respect to its obligations to issue shares of Common Stock upon conversion of such Note pursuant to Section 3 thereof.

Appears in 2 contracts

Samples: Loan Agreement (Softbank Holdings Inc Et Al), Loan Agreement (First Virtual Holdings Inc)

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Conversion Default. With respect to outstanding obligations under any the Convertible Subordinated Note, any breach by the Company with respect to its obligations to issue shares of Common Stock upon conversion of such the Convertible Subordinated Note pursuant to Section 3 thereof.

Appears in 2 contracts

Samples: Subordinated Loan Agreement (Softbank Holdings Inc Et Al), Subordinated Loan Agreement (Global Sports Inc)

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Conversion Default. With respect to outstanding obligations under any the Convertible Note, any breach by the Company with respect to its obligations to issue shares of Common Stock upon conversion of such the Convertible Note pursuant to Section 3 thereof.

Appears in 1 contract

Samples: Loan Agreement (Peoplepc Inc)

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