Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
Appears in 56 contracts
Samples: Secured Convertible Term Note (American Technologies Group Inc), Secured Convertible Minimum Borrowing Note (American Technologies Group Inc), Secured Revolving Note (Dynamic Health Products Inc)
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding Principal Amount applying to Monthly Amounts for the remaining Amortization Dates in chronological order.
Appears in 43 contracts
Samples: Securities Purchase Agreement (Modtech Holdings Inc), Securities Purchase Agreement (Standard Management Corp), Secured Convertible Term Note (American Technologies Group Inc)
Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
(b) The Fixed Conversion Price and number and kind of shares or other securities to be issued upon conversion shall be subject to adjustment from time to time upon the happening of certain events while this conversion right remains outstanding, as follows:
Appears in 21 contracts
Samples: Subscription Agreement (BioElectronics Corp), Subscription Agreement (NextMart Inc.), Convertible Note (BioMETRX)
Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
Appears in 10 contracts
Samples: Subscription Agreement (Hq Sustainable Maritime Industries, Inc.), Convertible Note (Canwest Petroleum Corp), Convertible Note (SiVault Systems, Inc.)
Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article II shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion PricePrice .
(b) The number and kind of shares or other securities to be issued upon conversion shall be subject to adjustment from time to time upon the happening of certain events while this conversion right remains outstanding, as follows:
Appears in 9 contracts
Samples: Subordinated Convertible Note (Accident Prevention Plus Inc), Subordinated Convertible Note (Accident Prevention Plus Inc), Subordinated Convertible Note (Accident Prevention Plus Inc)
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note Debenture shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
Appears in 7 contracts
Samples: Convertible Security Agreement (Tauriga Sciences, Inc.), Convertible Debenture (Tauriga Sciences, Inc.), Convertible Debenture (Tauriga Sciences, Inc.)
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Amended and Restated Note shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
Appears in 3 contracts
Samples: Convertible Note (RespireRx Pharmaceuticals Inc.), Convertible Note (RespireRx Pharmaceuticals Inc.), Convertible Note (RespireRx Pharmaceuticals Inc.)
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
Appears in 2 contracts
Samples: Convertible Term Note (Incentra Solutions, Inc.), Convertible Term Note (Incentra Solutions, Inc.)
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
Appears in 2 contracts
Samples: Secured Convertible Note (Airnet Communications Corp), Secured Convertible Minimum Borrowing Note (Airnet Communications Corp)
Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
(b) On the issue date hereof and until such time as an adjustment shall occur, the Conversion Price shall be $.50 per share of common stock. The Conversion Price and number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:
Appears in 2 contracts
Samples: Convertible Term Note (Trimedia Entertainment Group Inc), Convertible Term Note (Trimedia Entertainment Group Inc)
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.
Appears in 1 contract
Samples: Secured Convertible Term Note (Elec Communications Corp)
Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note Debenture shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
(b) The Conversion Price and number and kind of shares or other securities to be issued upon conversion shall be subject to adjustment from time to time upon the happening of certain events while this conversion right remains outstanding, as follows:
Appears in 1 contract
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding Principal Amount applying to Monthly Amounts for the remaining Amortization Dates in chronological order.
Appears in 1 contract
Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
(b) On the issue date hereof and until such time as an adjustment shall occur, the Conversion Price shall be $0.10 per share. The Conversion Price and number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the occurrence of certain events, as follows:
Appears in 1 contract
Samples: Convertible Term Note (Cryomass Technologies, Inc.)
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. The issuance of Conversion Shares to the Holder shall be deemed payment for that portion of the principal and interest and fees, if any, that were converted.
Appears in 1 contract
Samples: Secured Convertible Minimum Borrowing Note (House of Brussels Chocolates Inc)
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding Principal Amount applying to Monthly Principal Amounts for the remaining Amortization Dates in chronological order.
Appears in 1 contract
Samples: Secured Convertible Term Note (Earthfirst Technologies Inc)
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and principal, interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
Appears in 1 contract
Samples: Secured Revolving Note (Airnet Communications Corp)
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. .
Appears in 1 contract
Samples: Convertible Term Note (China Aoxing Pharmaceutical Company, Inc.)
Conversion Mechanics. The number of shares of Common Stock to be --------------------- issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding Principal Amount applying to Monthly Amounts for the remaining Amortization Dates in chronological order.
Appears in 1 contract
Samples: Secured Convertible Term Note (New Century Energy Corp.)
Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note Judgment pursuant to this Section 1 shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
Appears in 1 contract
Samples: Judgment Conversion Agreement (Quest Minerals & Mining Corp)
