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 Amount and interest and fees to be converted, if any, by the then applicable 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 4 contracts
Samples: Convertible Note (Goldspring Inc), Secured Convertible Note (Conolog Corp), Convertible Note (Goldspring 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 Amount principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
(b) The Conversion Price and number and kind . In the event of shares or other securities any conversions of a portion of the outstanding Principal Amount pursuant to be issued upon conversion this Article III, such conversions shall be subject deemed to adjustment from time constitute conversions of the outstanding Principal Amount applying to time upon Monthly Amounts for the happening of certain events while this conversion right remains outstanding, as follows:remaining Amortization Dates in chronological order.
Appears in 2 contracts
Samples: Secured Convertible Term Note (New Century Energy Corp.), Secured Convertible Term Note (Windswept Environmental 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 Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion PricePrice (as applicable, the “Conversion Shares”).
(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 2 contracts
Samples: Asset Purchase Agreement (Attitude Drinks Inc.), Asset Purchase Agreement (Attitude Drinks 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 Amount and interest and fees to be converted, if any, by the then applicable 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 1 contract
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 Amount principal and interest and fees to be converted, if any, by the then applicable Conversion Price.
(b) On the issue date hereof and until such time as an adjustment shall occur, the Conversion Price shall be $0.20 per share. The Conversion Price and number and kind of shares or other securities to be issued upon conversion shall be is subject to adjustment from time to time upon the happening occurrence of certain events while this conversion right remains outstandingevents, as follows:
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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 will be determined by dividing that portion of the 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 will 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
Samples: Convertible Note (Trend Mining Co)
Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III II shall be determined by dividing that portion of the 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
Samples: Convertible Note (INCA Designs 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 Amount principal and interest and fees to be converted, if any, by the then applicable 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. The Conversion Price and number and kind of shares or other securities to be issued upon conversion shall be is subject to adjustment from time to time upon the happening occurrence of certain events while this conversion right remains outstandingevents, as follows:
Appears in 1 contract
Samples: Secured Convertible Term Note (Trimedia Entertainment 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 Amount principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.
(b) The Conversion Price and number and kind . In the event of shares or other securities any conversions of a portion of the outstanding Principal Amount pursuant to be issued upon conversion this Article III, such conversions shall be subject deemed to adjustment from time constitute conversions of the outstanding Principal Amount applying to time upon Monthly Amounts for the happening of certain events while this conversion right remains outstanding, as follows: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 pursuant to this Article III II shall be determined by dividing that portion of the 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 1 contract
Samples: 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 Amount principal and interest and fees to be converted, if any, by the then applicable Conversion Price.
(b) On the issue date hereof and until such time as an adjustment shall occur, the Conversion Price shall be US$0.20 per share. The Conversion Price and number and kind of shares or other securities to be issued upon conversion shall be is subject to adjustment from time to time upon the happening occurrence of certain events while this conversion right remains outstandingevents, as follows:
Appears in 1 contract