Common use of Conversion Method Clause in Contracts

Conversion Method. All parties agree that Party D shall issue shares in consideration of the loans before June 30, 2016 in accordance with the Agreement. When Party D completes relevant registrations for share issuance to Party B, it shall be deemed that the debt owed to Party B has been fully paid off. Party D no longer owes anything to Party B, and Party B releases Party D from all obligations and liabilities.

Appears in 6 contracts

Samples: Convertible Debt Investment Agreement (Newater Technology, Inc.), Convertible Debt Investment Agreement (Newater Technology, Inc.), Convertible Debt Investment Agreement (Newater Technology, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!