Common use of Conversion Privilege Clause in Contracts

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this Debenture into shares of Common Stock at any time following the Closing Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 41 contracts

Samples: www.sec.gov, Debenture Agreement (Challenger Powerboats, Inc.), Debenture Agreement (Challenger Powerboats, Inc.)

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Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this the Convertible Debenture into shares of Common Stock at any time following the Convertible Closing Date and which is before the close of business on the Convertible Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this the Convertible Debenture is shall be determined pursuant to Section 3.2 and rounding 4.3, but the result number of shares issuable shall be rounded up or down, as the case may be, to the nearest whole share.

Appears in 6 contracts

Samples: Purchase Order Financing Agreement (Challenger Powerboats, Inc.), Financing Agreement (Challenger Powerboats, Inc.), Factoring and Security Agreement (Siena Technologies, Inc.)

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this Debenture it into shares of Common Stock at any time following the Closing Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c3.1(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 4.2 and rounding the result to the nearest whole share.

Appears in 5 contracts

Samples: Debenture Agreement (Newave Inc), Debenture Agreement (Newave Inc), Debenture Agreement (Newave Inc)

Conversion Privilege. (a) The Holder of this Debenture Preferred shall have the right to convert any and all amounts owing under this Debenture Preferred into shares of Common Stock at any time following the Closing Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture Preferred is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 5 contracts

Samples: Convertible Redeemable Preferred Stock Agreement (Challenger Powerboats, Inc.), Convertible Redeemable Preferred Agreement (Challenger Powerboats, Inc.), Redeemable Preferred Agreement (Challenger Powerboats, Inc.)

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this Debenture into shares of Common Stock at any time following the Closing Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result up to the nearest whole share.

Appears in 4 contracts

Samples: Debenture Agreement (Enigma Software Group, Inc), Debenture Agreement (Execute Sports Inc), Debenture Agreement (Locateplus Holdings Corp)

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this Debenture it into shares of Common Stock at any time following the Closing Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c3.1(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 4 contracts

Samples: Hyperdynamics Corp, Hyperdynamics Corp, Debenture Agreement (Hyperdynamics Corp)

Conversion Privilege. (a) The Holder of this Debenture shall have the right right, at its option, to convert any and all amounts owing under this Debenture it into shares of common stock, par value $0.01 per share, of the Company ("Common Stock Stock") at any time following the Closing Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c3.1(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 3 contracts

Samples: Swissray International Inc, Swissray International Inc, Swissray International Inc

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this Debenture into shares of Common Stock at any time following the Closing Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c3.1(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 2 contracts

Samples: Debenture Agreement (Hybrid Fuel Systems), Debenture Agreement (Securac Corp)

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this Debenture into shares of Common Stock at any time following the Closing Issuance Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c) 3.2 below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 2 contracts

Samples: Debenture Agreement (Eagle Broadband Inc), Original Agreement (Eagle Broadband Inc)

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this Debenture into shares of Common Stock at any time following the Closing Issuance Date and which is on or before the close of business on the Maturity Date, except as set forth in Section 3.2(c) 3.2, below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result up to the nearest whole share.

Appears in 1 contract

Samples: Debenture Agreement (Simplagene Usa Inc)

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this the Convertible Debenture into shares of Common Stock at any time following the Convertible Closing Date and which is before the close of business on the Convertible Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this the Convertible Debenture is shall be determined pursuant to Section 3.2 and rounding Article 4, but the result number of shares issuable shall be rounded up or down, as the case may be, to the nearest whole share.

Appears in 1 contract

Samples: Purchase Order Financing Agreement (Logistical Support, Inc)

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this Debenture it into shares of Common Stock at any time following and from time to time from the Closing Date and until a date which is before one hundred eighty (180) days from the close of business on the Maturity Closing Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 1 contract

Samples: 5 G Wireless Communications Inc

Conversion Privilege. (a) The Holder of this Debenture Debenture, with written consent of the Company shall have the right to convert any and all amounts owing under this Debenture it into shares of Common Stock at any time following the Closing 144A Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 1 contract

Samples: Jane Butel Corp

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Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this Debenture it into shares of Common Stock at any time following the Closing Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c3.1(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined not to exceed the face amount, interest and accrued penalties as stated above and pursuant to Section 3.2 and rounding the result to the nearest whole share.,

Appears in 1 contract

Samples: Debenture Agreement (Jane Butel Corp)

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this the Convertible Debenture into shares of Common Stock at any time following the Convertible Closing Date and which is before the close of business on the Convertible Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this Convertible Debenture is shall be determined pursuant to Section 3.2 6.3 and rounding the result to the nearest whole share.

Appears in 1 contract

Samples: Factoring Agreement (Newave Inc)

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this Debenture it into shares of Common Stock at any time following the Closing Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 1 contract

Samples: Convertible Debenture Exchange Agreement (Xtreme Companies Inc)

Conversion Privilege. (a) The Holder of this Debenture shall have the right right, at its option, to convert any and all amounts owing under this Debenture it into shares of common stock, par value $0.01 per share, of the Company ("Common Stock Stock") at any time following the Closing Due Date and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c3.1 (c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 1 contract

Samples: Swissray International Inc

Conversion Privilege. (a) The Holder of this Debenture Guarantor shall have the right to convert any and all amounts owing under this the Convertible Debenture into shares of Common Stock at any time following the Convertible Closing Date and which is before the close of business on the Convertible Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this the Convertible Debenture is shall be determined pursuant to Section 3.2 and rounding 4.3, but the result number of shares issuable shall be rounded up or down, as the case may be, to the nearest whole share.

Appears in 1 contract

Samples: Collateral Agreement (Network Installation Corp)

Conversion Privilege. (a) The Holder of this Debenture shall have the right to convert any and all amounts owing under this the Convertible Debenture into shares of Common Stock at any time following the Convertible Closing Date and which is before the close of business on the Convertible Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this the Convertible Debenture is shall be determined pursuant to Section 3.2 and rounding 4.4, but the result number of shares issuable shall be rounded up to the nearest whole share.

Appears in 1 contract

Samples: Settlement Agreement and Mutual General Release (Naturewell Inc)

Conversion Privilege. (a) The Holder of this Debenture Debenture, with written consent of the Company, shall have the right to convert any and all amounts owing under this Debenture it into shares of Common Stock at any time following the one year anniversary of the Closing Date ("144A Date") and which is before the close of business on the Maturity Date, except as set forth in Section 3.2(c) below. The number of shares of Common Stock issuable upon the conversion of this Debenture is determined pursuant to Section 3.2 and rounding the result to the nearest whole share.

Appears in 1 contract

Samples: Convertible Debenture Agreement (Jane Butel Corp)

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