Common use of Conversion Pursuant to Section Clause in Contracts

Conversion Pursuant to Section. 5(a). If this Note is to be automatically converted pursuant to Section 5(a), written notice shall be delivered to Investor at the address last shown on the records of the Company for Investor or given by Investor to the Company for the purpose of notice, notifying Investor of the general terms of the conversion to be effected, specifying the Conversion Price, the principal amount of the Note to be converted, together with all accrued and unpaid interest and the date on which such conversion is expected to occur and calling upon Investor to surrender to the Company, in the manner and at the place designated, this Note. The Company shall, as soon as practicable thereafter, issue and deliver to Investor a certificate or certificates for the number of shares to which Investor shall be entitled upon such conversion, or shall otherwise issue such shares in book-entry form and provide Investor confirmation thereof.

Appears in 7 contracts

Samples: Convertible Note (Monaker Group, Inc.), Convertible Note (Monaker Group, Inc.), Convertible Note (Monaker Group, Inc.)

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Conversion Pursuant to Section. 5(a). If this Note is to be automatically converted pursuant to Section 5(a), written notice shall be delivered 0be 0delivered to Investor at the address last shown on the records of the Company for Investor or given by Investor to the Company for the purpose of notice, notifying Investor of the 0of 0the general terms of the conversion to be effected, specifying the Conversion Price, the principal amount of the Note to be converted, together with all accrued and unpaid interest and the date on which such conversion is expected to occur and calling upon Investor to surrender to the Company, in the manner and at the place designated, this Note. The Company shall, as soon as practicable thereafter, issue and deliver to Investor a certificate or certificates for the number of shares 0shares to which Investor shall be entitled upon such conversion, or shall otherwise issue such shares in book-entry form and provide Investor confirmation thereof.

Appears in 2 contracts

Samples: Convertible Note (Monaker Group, Inc.), Convertible Note (Monaker Group, Inc.)

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