Common use of Conversion Shares Issuable Upon a Conversion Clause in Contracts

Conversion Shares Issuable Upon a Conversion. The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the sum of all outstanding (i) principal, (ii) interest, and (iii) any other amount due under this Note to be converted as provided in the applicable Notice of Conversion by (y) the Conversion Price.

Appears in 26 contracts

Samples: Terra Tech Corp., Subordination Agreement (NXT-Id, Inc.), Subordination Agreement (NXT-Id, Inc.)

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Conversion Shares Issuable Upon a Conversion. The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the sum of all outstanding (i) principalthe outstanding principal to be converted as provided in the applicable Notice of Conversion, (ii) interest, accrued and unpaid interest thereon (if the Company has elected to pay interest in shares of Common Stock) and (iii) any other amount due under this Note to be converted as provided in the applicable Notice of Conversion by (y) the Conversion Price.

Appears in 10 contracts

Samples: Dyadic International Inc, Ayala Pharmaceuticals, Inc., Ayala Pharmaceuticals, Inc.

Conversion Shares Issuable Upon a Conversion. The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the sum principal amount of all outstanding (i) principal, (ii) interest, and (iii) any other amount due under this the Note to be converted as provided in the applicable Notice of Conversion (up to 100%) by (y) the Conversion Price.

Appears in 2 contracts

Samples: Camber Energy, Inc., Camber Energy, Inc.

Conversion Shares Issuable Upon a Conversion. The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the sum of all outstanding (i) principalthe outstanding principal to be converted as provided in the applicable Notice of Conversion, (ii) interest, accrued and unpaid interest thereon (if the Company has elected to pay interest in shares of Common Stock) and (iii) any other amount due under this Note to be converted as provided in the applicable Notice of Conversion by (y) the Conversion Price or Alternate Conversion Price, as applicable.

Appears in 1 contract

Samples: COPsync, Inc.

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Conversion Shares Issuable Upon a Conversion. The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the sum principal amount of all outstanding (i) principal, (ii) interest, and (iii) any other amount due under this the Note to be converted as provided in the applicable Notice of Conversion (up to 50%) by (y) the Conversion Price.

Appears in 1 contract

Samples: Viking Energy Group, Inc.

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