Conversion Shares Issuable Upon Conversion of Debenture. The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the sum of (a) the outstanding principal amount of this Debenture to be converted plus (b) any accrued and unpaid interest on the principal amount of this Debenture to be converted, by (y) the Conversion Price.
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Samples: Securities Purchase Agreement (Discovery Energy Corp.), Debenture Agreement (Discovery Energy Corp.), Convertible Security Agreement (Discovery Energy Corp.)
Conversion Shares Issuable Upon Conversion of Debenture. The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the sum of (a) the outstanding principal amount of this Debenture to be converted plus and (b) at the option of the Holder, a portion or all of any accrued and unpaid interest on the principal amount of this Debenture to be converted, converted by (y) the Conversion Price.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Tanzanian Royalty Exploration Corp), Convertible Security Agreement (Tanzanian Royalty Exploration Corp)
Conversion Shares Issuable Upon Conversion of Debenture. The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the sum of (a) the outstanding principal amount of this Debenture to be converted plus converted, (b) at the option of the Holder, a portion or all of any accrued and unpaid interest on the principal amount of this Debenture to be converted, converted and (c) the Conversion Adjustment Amount by (y) the Conversion Price.
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