Common use of Conversion Shares Issuable Upon Conversion of Principal Amount Clause in Contracts

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities Act.

Appears in 4 contracts

Samples: Convertible Promissory Note (chatAND, Inc.), Convertible Promissory Note (chatAND, Inc.), Convertible Promissory Note (chatAND, Inc.)

AutoNDA by SimpleDocs

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of and any accrued but unpaid interest under this Note to be converted by (y) the then applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities Act.

Appears in 3 contracts

Samples: Convertible Promissory Note (chatAND, Inc.), Convertible Promissory Note (chatAND, Inc.), Convertible Promissory Note (chatAND, Inc.)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note (whether principal or accrued but unpaid interest) to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 3 contracts

Samples: Note Modification Agreement (Atrinsic, Inc.), Note Modification Agreement (Atrinsic, Inc.), Credit Facility Agreement (Protalex Inc)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount and any accrued and unpaid interest of this Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice then in effect.

Appears in 3 contracts

Samples: Convertible Subordinated Note (GEE Group Inc.), Convertible Subordinated Note (GEE Group Inc.), Secured Convertible Note (China Water & Drinks Inc..)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion of the Note (collectively, the “Conversion Shares”) issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this the Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 2 contracts

Samples: Unsecured Promissory Note (Saint James CO), Unsecured Promissory Note (Saint James CO)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted $150,000 by (y) the applicable conversion priceper share price of the New Equity. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities Act.

Appears in 2 contracts

Samples: Convertible Promissory Note (chatAND, Inc.), Convertible Promissory Note (chatAND, Inc.)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal and accrued and unpaid interest amount of this Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice then in effect.

Appears in 2 contracts

Samples: Convertible Security Agreement (Gulfstream International Group Inc), Convertible Security Agreement (Gulfstream International Group Inc)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted by (y) the applicable Conversion Price; provided, that the amount of principal to be converted pursuant to clause (x) shall include any accrued but unpaid interest through the date of such conversion price. All (based on the number of days in such Conversion Shares shall be “restricted securities” as interest period up to and including the date of such term is defined by the Securities Actconversion).

Appears in 2 contracts

Samples: Convertible Security Agreement (Ebix Inc), Convertible Security Agreement (Ebix Inc)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon conversion of the Note (collectively, the "Conversion Shares") issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this the Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 2 contracts

Samples: Unsecured Promissory Note (Pinnacle Resources Inc), Unsecured Promissory Note (Pinnacle Resources Inc)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 2 contracts

Samples: Convertible Security Agreement (Elio Motors, Inc.), Convertible Security Agreement (Elio Motors, Inc.)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion hereunder (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 2 contracts

Samples: Purchase Agreement (Lexaria Corp.), Purchase Agreement (Golden Aria Corp.)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note Inter-Company Debt to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 2 contracts

Samples: Conversion Agreement (Biovest International Inc), Conversion Agreement (Accentia Biopharmaceuticals Inc)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted $50,000 by (y) the applicable conversion priceper share price of the New Equity. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities Act.

Appears in 2 contracts

Samples: Convertible Promissory Note (chatAND, Inc.), Convertible Promissory Note (chatAND, Inc.)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (xA) the outstanding principal amount of this Note Debenture and accrued and unpaid interest thereon to be converted by (yB) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Convertible Security Agreement (CleanTech Biofuels, Inc.)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this the Grid Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Debt Conversion Agreement (Web2 Corp)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion hereunder (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note Debenture to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Amendment Agreement (Cord Blood America, Inc.)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted and accrued interest, if any, by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Convertible Security Agreement (Elio Motors, Inc.)

AutoNDA by SimpleDocs

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note Debenture to be converted as set forth in the applicable Notice of Conversion by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Securities Agreement (Diomed Holdings Inc)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Senior Secured Convertible Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ibsg International Inc)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted converted, as well as accrued interest on such principal amount, by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Convertible Security Agreement (Blue Earth, Inc.)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note (whether principal, accrued but unpaid interest or other amounts payable hereunder) to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Loan Modification Agreement (Whispering Oaks International Inc)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note Debenture to be converted as set forth in the applicable Notice of Conversion by (y) the applicable conversion priceConversion Price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities Act.i.

Appears in 1 contract

Samples: Securities Agreement (Diomed Holdings Inc)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock common stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Security Agreement (Intercloud Systems, Inc.)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by equal to the quotient obtained by dividing (x) the outstanding principal amount of this Note Debenture to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Convertible Security Agreement (Spectre Gaming Inc)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion hereunder (the "Conversion Shares") hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Purchase Agreement (Lexaria Corp.)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Company Common Stock or Parent Common Stock, as applicable issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note Debenture to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice.

Appears in 1 contract

Samples: Convertible Security Agreement (New Harvest Capital Corp)

Conversion Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion (the “Conversion Shares”) hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted by (y) the applicable conversion price. All such Conversion Shares shall be “restricted securities” as such term is defined by the Securities ActPrice then in effect.

Appears in 1 contract

Samples: Convertible Security Agreement (Auriga Laboratories, Inc.)

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