Common use of Conversion to ADSs Clause in Contracts

Conversion to ADSs. To the extent permitted by applicable law, after the conversion of either Note (or any portion thereof) by any Purchaser into Conversion Shares, in the event that such Purchaser has delivered to the Company written notice specifying that such Purchaser irrevocably elects to convert the Conversion Shares into ADSs subject to the compliance of applicable conditions under Rule 144(b), the Company shall use its reasonable best efforts to effect (or cause to be effected) the conversion of such Conversion Shares into ADSs within seven (7) days after receiving such written notice.

Conversion to ADSs. To the extent permitted by applicable law, after After the conversion of either the Note (or any portion thereof) by any Purchaser into Conversion Shares, in the event that such the Purchaser has delivered to the Company written notice specifying that such the Purchaser irrevocably elects to convert the Conversion Shares into ADSs subject to the compliance of applicable conditions under Rule 144(b)ADSs, the Company shall use its commercially reasonable best efforts to effect (or cause to be effected) the such conversion of such Conversion Shares into ADSs within seven fifteen (715) days after receiving such written notice, and such ADSs shall be freely tradable and non-assessable under Rule 144(b) upon conversion.