Deemed Conversions. Any repayment of the Monthly Amount in shares of Common Stock pursuant to the terms hereof shall constitute and be deemed a conversion of such portion of the applicable principal amount of this Note for all purposes under this Note and the Purchase Agreement (except as otherwise provided herein).
Appears in 11 contracts
Samples: Securities Purchase Agreement (Billserv Inc), Securities Purchase Agreement (Data Systems & Software Inc), Securities Purchase Agreement (Path 1 Network Technologies Inc)
Deemed Conversions. Any repayment of the Monthly Amount in shares of Common Stock pursuant to the terms hereof shall constitute and be deemed a conversion of such portion of the applicable principal amount Principal Amount of this Note Debenture for all purposes under this Note Debenture and the Purchase Agreement other Transaction Documents (except that such conversion shall be at the Market Price and except as otherwise provided herein).
Appears in 2 contracts
Samples: Viragen Inc, Viragen Inc