Common use of Deemed Conversions Clause in Contracts

Deemed Conversions. Any repayment of the Monthly Amount in Repayment Shares pursuant to the terms hereof shall constitute and be deemed a conversion of such portion of the applicable Principal Amount and accrued interest for all purposes under this Note (except as otherwise provided herein).

Appears in 6 contracts

Samples: Digital Angel Corp, Digital Angel Corp, Stockeryale Inc

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Deemed Conversions. Any repayment of the Monthly Amount in Repayment Shares pursuant to the terms hereof shall constitute and be deemed a conversion of such portion of the applicable Principal Amount and accrued interest for all purposes under this Note (except as otherwise provided herein).. 2.6

Appears in 1 contract

Samples: Stockeryale Inc

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