Early Conversion Sample Clauses

Early Conversion. Should the Holder elect to exercise its conversion right prior to the Maturity Date, the Holder shall have the option, in its sole discretion, to concurrently convert any and all accrued and unpaid Interest up to, but excluding, the date of the Early Conversion, in full or in part, into Common Shares of the Issuer at the Conversion Price.

Early Conversion. The Holder is not permitted to convert this Note before the Securities Exchange Commission declares the S-1 application of the Issuer effective.

Early Conversion. In the event of a conversion prior to the Redemption Maturity Date, in addition to the issuances and payments provided for in the preceding paragraph, the Company shall issue to the Holder a number of Conversion Shares equal to (a) any Early Redemption Amount that Company elects in its sole discretion to pay in ADRs, multiplied by (b) the Market Price. In addition, Company shall concurrently pay to Holder, by wire transfer of immediately available funds, any Early Redemption Amount that Company elects to pay in cash.

Early Conversion. The Holder hereby agrees immediately to convert a note issued by the Company in the principal amount of $500,000 and due on October 10, 2006 (the "Note"), including all interest accrued thereon, into one million (1,000,000) shares of restricted common stock of the Company.

Early Conversion. 2.6.1 In the event of the announcement of a transaction constituting a Change of Control (as defined in Section 1.3.3) at any time following the satisfaction of the Conversion Conditions but prior to December 1, 2024, Investor may elect (assuming Investor has not elected to cause repayment of the Note pursuant to Section 1.3.3) by written notice to the Company (the “Early Conversion Request”) to cause the Outstanding Amount (calculated to, but not including, the date of conversion) to be converted into a number of Conversion Shares to be determined in accordance with Section 2.2 hereof, except that, solely for purposes of a conversion under this Section 2.6 (the “Early Conversion”), the “Part Two Conversion Price” shall mean the arithmetic average of the Daily VWAP for the thirty (30) trading days prior to but not including the announcement of the transaction constituting such Change of Control.

Early Conversion. The terms for early conversion shall be as provided for in Rule 29.

Early Conversion. 2.5.1 EXECUTION VERSION

Early Conversion. Subject to Section 18.3, each Lender shall have a right to convert all or any portion of the Outstanding Obligations due to such Lender into Conversion Payment Shares immediately after the closing time of the Applicable Follow-On Offering (the "Offering Conversion Date"). The Company shall provide written notice to the Lenders of the Offering Conversion Date on or prior to the second Business Day immediately preceding such date. In order to exercise its conversion rights under this Section 18.2, a Lender must provide written notice (an "Offering Conversion Notice"), which shall be irrevocable, to Ultimate Holdings on or prior to the second Business Day immediately preceding the applicable Offering Conversion Date specifying the percentage of the Outstanding Obligations due to such Lender that the Lender is electing to convert into Conversion Payment Shares pursuant to this Section 18.2.

Early Conversion. The Company will be entitled, prior to the Maturity Date and at any time that the 20-day VWAP of the Common Shares on the TSX exceeds 115% of the Conversion Price, subject to applicable regulatory approval and provided that no Event of Default has occurred and is continuing, on not more than 60 days’ but not less than 30 days’ written notice to Debentureholders, to convert Debentures in whole or in part, including any accrued but unpaid Interest, into Common Shares at the Conversion Price; provided however, if the conversion is to occur within 12 months from the date of Closing, then the Conversion Price will be reduced to $4.25 per Common Share (subject to adjustment in accordance with the Indenture) and Debentureholders whose Debentures are being so converted will be entitled to receive the Interest that would have accrued during the 12-month period from the date of Closing in accordance with the terms of the Debenture. If a Debentureholder elects to convert its Debentures prior to the early conversion, then the Company’s conversion notice will be deemed to be void, but without prejudice to the Company’s right to deliver a further notice of intention to convert any or all of such Debentureholder’s Debentures remaining outstanding. Prepayment The Company may, at its option, subject to applicable regulatory approval and provided that no Event of Default has occurred and is continuing, any time after 12 months from the date of Closing and at any time prior to the Maturity Date, with not less than 30 days’ written notice to Debentureholders, prepay Debentures in whole or in part, plus accrued Interest, in cash, provided however, if the prepayment is to occur (i) within 24 months of the date of Closing, then Debentureholders whose Debentures are being so prepaid will be entitled to receive (1) an additional payment in the amount of 5% of the prepayment amount and (2) the Interest that would have accrued from the date of prepayment, to, but excluding, the day that is 24 months from the date of Closing, or (ii) after 24 months of the date of Closing but prior to the Maturity Date, then Debentureholders whose Debentures are being so prepaid will be entitled to receive the Interest that would have accrued from the date of prepayment to, but excluding, the Maturity Date.