Common use of Elective Conversion Clause in Contracts

Elective Conversion. At any time prior to 5:00 p.m. on the last Business Day immediately preceding the Maturity Date, each Investor shall have the option to convert all or part of the principal and accrued interest under the Notes into that number of shares of Common Stock equal to the quotient of (1) all principal and accrued interest under the Notes being so converted, divided by (2) the Conversion Price.

Appears in 4 contracts

Samples: Subordinated Note (Better Choice Co Inc.), Subordinated Note (Better Choice Co Inc.), Note (Better Choice Co Inc.)

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