Common use of Exercise Conversion Method Clause in Contracts

Exercise Conversion Method. The purchase right represented by the conversion of this Debenture may be exercised by the Holder by surrendering this Debenture at the principal office of the Company and by the payment to the Company, either: (i) by certified or bank check, or by wire transfer to an account designated by the Company in an amount equal to the then applicable Conversion Price multiplied by the number of Shares then being purchased, or (ii) by the delivery of that number of shares of Common Stock having a value equal to the Conversion Price, which shares may be the Shares underlying the conversion of the Debenture.