Common use of Holder Conversion Clause in Contracts

Holder Conversion. In the event of a conversion of any Series G Preferred Stock pursuant to a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series G Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series G Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series G Preferred Stock.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ascent Solar Technologies, Inc.), Securities Purchase Agreement (Ascent Solar Technologies, Inc.)

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Holder Conversion. In the event of a conversion of any Series G A Preferred Stock pursuant to a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series G A Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series G A Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series G A Preferred Stock.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ascent Solar Technologies, Inc.), Securities Purchase Agreement (Ascent Solar Technologies, Inc.)

Holder Conversion. In the event of a conversion of any Series G B Preferred Stock pursuant to a an Holder Conversion Notice, the Corporation shall issue to the Holder of such Series G B Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Early Redemption Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series G B Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series G B Preferred Stock.

Appears in 2 contracts

Samples: Stock Purchase Agreement (VelaTel Global Communications, Inc.), Stock Purchase Agreement (East Coast Diversified Corp)

Holder Conversion. In the event of a conversion of any Series G B Preferred Stock pursuant to a an Holder Conversion Notice, the Corporation shall (a) satisfy the Embedded Dividend Liability as provided in Section I.C.2, and (b) issue to the Holder of such Series G B Preferred Stock a number of Conversion Shares equal to (ai) the Original Issue Price plus accrued and unpaid dividends thereon, Series B Face Value multiplied by (bii) the number of such Series G B Preferred Stock subject to the Holder Conversion Notice divided by (ciii) the applicable Conversion Price with respect to such Series G B Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ascent Solar Technologies, Inc.)

Holder Conversion. In the event of a conversion of any Series G C Preferred Stock pursuant to a an Holder Conversion Notice, the Corporation shall (a) satisfy the Embedded Dividend Liability as provided in Section I.C.2, and (b) issue to the Holder of such Series G C Preferred Stock a number of Conversion Shares equal to (ai) the Original Issue Price plus accrued and unpaid dividends thereon, Face Value multiplied by (bii) the number of such Series G C Preferred Stock subject to the Holder Conversion Notice divided by (ciii) the applicable Conversion Price with respect to such Series G C Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ascent Solar Technologies, Inc.)

Holder Conversion. In the event of a conversion of any Series G K Preferred Stock pursuant to a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series G K Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series G K Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series G K Preferred Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ascent Solar Technologies, Inc.)

Holder Conversion. In the event of a conversion of any Series G F Preferred Stock pursuant to a an Holder Conversion Notice, the Corporation shall issue to the Holder of such Series G F Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Corporation Redemption Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series G F Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series G F Preferred Stock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (POSITIVEID Corp)

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Holder Conversion. In the event of a conversion of any Series G I Preferred Stock pursuant to a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series G I Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series G I Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series G I Preferred Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ascent Solar Technologies, Inc.)

Holder Conversion. In the event of a conversion of any Series G A Preferred Stock pursuant to a an Holder Conversion Notice, the Corporation shall issue to the Holder of such Series G A Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Early Redemption Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series G A Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series G A Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cereplast Inc)

Holder Conversion. In the event of a conversion of any Series G H Preferred Stock pursuant to a an Holder Conversion Notice, the Corporation shall issue to the Holder of such Series G H Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Early Redemption Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series G H Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series G H Preferred Stock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (POSITIVEID Corp)

Holder Conversion. In the event of a conversion of any Series G E Preferred Stock pursuant to a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series G E Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Early Redemption Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series G E Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series G E Preferred StockStock plus the Make Whole Payment.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pressure Biosciences Inc)

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