Common use of Holder Conversion Clause in Contracts

Holder Conversion. In the event of a conversion of any Series A Preferred Stock pursuant to a Holder Conversion Notice, the Corporation will (a) satisfy the payment of Dividends and Conversion Premium as provided in Section I.C.2, and (b) issue to the Holder of such Series A Preferred Stock a number of Conversion Shares equal to (i) the Face Value multiplied by (ii) the number of such Series A Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series A Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Unilife Corp), Stock Purchase Agreement (6D Global Technologies, Inc)

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Holder Conversion. In the event of a conversion of any Series A D Preferred Stock pursuant to a Holder Conversion Notice, the Corporation will (a) satisfy the payment of Dividends In-Kind Accrual and Conversion Premium as provided in Section I.C.2, and (b) issue to the Holder of such Series A D Preferred Stock a number of Conversion Shares equal to (i) the Face Value multiplied by (ii) the number of such Series A D Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series A D Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.

Appears in 1 contract

Samples: Stock Purchase Agreement (Staffing 360 Solutions, Inc.)

Holder Conversion. In the event of a conversion of any Series A G Preferred Stock pursuant to a Holder Conversion Notice, the Corporation will (a) satisfy the payment of Dividends and Conversion Premium as provided in Section I.C.2, and (b) issue to the Holder of such Series A G Preferred Stock a number of Conversion Shares equal to (i) the Face Value multiplied by (ii) the number of such Series A G Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series A G Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.

Appears in 1 contract

Samples: Stock Purchase Agreement (Amarantus Bioscience Holdings, Inc.)

Holder Conversion. In the event of a conversion of any Series A Preferred Stock pursuant to a Holder Conversion Notice, the Corporation will (a) satisfy the payment of Dividends and Conversion Premium Embedded Derivative Liability as provided in Section I.C.2, and (b) issue to the Holder of such Series A Preferred Stock a number of Conversion Shares equal to (i) the Face Value multiplied by (ii) the number of such Series A Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series A Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.

Appears in 1 contract

Samples: Stock Purchase Agreement (Remark Media, Inc.)

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Holder Conversion. In the event of a conversion of any Series A B Preferred Stock pursuant to a Holder Conversion Notice, the Corporation will (a) satisfy the payment of Dividends and Conversion Premium as provided in Section I.C.2, and (b) issue to the Holder of such Series A B Preferred Stock a number of Conversion Shares equal to (i) the Face Value multiplied by (ii) the number of such Series A B Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series A B Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.

Appears in 1 contract

Samples: Stock Purchase Agreement (Visualant Inc)

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