Common use of Holders Conversion Rights Clause in Contracts

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3.

Holders Conversion Rights. Subject to Section 2.22.2 and the mandatory conversion provisions therein, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3.

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the "Conversion pursuant to Section 3.3Date").

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the “Conversion pursuant to Section 3.3Date”).

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion pursuant to Section 3.3Shares."

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert at any time all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than one (1) day prior to Section 3.3the date upon which such conversion shall occur.

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares."

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion by facsimile or otherwise not less than one (1) business day prior to Section 3.3the date upon which such conversion shall occur.

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereonaccrued thereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the “Conversion pursuant to Section 3.3Date”).

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the "CONVERSION SHARES."

Holders Conversion Rights. Subject to Section 2.23.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to III at the Borrower rate of a written Notice of $.60, (“Fixed Conversion pursuant to Section 3.3Price”).”

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of conversion not less than one (1) business day prior to the date upon which such conversion shall occur. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion pursuant to Section 3.3Shares."

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is the "Conversion pursuant to Section 3.3Date".

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than three (3) business days prior to Section 3.3the date upon which such conversion shall occur.

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common StockStock or Registered Common Stock as applicable, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than one (1) day prior to Section 3.3the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the "CONVERSION DATE").

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than one (1) day prior to Section 3.3the date upon which such conversion shall occur. The shares of Common Stock to be issued upon such conversion are herein referred to as the "CONVERSION SHARES."

Holders Conversion Rights. Subject to Section 2.23.2 and the mandatory conversion provisions therein, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees amounts due hereon, and any sum arising under the Subscription Agreement and the Transaction Documents, including but not limited to Liquidated Damages, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3.

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, at the Fixed Conversion Price, as adjusted, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3.. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares.æ

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not -------------------------- the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than one (1) day prior to Section 3.3the date upon which such conversion shall occur.

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this NoteDebenture, together with interest and fees due hereonthereon, into shares of Common Stock, Borrower’s common stock subject to the terms and conditions set forth in this Article III4. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than one (1) day prior to Section 3.3the date upon which such conversion shall occur.

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock of the Borrower subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than one (1) day prior to Section 3.3the date upon which such conversion shall occur.

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock (as hereinafter defined) subject to the terms and conditions set forth in this Article III4. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than three (3) business days prior to Section 3.3the date upon which such conversion shall occur.

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article IIIII at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.32.3.

Holders Conversion Rights. Subject to Section 2.23.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with and/or accrued interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article IIIIII at the rate of $0.15 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3.

Holders Conversion Rights. Subject to Section 2.2, the Holder shall will have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3.

Holders Conversion Rights. Subject to Section 2.23.2 and Section 2.1(b) and the mandatory conversion provisions therein, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3.

Holders Conversion Rights. Subject to Section 2.23.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article IIIIII at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3.

Holders Conversion Rights. Subject to Section 2.2, the Holder Holders shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Term Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder Holders may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the “Conversion Shares.”

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Class A Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than one (1) day prior to Section 3.3the date upon which such conversion shall occur.

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Amortizing Principal Amount of this Note, together with interest and fees due hereon, at the Fixed Conversion Price, as adjusted, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the “Conversion Shares.”

Holders Conversion Rights. Subject to Section 2.23.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article IIIIII at the rate of 65% of the average of the lowest three volume weighted average prices of the shares during the preceding 10 day trading period prior to conversion. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.33.2.

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Term Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the “Conversion Shares.”

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligationobligation at any time from the date of issuance of this Note, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article IIIII at a fixed conversion rate of $.001 per share. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3hereto.

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower Company of a written Notice of Conversion pursuant to Section 3.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares."

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares." The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than one (1) day prior to Section 3.3the date upon which such conversion shall occur.

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the rightright at all times, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereonNote plus accrued interest, into shares of Common Stock, subject to the terms and conditions set forth in this Article IIIIII at the rate of $0.15 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.33.2.

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding Principal Amount principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock, Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written Notice notice of Conversion pursuant conversion not less than one (1) day prior to Section 3.3the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the "CONVERSION DATE").

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligationobligation at any time from the date of issuance of this Note, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article IIIII at a fixed conversion price of $.001 per share. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 3.3the terms hereof.