Common use of Holders Conversion Rights Clause in Contracts

Holders Conversion Rights. Subject to the requirement of Section 2.1 (b) hereof, 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 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 Date”).

Appears in 1 contract

Samples: Secured Convertible Term Note (Time America Inc)

AutoNDA by SimpleDocs

Holders Conversion Rights. Subject to the requirement of Section 2.1 (b) hereof, 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 of this Note, together with accrued interest and fees due hereonthereon, into shares of Common Stock at the Conversion Price, subject to the terms and conditions set forth in this Article IIIII. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one ten (110) day days prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (referred to as the “Conversion Date.).

Appears in 1 contract

Samples: Convertible Term Note (Axesstel Inc)

Holders Conversion Rights. Subject to the requirement of Section 2.1 (b) hereof, the 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, Note 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 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 Date")."

Appears in 1 contract

Samples: Secured Convertible Term Note (Global Payment Technologies Inc)

Holders Conversion Rights. Subject to the requirement of Section 2.1 (b) hereof, the 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 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 Date”"CONVERSION DATE").

Appears in 1 contract

Samples: Secured Convertible Term Note (Global Payment Technologies Inc)

AutoNDA by SimpleDocs

Holders Conversion Rights. Subject to the requirement of Section 2.1 (b) hereof, the 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 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 Date").

Appears in 1 contract

Samples: Senior Secured Convertible Note (Smartserv Online Inc)

Holders Conversion Rights. Subject to the requirement of Section 2.1 (b) hereof, 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 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 Date").

Appears in 1 contract

Samples: Secured Convertible Term Note (Pipeline Data Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!