Common use of HOLDER'S RIGHT TO CONVERT Clause in Contracts

HOLDER'S RIGHT TO CONVERT. This Debenture shall be convertible at any time, in whole or in part, at the option of the Holder hereof, into fully paid, validly issued and nonassessable shares of Common Stock. If this Debenture is converted in part, the remaining portion of this Debenture not so converted shall remain entitled to the conversion rights provided herein.

Appears in 6 contracts

Samples: Convertible Debenture (Zitel Corp), Convertible Debenture (Worldpages Com Inc), Convertible Debenture Agreement (Zitel Corp)

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HOLDER'S RIGHT TO CONVERT. This Debenture shall be convertible in full at any time, in whole or in part, at the option of the Holder hereof, into fully paid, validly issued and nonassessable shares of Common Stock. If this Debenture is converted in part, the remaining portion of this Debenture not so converted shall remain entitled to the conversion rights provided herein.

Appears in 1 contract

Samples: Convertible Debenture (Cygnus Inc /De/)

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