Common use of Inability to Fully Convert Clause in Contracts

Inability to Fully Convert. (a) Holder's Option if Maker Cannot Fully Convert. If, upon the Company's receipt of a Conversion Notice, the Company cannot issue shares of Common Stock for any reason, including, without limitation, because the Company (x) does not have a sufficient number of shares of Common Stock authorized and available or (y) is otherwise prohibited by applicable law or by the rules or regulations of any stock exchange, interdealer quotation system or other self-regulatory organization with jurisdiction over the Company or any of its securities from issuing all of the Common Stock which is to be issued to the Holder pursuant to a Conversion Notice, then the Company shall issue as many shares of Common Stock, as it is able to issue in accordance with the Holder's Conversion Notice and, with respect to the unconverted portion of this Note, the Holder, solely at Holder's option, can elect to:

Inability to Fully Convert. (a) Holder's Option if Maker Cannot Fully Convert. If, upon the CompanyMaker's receipt of a Conversion Notice, the Company Maker cannot issue shares of Common Stock registered for resale under from S-8 or other form of registration for any reason, including, without limitation, because the Company Maker (xw) does not have a sufficient number of shares of Common Stock authorized and available or (yx) is otherwise prohibited by applicable law or by the rules or regulations of any stock exchange, interdealer quotation system or other self-regulatory organization with jurisdiction over the Company Maker or any of its securities from issuing all of the Common Stock which is to be issued to the Holder pursuant to a Conversion Notice, then the Company Maker shall issue as many shares of Common Stock, Stock as it is able to issue in accordance with the Holder's Conversion Notice and, with respect to the unconverted portion of this Note, the Holder, solely at Holder's option, can elect to:

Inability to Fully Convert. (a) Holder's Option if Maker Company Cannot Fully Convert. If, upon the Company's receipt of a Conversion Notice, the Company cannot issue shares of Common Stock for any reason, including, without limitation, because the Company (xw) does not have a sufficient number of shares of Common Stock authorized and available available, or (yx) is otherwise prohibited by applicable law or by the rules or regulations of any stock exchange, interdealer quotation system or other self-regulatory organization with jurisdiction over the Company or any of its securities from issuing all of the Common Stock which is to be issued to the Holder pursuant to a Conversion Notice, then the Company shall issue as many shares of Common Stock, Stock as it is able to issue in accordance with the Holder's Conversion Notice and, with respect to the unconverted portion of this Noteeach Note (as applicable), the Holder, solely at Holder's its option, can elect to: