Common use of Issuance of Common Stock Certificates Clause in Contracts

Issuance of Common Stock Certificates. As promptly as practicable (but in any event within 5 Business Days) after the receipt of a Conversion Notice from a Holder, the Borrower shall issue and deliver to such Holder, issued in the name of such Holder or such other Person or Persons as such Holder may reasonably request, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Note (or specified portion thereof). Such conversion shall be deemed to have been effected and the Conversion Price shall be determined as of the close of business on the date on which such Conversion Notice shall have been received by the Borrower, and at such time the rights of the Holder in its Note (or the specified principal amount thereof) as such Holder shall cease, and the Person or Persons in whose name or names any certificate or certificates for shares of Common Stock shall be issuable upon such conversion shall be deemed to have become the holder or holders of record of the shares of Common Stock represented thereby.

Issuance of Common Stock Certificates. As promptly as practicable (but in any event within 5 Business Days10 business days) after the receipt of a Conversion Notice from a Holderand surrender of the Note as provided in Section 6.1, the Borrower Company shall issue and deliver to such Holder, issued in the name of such Holder or such other Person or Persons as such Holder may reasonably request, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Note (or specified portion thereof). Such conversion shall be deemed to have been effected and the Conversion Price shall be determined as of the close of business on the date on which such Conversion Notice shall have been received by the Borrower, Company and at such time the rights of the Holder in its Note (or the specified principal amount portion thereof) as such Holder shall cease, and the Person or Persons in whose name or names any certificate or certificates for shares of Common Stock shall be issuable upon such conversion shall be deemed to have become the holder or holders of record of the shares of Common Stock represented thereby.

Issuance of Common Stock Certificates. As promptly as practicable (but in any event within 5 Business Days10 business days) after the receipt of a Conversion Notice from a Holderor an automatic conversion described in Section 6.2 and surrender of the Note as provided in Sections 6.1 and 6.2, the Borrower Company shall issue and deliver to such the Holder, issued in the name of such the Holder or such other Person or Persons as such the Holder may reasonably request, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such the Note (or specified portion thereof). Such conversion shall be deemed to have been effected and the Conversion Price shall be determined as of the close of business on the date on which such Conversion Notice shall have been received by the Borrower, Company (or as of the close of business on the tenth consecutive trading day in which the Company's Common Stock trades at or above $1.75 per share in the case of an automatic conversion pursuant to Section 6.2) and at such time the rights of the Holder in its Note (or the specified principal amount portion thereof) as such the Holder shall cease, and the Person or Persons in whose name or names any certificate or certificates for shares of Common Stock shall be issuable upon such conversion shall be deemed to have become the holder or holders Holder of record of the shares of Common Stock represented thereby.

Issuance of Common Stock Certificates. As promptly as practicable (but in any event within 5 Business Days10 business days) after the receipt of a Conversion Notice from a Holderand surrender of the Note as provided in Section 6.1, the Borrower Company shall issue and deliver to such Holder, issued in the name of such Holder or such other Person or Persons as such Holder may reasonably request, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Note (or specified portion thereof). Such conversion shall be deemed to have been effected and the Conversion Price shall be determined as of the close of business on the date on which such Conversion Notice shall have been received by the Borrower, Company and at such time the rights of the Holder in its Note (or the specified principal amount portion thereof) as such Holder shall cease, and the Person or Persons in whose name or names any certificate or certificates for shares of Common Stock shall 15 be issuable upon such conversion shall be deemed to have become the holder or holders of record of the shares of Common Stock represented thereby.

Issuance of Common Stock Certificates. As promptly as practicable (but in any event within 5 Business Days10 business days) after the receipt of a Conversion Notice from a Holderor an automatic conversion described in Section 6.2 and surrender of the Notes as provided in Sections 6.1 and 6.2, the Borrower Company shall issue and deliver to such Holder, issued in the name of such Holder or such other Person or Persons as such Holder may reasonably request, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Note Notes (or specified portion thereof). Such conversion shall be deemed to have been effected and the Conversion Price shall be determined as of the close of business on the date on which such Conversion Notice shall have been received by the Borrower, Company (or as of the close of business on the tenth consecutive trading day in which the Company's Common Stock trades at or above $1.75 per share in the case of an automatic conversion pursuant to Section 6.2) and at such time the rights of the Holder in its Note (or the specified principal amount portion thereof) as such Holder shall cease, and the Person or Persons in whose name or names any certificate or certificates for shares of Common Stock shall be issuable upon such conversion shall be deemed to have become the holder or holders of record of the shares of Common Stock represented thereby.