Common use of Issuance of Common Stock Upon Conversion Clause in Contracts

Issuance of Common Stock Upon Conversion. Within a reasonable time, not exceeding five (5) Business Days after the Conversion Date, the Maker shall deliver or cause to be delivered, to or upon the written order of the Payee of this Note so converted, certificates representing the number of fully paid and nonassessable shares of Common Stock into which this Note has been converted in accordance with the provisions of this Section 3. If so requested by the Maker, the Payee shall, within a reasonable time (not exceeding five (5) Business Days after receipt by the Payee of such certificates), surrender this Note to the Maker for cancellation, against delivery of a replacement Note representing the remaining balance (if any) of this Note which has not been converted. Subject to the following provisions of this Section 3, such conversion shall be deemed to have occurred on the Conversion Date, so that the Payee of this Note or such Payee’s designee(s) shall be treated for all purposes as having become the record Payee of such shares of Common Stock at such time.

Issuance of Common Stock Upon Conversion. Within a reasonable time, not exceeding five (5) Business Days after the Conversion Date, the Maker shall deliver or cause to be delivered, to or upon the written order of the Payee of this Note so converted, certificates representing the number of fully paid and nonassessable shares of Common Stock into which this Note or the applicable portion hereof has been converted in accordance with the provisions of this Section 3. If so requested by the Maker, the Payee shall, within a reasonable time (not exceeding five (5) Business Days after receipt by the Payee of such certificates), surrender this Note to the Maker for cancellation, against delivery of a replacement Note representing the remaining balance (if any) of this Note which has not been converted. Subject to the following provisions of this Section 3, such conversion shall be deemed to have occurred on the Conversion Date, so that the Payee of this Note or such the Payee’s 's designee(s) shall be treated for all purposes as having become the record Payee holder of such shares of Common Stock at such time.

Issuance of Common Stock Upon Conversion. Within a reasonable time, not exceeding five (5) Business Days after the date of the Borrower's receipt of any conversion election (the "Conversion Date"), the Maker Borrower shall deliver or cause to be delivered, to or upon the written order of the Payee of this Note so convertedLender, certificates representing the number of fully paid and nonassessable shares of Common Stock into which this principal of the Note has been converted in accordance with the provisions of this Section 3converted. If so requested by the MakerBorrower, the Payee Lender shall, within a reasonable time (not exceeding five (5) Business Days after receipt by the Payee Lender of such certificates), surrender this the Note to the Maker Borrower for cancellation, against delivery of a replacement Note representing the remaining balance (if any) of this the Note which has not been converted. Subject to the following provisions of this Section 3provisions, such conversion shall be deemed to have occurred on the Conversion Date, so that the Payee of this Note Lender or such Payee’s the Lender's designee(s) shall be treated for all purposes as having become the record Payee holder of such shares of Common Stock at such time.

Issuance of Common Stock Upon Conversion. Within a reasonable time, not exceeding five (5) Business Days after the Conversion Date, the Maker shall deliver or cause to be delivered, to or upon the written order of the Payee of this Note so convertedPayee, certificates representing the number of fully paid and nonassessable shares of Common Stock into which this Note has been converted in accordance with the provisions of this Section 3. If so requested by the Maker, the Payee shall, within a reasonable time (not exceeding five (5) Business Days after receipt by the Payee of such certificates), surrender this Note to the Maker for cancellation, against delivery of a replacement Note representing the remaining balance (if any) of this Note which has not been converted. Subject to the following provisions of this Section 3, such conversion shall be deemed to have occurred on the Conversion Date, so that the Payee of this Note or such PayeeXxxxx’s designee(s) shall be treated for all purposes as having become the record Payee holder of such shares of Common Stock at such time.

Issuance of Common Stock Upon Conversion. Within a reasonable time, not exceeding five (5) Business Days after the Conversion Date, the Maker shall deliver or cause to be delivered, to or upon the written order of the Payee of this Note so converted, certificates representing the number of fully paid and nonassessable shares of Common Stock into which this Note has been converted in accordance with the provisions of this Section 3. If so requested by the Maker, the Payee shall, within a reasonable time (not exceeding five (5) Business Days after receipt by the Payee of such certificates), surrender this Note to the Maker for cancellation, against delivery of a replacement Note representing the remaining balance (if any) of this Note which has not been converted. Subject to the following provisions of this Section 3, such conversion shall be deemed to have occurred on the Conversion Date, so that the Payee of this Note or such the Payee’s 's designee(s) shall be treated for all purposes as having become the record Payee holder of such shares of Common Stock at such time.

Issuance of Common Stock Upon Conversion. Within a reasonable time, not exceeding five (5) Business Days after the Conversion Date, the Maker shall deliver or cause to be delivered, to or upon the written order of the Payee of this Note so converted, certificates representing the number of fully paid and nonassessable shares of Common Stock into which this Note has been converted in accordance with the provisions of this Section 3. If so requested by the Maker, the Payee shall, within a reasonable time (not exceeding five (5) Business Days after receipt by the Payee of such certificates), surrender this Note to the Maker for cancellation, against delivery of a replacement Note representing the remaining balance (if any) of this Note which has not been converted. Subject to the following provisions of this Section 3, such conversion shall be deemed to have occurred on the Conversion Date, so that the Payee of this Note or such the Payee’s designee(s) shall be treated for all purposes as having become the record Payee of such shares of Common Stock at such time.

Issuance of Common Stock Upon Conversion. Within a reasonable time, not exceeding five (5) Business Days after the Conversion Date, the Maker shall deliver or cause to be delivered, to or upon the written order of the Payee of this Note so converted, certificates representing the number of fully paid and nonassessable shares of Common Stock into which this Note has been converted in accordance with the provisions of this Section 3. If so requested by the Maker, the Payee shall, within a reasonable time (not exceeding five (5) Business Days after receipt by the Payee of such certificates), surrender this Note to the Maker for cancellation, against delivery of a replacement Note representing the remaining balance (if any) of this Note which has not been converted. Subject to the following provisions of this Section 3, such conversion shall be deemed to have occurred on the Conversion Date, so that the Payee of this Note or such PayeeXxxxx’s designee(s) shall be treated for all purposes as having become the record Payee holder of such shares of Common Stock at such time.