Common use of Make-Whole Rights Clause in Contracts

Make-Whole Rights. Upon liquidation by the Lender of Conversion Shares issued pursuant to a Conversion Notice, provided that the Lender realizes a net amount from such liquidation equal to less than the Conversion Amount specified in the relevant Conversion Notice (such net realized amount, the “Realized Amount”), the Borrower shall issue to the Lender additional shares of the Borrower’s Common Stock equal to: (i) the Conversion Amount specified in the relevant Conversion Notice; minus

Appears in 9 contracts

Samples: Convertible Note (Artec Global Media, Inc.), Convertible Note (Artec Global Media, Inc.), Convertible Note (Artec Global Media, Inc.)

AutoNDA by SimpleDocs

Make-Whole Rights. Upon liquidation by the Lender of Conversion Shares issued pursuant to a Conversion Notice, provided that the Lender realizes a net amount from such liquidation equal to less than the Conversion Amount specified in the relevant Conversion Notice (such net realized amount, the "Realized Amount"), the Borrower shall issue to the Lender additional shares of the Borrower’s 's Common Stock equal to: (i) the Conversion Amount specified in the relevant Conversion Notice; minus

Appears in 5 contracts

Samples: Note Agreement (Artec Global Media, Inc.), Note (Artec Global Media, Inc.), Note (Artec Global Media, Inc.)

Make-Whole Rights. Upon liquidation by the Lender of Conversion Shares issued pursuant to a Conversion Notice, provided that providedthat the Lender realizes a net amount from such liquidation equal to less than the Conversion Amount specified in the relevant Conversion Notice (such net realized amount, the "Realized Amount"), the Borrower shall issue to the Lender additional shares of the Borrower’s 's Common Stock equal to: (i) the Conversion Amount specified in the relevant Conversion Notice; minus

Appears in 4 contracts

Samples: Note Agreement (Pulse Network, Inc.), Note Agreement (Pulse Network, Inc.), Note (Pulse Network, Inc.)

Make-Whole Rights. Upon liquidation by the Lender Holder of Conversion Shares issued pursuant to a Conversion Notice, provided that the Lender Holder realizes a net amount from such liquidation equal to less than the Conversion Amount specified in the relevant Conversion Notice (such net realized amount, the “Realized Amount”), the Borrower Company shall issue to the Lender Holder additional shares of the BorrowerCompany’s Common Stock equal to: (i) the Conversion Amount specified in the relevant Conversion Notice; minus

Appears in 2 contracts

Samples: Note Agreement (Puramed Bioscience Inc.), Note (Progressive Care Inc.)

Make-Whole Rights. Upon liquidation by the Lender Holder of Conversion Shares issued pursuant to a Conversion Notice, provided that the Lender Holder realizes a net amount from such liquidation equal to less than the Conversion Amount specified in the relevant Conversion Notice (such net realized amount, the “Realized Amount”), the Borrower shall issue to the Lender Holder additional shares of the Borrower’s Common Stock equal to: (i) the Conversion Amount specified in the relevant Conversion Notice; minus

Appears in 2 contracts

Samples: Debt Purchase Agreement (KSIX Media Holdings, Inc.), Credit Agreement (THEDIRECTORY.COM, Inc.)

AutoNDA by SimpleDocs

Make-Whole Rights. Upon liquidation by the Lender Holder of Conversion Shares issued pursuant to a Conversion NoticeNotice of Conversion, provided that the Lender Holder realizes a net amount from such liquidation equal to less than the Conversion Amount specified in the relevant Notice of Conversion Notice (such net realized amount, the “Realized Amount”), the Borrower Company shall issue to the Lender Holder additional shares of the BorrowerCompany’s Common Stock equal to: (i) the Conversion Amount specified in the relevant Conversion NoticeNotice of Conversion; minus

Appears in 1 contract

Samples: Convertible Security Agreement (Grow Solutions Holdings, Inc.)

Make-Whole Rights. Upon liquidation by the Lender of Conversion Shares issued pursuant to a Conversion Notice, provided that the Lender realizes a net amount from such liquidation equal to less than the Conversion Amount specified in the relevant Conversion Notice (such net realized amount, the "Realized Amount"), the Borrower Company shall issue to the Lender additional shares of the Borrower’s Company's Common Stock equal to: (i) the Conversion Amount specified in the relevant Conversion Notice; minus

Appears in 1 contract

Samples: Note (Artec Global Media, Inc.)

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