Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholders, this Note will convert into that number of Conversion Shares equal to the quotient (rounded down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of this Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 3 contracts
Samples: Convertible Promissory Note, Convertible Promissory Note, Convertible Promissory Note
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholders, this each Note will convert into that number of Conversion Shares Securities equal to the quotient (rounded down up to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of this such Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 2 contracts
Samples: Convertible Note Purchase Agreement (ASP Isotopes Inc.), Convertible Note Purchase Agreement (ASP Isotopes Inc.)
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholders, this each Note will convert into that number of Conversion Shares equal to the quotient (rounded down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of this such Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 2 contracts
Samples: Convertible Note Purchase Agreement (Armed Forces Brewing Company, Inc.), Equity Incentive Plan (Armed Forces Brewing Company, Inc.)
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholders, this Note will convert into that number of Conversion Shares equal to the quotient (rounded down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of this Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 1 contract
Maturity Conversion. At any time on or after On the Maturity Date, at the election of the Requisite Noteholders, this each Note will convert into that number of Conversion Shares equal to the quotient (rounded down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of this such Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 1 contract
Samples: Convertible Note Purchase Agreement (MedicaMetrix, Inc/De)
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholders, this Note will convert into that number of Conversion Shares equal to the quotient (rounded down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of this Note on the date of such conversion by (y) the applicable Conversion Price.Price.
Appears in 1 contract
Samples: Convertible Promissory Note
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholdersholder, this each Note will convert into that number of Conversion Shares equal to the quotient (rounded down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of this such Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 1 contract
Samples: Convertible Note Purchase Agreement (Professional Diversity Network, Inc.)
