Mechanics of Fulfilling Holder’s Election. Upon receipt of a facsimile copy of a Conversion Notice from the Holder which cannot be fully satisfied as described in Section 3.8(a) above, the Company shall within two (2) Trading Days send via facsimile to the Holder a notice of the Company's inability to fully satisfy the Conversion Notice (the "Inability to Fully Convert Notice"). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company is unable to fully satisfy the Holder's Conversion Notice, (ii) the amount of this Note which cannot be converted and (iii) the applicable Mandatory Prepayment Price. The Holder shall notify the Maker of its election pursuant to Section 3.8(a) above by delivering written notice via facsimile to the Maker ("Notice in Response to Inability to Convert").
Appears in 3 contracts
Samples: Convertible Note (Total Luxury Group Inc), Convertible Note (Total Luxury Group Inc), Senior Secured Note (Total Luxury Group Inc)
Mechanics of Fulfilling Holder’s Election. Upon The Company shall immediately send via facsimile to the Holder, upon receipt of a facsimile copy of a Conversion Notice from the Holder which cannot be fully satisfied as described in Section 3.8(a3.7(a) above, the Company shall within two (2) Trading Days send via facsimile to the Holder a notice of the Company's ’s inability to fully satisfy the Conversion Notice (the "“Inability to Fully Convert Notice"”). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company is unable to fully satisfy the Holder's ’s Conversion Notice, (ii) the amount of this Note which cannot be converted and (iii) the applicable Mandatory Prepayment Price. The Holder shall notify the Maker Company of its election pursuant to Section 3.8(a3.7(a) above by delivering written notice via facsimile to the Maker Company ("“Notice in Response to Inability to Convert"”).
Appears in 3 contracts
Samples: Membership Interest Purchase Agreement (Boxlight Corp), Convertible Promissory Note (Boxlight Corp), Convertible Promissory Note (Boxlight Corp)
Mechanics of Fulfilling Holder’s Election. Upon The Company shall immediately send via facsimile to the Holder, upon receipt of a facsimile copy of a Conversion Notice from the Holder which cannot be fully satisfied as described in Section 3.8(a3.7(a) above, the Company shall within two (2) Trading Days send via facsimile to the Holder a notice of the Company's ’s inability to fully satisfy the Conversion Notice (the "“Inability to Fully Convert Notice"”). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company is unable to fully satisfy the Holder's such holder’s Conversion Notice, (ii) the amount of this Note which cannot be converted and (iii) the applicable Mandatory Prepayment Price. The Holder shall notify the Maker Company of its election pursuant to Section 3.8(a3.7(a) above by delivering written notice via facsimile to the Maker Company ("“Notice in Response to Inability to Convert"”).
Appears in 2 contracts
Samples: Debt Exchange Agreement (Eco Innovation Group, Inc.), Debt Exchange Agreement (Eco Innovation Group, Inc.)
Mechanics of Fulfilling Holder’s Election. Upon The Maker shall immediately send via facsimile to the Holder, upon receipt of a facsimile copy of a Conversion Notice from the Holder which cannot be fully satisfied as described in Section 3.8(a3.9(a) above, the Company shall within two (2) Trading Days send via facsimile to the Holder a notice of the CompanyMaker's inability to fully satisfy the Conversion Notice (the "Inability to Fully Convert Notice"). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company Maker is unable to fully satisfy the Holdersuch holder's Conversion Notice, (ii) the amount of this the Note which cannot be converted and (iii) the applicable Mandatory Prepayment Price. The Holder shall notify the Maker of its election pursuant to Section 3.8(a) above by delivering written notice via facsimile to the Maker ("Notice in Response to Inability to Convert").
Appears in 2 contracts
Samples: Secured Convertible Promissory Note (Armitec Inc), Secured Convertible Promissory Note (Armitec Inc)
Mechanics of Fulfilling Holder’s Election. Upon The Maker shall immediately send via facsimile to the Holder, upon receipt of a facsimile copy of a Conversion Notice from the Holder which cannot be fully satisfied as described in Section 3.8(a) above, the Company shall within two (2) Trading Days send via facsimile to the Holder a notice of the CompanyMaker's inability to fully satisfy the Conversion Notice (the "Inability to Fully Convert Notice"). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company Maker is unable to fully satisfy the Holdersuch holder's Conversion Notice, (ii) the amount of this the Note which cannot be converted and (iii) the applicable Mandatory Prepayment Price. The Holder shall notify the Maker of its election pursuant to Section 3.8(a) above by delivering written notice via facsimile to the Maker ("Notice in Response to Inability to Convert").
Appears in 2 contracts
Samples: Senior Secured Convertible Promissory Note (Vertel Corp), Note Agreement (Imaging Technologies Corp/Ca)
Mechanics of Fulfilling Holder’s Election. Upon The Company shall immediately send via facsimile to the Holder, upon receipt of a facsimile copy of a Conversion Notice from the Holder which cannot be fully satisfied as described in Section 3.8(a3.7(a) above, the Company shall within two (2) Trading Days send via facsimile to the Holder a notice of the Company's inability to fully satisfy the Conversion Notice (the "Inability to Fully Convert Notice"). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company is unable to fully satisfy the Holder's Conversion Notice, (ii) the amount of this the applicable Note which cannot be converted and (iii) the applicable Mandatory Prepayment Price. The Holder shall notify the Maker Company of its election pursuant to Section 3.8(a3.7(a) above by delivering written notice via facsimile to the Maker Company (the "Notice in Response to Inability to Convert").
Appears in 1 contract
Mechanics of Fulfilling Holder’s Election. Upon receipt of a facsimile copy of a Conversion Notice from the Holder which cannot be fully satisfied as described in Section 3.8(a) above, the Company shall within two (2) Trading Days send via facsimile to the Holder a notice of the CompanyCompany 's inability to fully satisfy the Conversion Notice (the "“Inability to Fully Convert Notice"”). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company is unable to fully satisfy the Holder's Conversion Notice, (ii) the amount of this Note which cannot be converted and (iii) the applicable Mandatory Prepayment Price. The Holder shall notify the Maker Makers of its election pursuant to Section 3.8(a) above by delivering written notice via facsimile to the Maker Makers ("“Notice in Response to Inability to Convert"”).
Appears in 1 contract
Samples: Convertible Promissory Note (Juma Technology Corp.)
Mechanics of Fulfilling Holder’s Election. Upon The Company shall immediately send via facsimile to the Holder, upon receipt of a facsimile copy of a Conversion Notice from the Holder which cannot be fully satisfied as described in Section 3.8(a3.7(a) above, the Company shall within two (2) Trading Days send via facsimile to the Holder a notice of the Company's ’s inability to fully satisfy the Conversion Notice (the "Inability to Fully Convert Notice"). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company is unable to fully satisfy the Holder's ’s Conversion Notice, (ii) the amount of this the applicable Note which cannot be converted and (iii) the applicable Mandatory Prepayment Price. The Holder shall notify the Maker Company of its election pursuant to Section 3.8(a3.7(a) above by delivering written notice via facsimile to the Maker Company (the "Notice in Response to Inability to Convert").
Appears in 1 contract
