Mechanics of Optional Conversion. As soon as practicable following surrender by the Investor of the original of this Note, the Company shall issue and deliver to Investor a certificate or certificates for the shares of Common Stock into which the Note has been converted (bearing such legends as may be required or advisable in the opinion of counsel to the Company). Such conversion shall be deemed to have been made immediately prior to the close of business on the date selected for the conversion and the Investor shall be treated for all purposes as the record holder or holders of such Common Stock on such date.
Appears in 12 contracts
Samples: Convertible Secured Subordinated Note Purchase Agreement (MobileSmith, Inc.), Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.), Convertible Secured Subordinated Promissory Notes (MobileSmith, Inc.)
Mechanics of Optional Conversion. As soon as practicable following surrender by the Investor of the original of this its Note, the Company shall issue and deliver to Investor a certificate or certificates for the shares of Common Stock into which the Note has been converted (bearing such legends as may be required or advisable in the opinion of counsel to the Company). Such conversion shall be deemed to have been made immediately prior to the close of business on the date selected for the conversion Maturity Date, and the Investor shall be treated for all purposes as the record holder or holders of such Common Stock on such date.
Appears in 3 contracts
Samples: Reimbursement Agreement (Smart Online Inc), Convertible Note (Smart Online Inc), Note Agreement (Smart Online Inc)
Mechanics of Optional Conversion. As soon as practicable following surrender by the Investor of the original of this Note, the Company shall issue and deliver to Investor a certificate or certificates for the shares of Common Stock into which the Note has been converted (bearing such legends as may be required or advisable in the opinion of counsel to the Company). Such conversion shall be deemed to have been made immediately prior to the close of business on the date selected for the conversion Maturity Date, and the Investor shall be treated for all purposes as the record holder or holders of such Common Stock on such date.
Appears in 3 contracts
Samples: Convertible Secured Subordinated Note Purchase Agreement (Smart Online Inc), Convertible Secured Subordinated Note Purchase Agreement (Smart Online Inc), Convertible Secured Subordinated Note Purchase Agreement (Smart Online Inc)
Mechanics of Optional Conversion. As soon as practicable following surrender by the Investor of the original of this its Note, the Company shall issue and deliver to Investor a certificate or certificates for the shares of Common Stock into which the Note has been converted (bearing such legends as may be required or advisable in the opinion of counsel to the Company). Such conversion shall be deemed to have been made immediately prior to the close of business on the date selected for the conversion Maturity Date, and the Investor shall be treated for all purposes as the record holder or holders of such Common Stock on such date.. -4- (c) Fractional Shares; Interest;
Appears in 1 contract
Samples: Reimbursement Agreement
Mechanics of Optional Conversion. As soon as practicable following surrender by the Investor of the original of this Note, the Company shall issue and deliver to Investor a certificate or certificates for the shares of Common Stock into which the Note has been converted (bearing such legends as may be required or advisable in the opinion of counsel to the Company). Such conversion shall be deemed to have been made immediately prior to the close of business on the date selected for the conversion and the Investor shall be treated for all purposes as the record holder or holders of such Common Stock on such date.β
Appears in 1 contract
Samples: Convertible Secured Subordinated Note Purchase Agreement (Smart Online Inc)
