Common use of Mechanics of Xxxxxx’s Conversion Clause in Contracts

Mechanics of Xxxxxx’s Conversion. In the event that the Holder elects to convert any amounts outstanding under this Note into Conversion Shares, the Holder shall give notice of such election by delivering an executed and completed notice of conversion (a "Notice of Conversion") to the Borrower, which Notice of Conversion shall provide a breakdown in reasonable detail of the Principal Amount, accrued interest and amounts being converted. The original Note is not required to be surrendered to the Borrower until all sums due under the Note have been paid. On each Conversion Date and in accordance with its Notice of Conversion, the Holder shall make the appropriate reduction to the Principal Amount, accrued interest and fees as entered in its records. Each date on which a Notice of Conversion is delivered or telecopied to the Borrower in accordance with the provisions hereof shall be deemed a "Conversion Date." A form of Notice of Conversion to be employed by the Holder is annexed hereto as Exhibit C. Upon delivery of a Notice of Conversion in proper form, the Principal Amount and interest covered by such Notice of Conversion shall be deemed to be converted for all purposes, without further action required on the part of the Holder or Borrower.

Mechanics of Xxxxxx’s Conversion. (a) In the event that the Holder elects to convert any amounts outstanding under this Note into Conversion SharesCommon Stock, the Holder shall give notice of such election by delivering an executed and completed notice of conversion (a "Notice of Conversion") to the Borrower, which Notice of Conversion shall provide a breakdown in reasonable detail of the Principal Amount, accrued interest and amounts being converted. The original Note is not required to be surrendered to the Borrower until all sums due under the Note have been paid. On each Conversion Date (as hereinafter defined) and in accordance with its Notice of Conversion, the Holder shall make the appropriate reduction to the Principal Amount, accrued interest and fees as entered in its recordsrecords and shall provide written notice thereof to the Borrower within three (3) business days after the Conversion Date. Each date on which a Notice of Conversion is delivered or telecopied to the Borrower in accordance with the provisions hereof shall be deemed a "Conversion Date." A form of Notice of Conversion to be employed by the Holder is annexed hereto as Exhibit C. Upon delivery of a Notice of Conversion in proper form, the Principal Amount and interest covered by such Notice of Conversion shall be deemed to be converted for all purposes, without further action required on the part of the Holder or Borrower.A.

Mechanics of Xxxxxx’s Conversion. (a) In the event that the Holder elects to convert any amounts outstanding under this Note into Conversion SharesCommon Stock, the Holder shall give notice of such election by delivering an executed and completed notice of conversion (a "Notice of Conversion") to the Borrower, which Notice of Conversion shall provide a breakdown in reasonable detail of the Principal Amount, accrued interest and amounts fees being converted. The original Note is not required to be surrendered to the Borrower until all sums due under the Note have been paid. On each Conversion Date (as hereinafter defined) and in accordance with its Notice of Conversion, the Holder shall make the appropriate reduction to the Principal Amount, accrued interest and fees as entered in its recordsrecords and shall provide written notice thereof to the Borrower within three (3) business days after the Conversion Date. Each date on which a Notice of Conversion is delivered or telecopied to the Borrower in accordance with the provisions hereof shall be deemed a "Conversion Date." A form of Notice of Conversion to be employed by the Holder is annexed hereto as Exhibit C. Upon delivery of a Notice of Conversion in proper form, the Principal Amount and interest covered by such Notice of Conversion shall be deemed to be converted for all purposes, without further action required on the part of the Holder or Borrower.A.

Mechanics of Xxxxxx’s Conversion. (a) In the event that the Holder elects to convert any amounts outstanding under this Note into Conversion SharesCommon Stock, the Holder shall give notice of such election by delivering an executed and completed notice of conversion (a "Notice of Conversion") to the Borrower, which Notice of Conversion shall provide a breakdown in reasonable detail of the Principal Amount, accrued interest and amounts fees being converted. The original Note is not required to be surrendered to the Borrower until all sums due under the Note have been paid. On each Conversion Date (as hereinafter defined) and in accordance with its Notice of Conversion, the Holder shall make the appropriate reduction to the Principal Amount, accrued interest and fees as entered in its recordsrecords and shall provide written notice thereof to the Borrower within three (3) business days after the Conversion Date. Each date on which a Notice of Conversion is delivered or telecopied to the Borrower in accordance with the provisions hereof shall be deemed a "Conversion Date." ". A form of Notice of Conversion to be employed by the Holder is annexed hereto as Exhibit C. Upon delivery of a Notice of Conversion in proper form, the Principal Amount and interest covered by such Notice of Conversion shall be deemed to be converted for all purposes, without further action required on the part of the Holder or Borrower.A.