Common use of Most Favored Financing Clause in Contracts

Most Favored Financing. If after the Closing Date, but prior to the Purchaser's conversion of all the Debentures, the Company raises money under either Regulation D or Regulation S on terms that are more favorable than those terms set forth in this Subscription Agreement, then in such event, the Purchaser at its sole option shall be entitled to completely replace the terms of this Subscription Agreement with the terms of the more beneficial Subscription Agreement as to that balance, including accrued interest and any accumulated liquidated damages, remaining on Purchaser's original investment. The Debentures are subject to a mandatory, 24 month conversion feature at the end of which all Debentures outstanding will be automatically converted, upon the terms set forth in this section ("Mandatory Conversion Date").

Most Favored Financing. If after the Closing Date, but prior to the PurchaserHolder's conversion of all the Debentures, the Company raises money under either Regulation D or Regulation S on terms that are more favorable than those terms set forth in this Subscription AgreementDebenture, then in such event, the Purchaser Holder at its sole option shall be entitled to completely replace the terms of this Subscription Agreement Debenture with the terms of the more beneficial Subscription Agreement Debenture as to that balance, including accrued interest and any accumulated liquidated damages, remaining on PurchaserXxxxxx's original investment. The Debentures are subject to a mandatory, 24 month conversion feature at the end of which all Debentures outstanding will be automatically converted, upon the terms set forth in this section ("Mandatory Conversion Date").

Most Favored Financing. If after the Closing Date, but prior to the Purchaser's Purchaser?s conversion of all the Debentures, the Company raises money under either Regulation D or Regulation S on terms that are more favorable than those terms set forth in this Subscription Agreement, then in such event, the Purchaser at its sole option shall be entitled to completely replace the terms of this Subscription Agreement with the terms of the more beneficial Subscription Agreement as to that balance, including accrued interest and any accumulated liquidated damages, remaining on Purchaser's Purchaser?s original investment. The Debentures are subject to a mandatory, 24 month conversion feature at the end of which all Debentures outstanding will be automatically converted, upon the terms set forth in this section ("?Mandatory Conversion Date"?).

Most Favored Financing. If after the Closing Due Date, but prior to the PurchaserHolder's conversion of all the Debentures, the Company raises money under either Regulation D or Regulation S on terms that are more favorable than those terms set forth in this Subscription AgreementDebenture, then in such event, the Purchaser Holder at its sole option shall be entitled to completely replace the terms of this Subscription Agreement Debenture with the terms of the more beneficial Subscription Agreement Debenture as to that balance, including accrued interest and any accumulated liquidated damages, remaining on PurchaserHolder's original investment. The Debentures are subject to a mandatory, 24 month conversion feature at the end of which all Debentures outstanding will be automatically converted, upon the terms set forth in this section ("Mandatory Conversion Date").