Optional Conversion prior to Maturity Sample Clauses
Optional Conversion prior to Maturity. On each Optional Conversion Date, if any, all principal to be repaid on such date, along with a proportional amount of all other amounts then payable under the Note (except for interest, which shall be paid in accordance with Section 5.3 of this Note) shall be paid in shares of the Maker’s Common Stock at a conversion price (the “Optional Principal Conversion Price”) equal to the Closing Price.
Optional Conversion prior to Maturity. Prior to the Maturity Date, all or a portion of the principal payable hereunder, along with a proportional amount of all other amounts then payable under the Note (except for interest, which is subject to payment in accordance with Section 4.3 of this Note), may from time to time, at the sole option of the Holder, be repaid with shares of the Maker’s Common Stock in accordance with the terms of Section 5.2 of this Note. Each date of such an optional conversion shall be referred to herein as an “Optional Conversion Date”.