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.
Appears in 4 contracts
Samples: Convertible Promissory Note (Biohitech Global, Inc.), Subordinated Convertible Promissory Note (Biohitech Global, Inc.), Convertible Promissory Note (Workhorse Group Inc.)
