Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares.”
Appears in 11 contracts
Samples: Securities Purchase Agreement (Modtech Holdings Inc), Other Companies (American Technologies Group Inc), Other Companies (American Technologies Group Inc)
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “"Conversion Shares.”"
Appears in 10 contracts
Samples: Cyber Digital Inc, On the Go Healthcare Inc, Ams Health Sciences Inc
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares"CONVERSION SHARES.”"
Appears in 6 contracts
Samples: Fortune Diversified Industries Inc, Xstream Beverage Network, Inc., American Technologies Group Inc
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable non-assessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares.”
Appears in 4 contracts
Samples: NewMarket Technology Inc, General Environmental Management, Inc, General Environmental Management, Inc
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares.”
Appears in 4 contracts
Samples: Waiver Agreement (Xfone Inc), Biodelivery Sciences International Inc, Biodelivery Sciences International Inc
Optional Conversion. Subject to the terms set forth in this Article III, on or after August 17, 2008, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable non-assessable shares of Common Stock at the applicable Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares.”
Appears in 3 contracts
Samples: Other Companies (ProLink Holdings Corp.), Other Companies (ProLink Holdings Corp.), Other Companies (ProLink Holdings Corp.)
Optional Conversion. Subject to the terms set forth in this -------------------- Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares"CONVERSION SHARES.”"
Appears in 2 contracts
Optional Conversion. Subject to the terms set forth in this Article IIIIII and the availability of issuable Common Stock, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares"CONVERSION SHARES.”"
Appears in 2 contracts
Samples: Windswept Environmental Group Inc, Windswept Environmental Group Inc
Optional Conversion. Subject to the terms set forth in this Article IIIIII and the availability of issuable Common Stock, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “"Conversion Shares.”"
Appears in 2 contracts
Samples: Windswept Environmental Group Inc, Windswept Environmental Group Inc
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares"CONVERSION SHARES.”"
Appears in 1 contract
Samples: Riviera Tool Co
Optional Conversion. Subject to the terms set forth in this Article III, and notwithstanding any conversions pursuant to Article II, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares.”
Appears in 1 contract
Samples: Earthfirst Technologies Inc
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, at any time prior to the indefeasible payment in full of the Obligations, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “"Conversion Shares.”"
Appears in 1 contract
Samples: American Mold Guard Inc
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable payable, in accordance with the terms and conditions of the Purchase Agreement and the Related Agreements, into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares.”
Appears in 1 contract
Samples: Patients & Physicians, Inc.
Optional Conversion. Subject to the terms set forth in of this Article IIIII, the Holder shall have the right, but not the obligation, during an Event of Default (as defined in Article III), and, subject to the limitations set forth in Section 2.2 hereof, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable restricted shares of Common Stock at the Fixed Conversion PricePrice (defined in the MB Note). The shares of Common Stock to be issued upon such conversion are herein referred to as, as the “Conversion Shares.”
Appears in 1 contract
Samples: Artemis International Solutions Corp
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares.”” For purposes hereof, subject to Section 3.6 hereof, the initial “Fixed Conversion Price” means $3.28.
Appears in 1 contract
Samples: Securities Purchase Agreement (Standard Management Corp)
Optional Conversion. Subject to the terms set forth in this Article III, on or after August __, 2008, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the applicable Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares.”
Appears in 1 contract
Samples: ProLink Holdings Corp.
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid Secured Convertible Term Note and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares.”
Appears in 1 contract
Samples: Chad Therapeutics Inc
Optional Conversion. Subject to the terms set forth in this Article -------------------- III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable (in an amount not to exceed the Convertible Amount) into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion and/or pursuant to Section 2.1(b) are herein referred to as, the “"Conversion Shares.”"
Appears in 1 contract
Samples: Windswept Environmental Group Inc
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares.”” Secured Convertible Term Note 3
Appears in 1 contract
Samples: Jagged Peak, Inc.
Optional Conversion. Subject to the terms set forth in this Article -------------------- III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion Shares"CONVERSION SHARES.”"
Appears in 1 contract
Samples: New Century Energy Corp.
Optional Conversion. Subject to the terms set forth in this Article III, the Holder shall have the right, but not the obligation, to convert all or any portion of the issued and outstanding Principal Amount and/or accrued interest and fees due and payable into fully paid and nonassessable shares of Common Stock at the Fixed Conversion Price. The shares of Common Stock to be issued upon such conversion are herein referred to as, the “Conversion "CONVERSION Shares.”"
Appears in 1 contract
Samples: American Technologies Group Inc