Other Conversion Limitations. Conversions shall not be allowed should such a conversion (i) violate any provision of the charter, bylaws or other organizational or constitutional documents, (ii) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge or other restriction of any Governmental Authority to which the holder is subject, (iii) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify or cancel or require any notice under any agreement, contract, lease, license, instrument or other arrangement to which the holder is a party or by which it is bound or to which any of its assets are subject.
Other Conversion Limitations. Except as set forth below, the Holder shall not submit Conversion Notices in respect of more than the Monthly Maximum Amount in any monthly period beginning on the first day of such month and ending on the last day of the same month. This Section (3)(c)(iii) shall not apply (i) at any time upon the occurrence and during the continuance of an Event of Default, and (ii) with respect to any Conversion Notice where the Conversion Price is equal to the Fixed Price. This Section (3)(c)(iii) may be waived with the written consent of the Company.
Other Conversion Limitations. The Holder agrees that, except as set forth below, it shall not convert more than an aggregate of $500,000 of Conversion Amount of this Note and any Other Notes held by the Holder in any consecutive 30-day period. The limitations agreed by the Holder in this section shall not apply (i) at any time upon the occurrence and during the continuance of an Event of Default, and (ii) with respect to any conversions where the Conversion Price is greater than or equal to the Fixed Price. This limitation may be waived with the consent of the Company.
Other Conversion Limitations. Except as set forth below, the Holder shall not (a) submit any Conversion Notice prior to May 1, 2024, or (b) submit Conversion Notices in respect of more than $9,000,000 of the outstanding Principal balance under this Note and the Other Notes, plus accrued and unpaid interest, if any, in the aggregate in any monthly period beginning on the first day of such month and ending on the last day of the same month. This Section (3)(c)(iii) shall not apply (i) at any time upon the occurrence and during the continuance of an Event of Default, and (ii) with respect to any Conversion Notice where the Conversion Price is equal to the Fixed Price. This Section (3)(c)(iii) may be waived with the written consent of the Company.
Other Conversion Limitations. The Holder agrees that it shall not convert more than an aggregate of $2,000,000 of Principal amount of this Note and any Other Note held by the Holder in any Calendar Month utilizing the Variable Price. This limitation shall not apply (i) at any time upon the occurrence and during the continuance of an Event of Default, and (ii) with respect to any conversions utilizing the Fixed Price, and may be waived with the consent of the Company.
Other Conversion Limitations. So long as no Event of Default has occurred (i) the Holder shall not effect any Conversions of this Debenture using the Variable Conversion Price prior to March 20, 2020, (ii) thereafter, the Holder shall not convert more than an aggregate of $500,000 of Principal amount of this Debenture and any Other Debenture held by the Holder or an affiliate of the Holder in any thirty (30) day period utilizing the Variable Conversion Price (subject to the Floor Price as set out in Section 3(a)(ii)). This limitation may be waived with the consent of the Company. No limit shall apply with respect to Conversions using the Fixed Conversion Price.
Other Conversion Limitations. During any calendar month period, the Holder agrees that it shall not convert, together with its affiliates, more than an aggregate amount of Principal equal to the greater of (a) 15% of the aggregate of the Daily Traded Value on each Trading Day during such calendar month period, or (2) $750,000; provided, however, that the foregoing limitation in this Section (3)(c)(iii) shall not apply (A) at any time upon the occurrence and during the continuance of an Event of Default, and (B) with respect to any conversions where the Conversion Price is greater than or equal to the Fixed Price, and may be waived with written consent of the Company.
Other Conversion Limitations. So long as no Event of Default has occurred, the Holder agrees that it shall not, on any given Conversion Date, convert an aggregate Conversion Amount (of this Debenture and any Other Debenture held by the Holder) using a Conversion Price based on the Variable Conversion Price that would result in Conversion Shares in excess of the Holder’s Proportion of 20% of the total volume of Shares traded on the Primary Market during the 21 Trading Day period immediately preceding such Conversion Date. This limitation shall not apply to conversions using a Conversion Price equal to the Fixed Conversion Price (unless waived with the consent of the Company), provided however, with respect to any conversions by the Holder using a Conversion Price equal to the Fixed Conversion Price, the number of such Conversion Shares that the Holder may sell on any given Trading Day shall not exceed the Holder’s Proportion of 20% of the daily volume of shares traded on the Primary Market. The Holder agrees that it shall not, on any given Conversion Date, convert an aggregate Conversion Amount (of this Debenture and any Other Debenture held by the Holder) that is less than the Holder’s Proportion of $50,000, unless the outstanding balance is less than such limitation.
Other Conversion Limitations. The Holder agrees that it shall not convert any portion of this Debenture during the 180 days immediately following the Issuance Date. The limitation on conversion set forth in this Section 4(c)(ii) may be waived with the consent of the Company, in its sole discretion.
Other Conversion Limitations. Except as set forth below, the Holder shall not submit Conversion Notices (a) prior to September 14, 2024, and (b) in respect to amounts outstanding under this Note and the Other Notes that would exceed the $300,000 in any consecutive 30-day period. This limitation shall not apply (i) at any time upon the occurrence and during the continuance of an Event of Default, and (ii) with respect to any Conversion Notices where the Conversion Price is equal to the Fixed Price. This limitation may be waived with the consent of the Company.
