Common use of Pro-rata Conversion and Prepayment Clause in Contracts

Pro-rata Conversion and Prepayment. In the event the Company receives an Optional Conversion Notice from the Holder and the Other Holders on the same day and the Company can convert and prepay some, but not all, of this Note pursuant to this Section 3.8, the Company shall convert and prepay from the Holder and each Other Holder electing to have its Other Notes converted and prepaid at such time an amount equal to the Holder or such Other Holder’s pro-rata amount of all the Notes and the Other Notes being converted and prepaid at such time.

Appears in 6 contracts

Samples: Convertible Note Agreement (Juma Technology Corp.), Convertible Note Agreement (Juma Technology Corp.), Convertible Note Agreement (Juma Technology Corp.)

AutoNDA by SimpleDocs

Pro-rata Conversion and Prepayment. In the event the Company receives an Optional a Conversion Notice from the Holder and the Other Holders on the same day and the Company can convert and prepay some, but not all, of this Note pursuant to this Section 3.8, the Company shall convert and prepay from the Holder and each Other Holder electing to have its Other Notes converted and prepaid at such time an amount equal to the Holder or such Other Holder’s 's pro-rata amount of all the Notes and the Other Notes being converted and prepaid at such time.

Appears in 2 contracts

Samples: Convertible Promissory Note (Juma Technology Corp.), Senior Secured Note (Total Luxury Group Inc)

AutoNDA by SimpleDocs

Pro-rata Conversion and Prepayment. In the event the Company receives an Optional a Conversion Notice from the Holder and the Other Holders on the same day and the Company can convert and prepay some, but not all, of this Note pursuant to this Section 3.8, the Company shall convert and prepay from the Holder and each Other Holder electing to have its Other Notes converted and prepaid at such time an amount equal to the Holder or such Other Holder’s pro-'s pro rata amount of all the Notes and the Other Notes being converted and prepaid at such time.

Appears in 2 contracts

Samples: Convertible Note (Total Luxury Group Inc), Convertible Note (Total Luxury Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!