Common use of Repayment Conversion Clause in Contracts

Repayment Conversion. 3.1.1. Upon: (i) a Conversion Date, or (ii) the occurrence of an Event of Default, and any time after an Event of Default as long as such Event of Default is continuing, the Lender may (but is not obliged to), by written notice to the Borrower (the “Conversion Notice”), convert all or part of the principal of the Loan outstanding at such time into the Conversion Unit (the “Repayment Conversion”).

Repayment Conversion. 3.1.1. Upon: (i) a the Conversion Date, or (ii) the occurrence of an Event of Default, and at any time after an Event of Default thereafter as long as such Event of Default is continuing, the Lender may shall have the right (but is not obliged tothe obligation), by written notice to the Borrower (the “"Conversion Notice”"), to convert all or part of the principal amount of the Loan outstanding at such time time, including any accrued and unpaid interest into the Conversion Unit Shares or a pro rata portion thereof in case of partial conversion (the “"Repayment Conversion”").

Repayment Conversion. 3.1.1. Upon: (i) a the Conversion DateDate or any time thereafter, or (ii) the occurrence of an Event of Default, and at any time after an Event of Default thereafter as long as such Event of Default is continuing, the Lender may shall have the right (but is not obliged tothe obligation), by written notice to the Borrower (the “"Conversion Notice”"), to convert all or part of the principal amount of the Loan outstanding at such time time, including any accrued and unpaid interest into the Conversion Unit Shares or a pro rata portion thereof in case of partial conversion (the “"Repayment Conversion”").

Repayment Conversion. 3.1.1. Upon: (i) a Conversion Date, or (ii) the occurrence of an Event of Default, and any time after an Event of Default thereafter as long as such Event of Default is continuing, the Lender may (but is not obliged toobligate), by written notice to the Borrower (the “Conversion Notice”), convert all or part of the principal principle of the Loan outstanding at such time into the Conversion Unit or a pro rata portion thereof in case of partial conversion (the “Repayment Conversion”).

Repayment Conversion. 3.1.1. Upon: (i) a Conversion Date, or (ii) the occurrence of an Event of Default, and any time after an Event of Default thereafter as long as such Event of Default is continuing, the Lender may (but is not obliged to), by written notice to the Borrower (the “Conversion Notice”), convert all or part of the principal of the Loan outstanding at such time into the Conversion Unit or a pro rata portion thereof in case of partial conversion (the “Repayment Conversion”).