Common use of Subsequent to the Effective Date Clause in Contracts

Subsequent to the Effective Date. The Holder, at its sole option, shall be entitled to either a) request a Payment from the Company in the amounts set forth in the table in Section 2.1 above; or, b) the Holder may elect to convert a portion of the Debenture pursuant to Article 3 below in an amount equal to or greater than the Payment Amount. In the event the Holder is unable to convert that portion of the debenture equal to the Payment Amount during a calendar month, the Company shall make a payment in an amount equal to the difference between the amount converted by the Holder and the Payment Amount due for that month. Nothing contained in this Article 2 shall limit the amount the Holder can elect to convert during a calendar month except as defined in Section 3.2 (i) All Payments made in this Article 2, shall be applied toward the Redemption Amount as outlined in Article 14, herein.

Subsequent to the Effective Date. The Holder, at its sole option, shall be entitled to either ai) request a Payment from the Company in the amounts set forth in the table in Section 2.1 2.1, above; or, bii) the Holder may elect to convert a portion of the Debenture pursuant to Article 3 below 3, below, in an amount equal to or greater than the Payment Amount. In the event the Holder is unable elects not to convert that portion of the debenture Debenture equal to the Payment Amount during a calendar month, the Company shall make a payment Payment in cash in an amount equal to the difference between the amount converted by the Holder and the Payment Amount due for that month. Nothing contained in this Article 2 2, shall limit the amount the Holder can elect to convert during a calendar month except as defined in Section 3.2 (i) 3.2(i), below. All Payments made in this under Article 2, shall be applied toward the Redemption Amount as outlined in Article 14, herein.

Subsequent to the Effective Date. The Holder, at its sole option, shall be entitled to either a) request a Payment from the Company in the amounts set forth in the table in Section 2.1 above; or, b) the Holder may elect to convert a portion of the Debenture pursuant to Article 3 below in an amount equal to or greater than the Payment Amount. In the event the Holder is unable to convert that portion of the debenture equal to the Payment Amount during a calendar month, the Company shall make a payment in an amount equal to the difference between the amount converted by the Holder and the Payment Amount due for that month. Nothing contained in this Article 2 shall limit the amount the Holder can elect to convert during a calendar month except as defined in Section 3.2 (i) All Payments made in this Article 2, shall be applied toward the Redemption Amount as outlined in Article 14, herein.

Subsequent to the Effective Date. The Holder, at its sole option, shall be entitled to either a) request a Payment from the Company in the amounts set forth in the table in Section 2.1 above; or, b) the Holder may elect to convert a portion of the Debenture pursuant to Article 3 below in an amount equal to or greater than the Payment Amount. In the event the Holder is unable to convert that portion of the debenture equal to the Payment Amount during a calendar month, the Company shall make a payment in an amount equal to the difference between the amount converted by the Holder and the Payment Amount due for that month. Nothing contained in this Article 2 shall limit the amount the Holder can elect to convert during a calendar month except as defined in Section 3.2 (i) All Payments made in this Article 2, shall be applied toward the Redemption Amount Article as outlined in Article 14, herein.

Subsequent to the Effective Date. The Holder, at its sole option, shall be entitled to either ai) request a Payment from the Company in the amounts set forth in the table in Section 2.1 2.1, above; or, bor ii) the Holder may elect to convert a portion of the Debenture pursuant to Article 3 below 3, below, in an amount equal to or greater than the Payment Amount. In the event the Holder is unable to convert that portion of the debenture equal to the Payment Amount during a calendar month, the Company shall make a payment in cash in an amount equal to the difference between the amount converted by the Holder and the Payment Amount due for that month. Nothing contained in this Article 2 shall limit the amount the Holder can elect to convert during a calendar month except as defined in Section 3.2 (i) ), below. All Payments made in this under Article 2, shall be applied toward the Redemption Amount as outlined in Article 14, herein.

Subsequent to the Effective Date. The Holder, at its sole option, shall be entitled to either a) request a Payment from the Company in the amounts set forth in the table in Section 2.1 above; or, b) the Holder may elect to convert a portion of the Debenture pursuant to Article 3 below in an amount equal to or greater than the Payment Amount. In the event the Holder is unable to convert that portion of the debenture Debenture equal to the Payment Amount during a calendar month, the Company shall make a payment in an amount equal to the difference between the amount converted by the Holder and the Payment Amount due for that month. Nothing contained in this Article 2 shall limit the amount the Holder can elect to convert during a calendar month except as defined in Section 3.2 (i) All Payments made in this Article 2, shall be applied toward the Redemption Amount as outlined in Article 14, herein.

Subsequent to the Effective Date. The After the Effective Date of the Registration Statement, the Holder, at its sole option, shall be entitled to either ai) request a Payment from the Company in the amounts set forth in the table in Section 2.1 2.1, above; or, bor ii) the Holder may elect to convert a portion of the Debenture pursuant to Article 3 below in an amount equal to or greater than the Payment Amount3, below. In the event the Holder is unable to convert that portion of the debenture Debenture equal to the Payment Amount during a calendar month, the Company shall make a payment Payment in cash in an amount equal to the difference between the amount converted by the Holder and the Payment Amount due for that month. Nothing contained in this Article 2 shall limit the amount the Holder can elect to convert during a calendar month except as defined in Section 3.2 (i) ), below. All Payments made in this under Article 2, shall be applied toward the total Redemption Amount as outlined in Article 14, herein.