Termination of Conversion Rights. The Debenture holder's right to convert the Debenture into the Common Stock in accordance with paragraph 4.01 shall terminate on August __, 2002 Any remaining amount of Debenture not converted by August __, 2002 shall be automatically converted on that date in accordance with the formula set forth in Section 4.01 hereof, and the appropriate shares of common stock and amount of interest shall be issued to the Debenture holder.
Appears in 2 contracts
Samples: Line of Credit Agreement (Cyco Net Inc), Line of Credit Agreement (Cyco Net Inc)
Termination of Conversion Rights. The Debenture holderHolder's right to convert the Debenture into the Common Stock in accordance with paragraph Section 4.01 hereof shall terminate on August __April 23, 2002 Any remaining amount of 2009, and this Debenture not converted by August __, 2002 shall be automatically converted on that date in accordance with the formula set forth in Section 4.01 hereof, and the appropriate shares of common stock Common Stock and amount of interest shall be issued to the Debenture holderHolder.
Appears in 2 contracts
Samples: Debenture and Registration Rights Agreement (Cirtran Corp), Debenture and Registration Rights Agreement (Cirtran Corp)
Termination of Conversion Rights. The Debenture holder's right to convert the Debenture into the Common Stock in accordance with paragraph 4.01 shall terminate on August __November 5, 2002 Any remaining amount of Debenture not converted by August __, 2002 and shall be automatically converted on that date in accordance with the formula set forth in Section 4.01 hereof, and the appropriate shares of common stock and amount of interest shall be issued to the Debenture holder.
Appears in 1 contract
Samples: Registration Rights Agreement (Celerity Systems Inc)
Termination of Conversion Rights. The Debenture holder's right to convert the Debenture into the Common Stock in accordance with paragraph 4.01 shall terminate on August __February 17, 2002 Any remaining amount of Debenture not converted by August __, 2002 2003 and shall be automatically converted on that date in accordance with the formula set forth in Section 4.01 hereof, and the appropriate shares of common stock and amount of interest shall be issued to the Debenture holder.
Appears in 1 contract
Samples: Celerity Systems Inc
Termination of Conversion Rights. The Debenture holderHolder's right to convert the Debenture into the Common Stock in accordance with paragraph 4.01 shall terminate on August __June 12 , 2002 Any remaining amount of Debenture not converted by August __, 2002 2003 shall be automatically converted on that date in accordance with the formula set forth in Section 4.01 hereof, and the appropriate shares of common stock and amount of interest shall be issued to the Debenture holderHolder.
Appears in 1 contract
Samples: Jagnotes Com
