Common use of Underlying Shares Issuable Upon Conversion Clause in Contracts

Underlying Shares Issuable Upon Conversion. and Pursuant to the Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted by (y) the Set Price.

Appears in 2 contracts

Samples: Waverider Communications Inc, Waverider Communications Inc

AutoNDA by SimpleDocs

Underlying Shares Issuable Upon Conversion. and Pursuant to the Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted by (y) the Set Price.

Appears in 1 contract

Samples: Qt 5 Inc

Underlying Shares Issuable Upon Conversion. and Pursuant to the Conversion of Principal Amount. The number of shares of Common Stock issuable upon a any conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted by (y) the Set Price.

Appears in 1 contract

Samples: Medialink Worldwide Inc

Underlying Shares Issuable Upon Conversion. and Pursuant to the Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted by and (y) the Set Price.

Appears in 1 contract

Samples: Smartire Systems Inc

AutoNDA by SimpleDocs

Underlying Shares Issuable Upon Conversion. and Pursuant to the Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted plus the aggregate amount of interest then accrued thereon by (y) the Set PriceConversion Price then in effect.

Appears in 1 contract

Samples: NanoDynamics, Inc.

Time is Money Join Law Insider Premium to draft better contracts faster.