Convertible Amount definition

Convertible Amount means the then outstanding Principal Amount of this Note plus all accrued and unpaid interest thereon.

Convertible Amount has the meaning specified in Section 401 of this Indenture.

Convertible Amount means upon the exercise by any Investor of the Conversion Right, the aggregate amount of the Convertible Loan Amount and Interest to be converted into Convertible Shares in relation to that Investor as indicated in the Conversion Notice;

Examples of Convertible Amount in a sentence

• In order to exercise such conversion privilege, the Holder shall surrender this Note to the Borrower accompanied by a written statement (the "Conversion Notice") designating the portion of the Total Convertible Amount to be converted.

• For the purposes of this Note, the term "Total Convertible Amount" shall mean, on any date, the sum of the unpaid principal amount of this Note and the accrued and unpaid interest thereon on such date.

• If this Note shall be converted only in part, the Borrower shall, upon such Conversion, execute and deliver to the Holder, at the expense of the Borrower, a new Note in principal amount equal to the unconverted portion of the Total Convertible Amount (dated as of the Conversion Date).

• If the Holder elects to convert this Note, or a portion thereof, such conversion (a "Conversion") shall be deemed to have taken place immediately prior to the close of business on the Conversion Date, and at such time the rights of the Holder as Holder of this Note shall cease to the extent of the portion of the Total Convertible Amount so converted and the Holder shall be treated for all purposes (with respect to such portion) as the record holder of the Common Stock issuable upon Conversion at such time.

• Notwithstanding the preceding sentence, if, pursuant to Article I, Section 1.1(b) of the Investment Agreement, the stockholders of the Borrower collectively subscribe for a number of Rights Shares that equals at least $2,000,000, then the Holder shall elect to convert the Total Convertible Amount in its entirety into shares of Common Stock of the Borrower pursuant to this Section 5.

More Definitions of Convertible Amount

Convertible Amount has the meaning specified in Section 401 of this Indenture. “Convertible Debenture Documents” means, collectively, in respect of any series or‌ issue of Convertible Debentures, the trust indenture governing such Convertible Debentures, the relevant Convertible Debentures and all other material agreements, instruments or other documents evidencing or relating to such Convertible Debentures.

Convertible Amount has the meaning provided in in Clause 12.1(a)(i);

Convertible Amount has the meaning specified in the Declaration.

Convertible Amount means the aggregate dollar amount which is subject to conversion pursuant the Conversion Option.

Convertible Amount means: (i) so long as Tenant leases one hundred percent (100%) of the Net Rentable Area in the Building, the total number of parking spaces in the Adjacent Garage which Landlord is permitted to designate as reserved parking spaces for the Building pursuant to the provisions of the REA, and (ii) at such time that Tenant no longer leases one hundred percent (100%) of the Net Rentable Area in the Building, a lesser number of parking spaces determined by multiplying the number of parking spaces described in clause (i) by a fraction, the numerator of which is the Net Rentable Area then contained in the Leased Premises and the denominator of which is the total Net Rentable Area in the Building. Tenant acknowledges that in no event may Tenant be entitled to an aggregate number of reserved spaces in the Adjacent Garage in excess of the Convertible Amount (based upon the Net Rentable Area contained from time to time in the Leased Premises). If the Net Rentable Area of the Leased Premises decreases, the Converted Spaces to which Tenant no longer is entitled, as provided above, shall convert back to unassigned parking spaces and Landlord shall be permitted to determine, in its sole discretion, the location of the reserved spaces in the Adjacent Garage to which Tenant is no longer entitled to utilize upon written notice to Tenant.

Convertible Amount. As of the Restatement Date, the full principal amount of this Note ($6,000,000) has converted to the Convertible Amount;

Convertible Amount means the dollar amount of Convertible Loans outstanding at any time under the Convertible Note.