CONVERSION OF DEBT. A. Claimant and OnSource affirm and agree that as of the date of this Agreement, OnSource is indebted to Claimant in an amount equal to $54,000.00.
CONVERSION OF DEBT. A. Claimant and Athena affirm and agree that as of the date of this Agreement, Athena is indebted to Claimant for $1,000 for services rendered.
CONVERSION OF DEBT. 1.1 The Lender and the Company hereby agree to convert the Loan into shares of the Company’s common stock at a price of $0.01 per share for an aggregate of 1,500,000 shares (the “Shares”) in full settlement of the Loan owed by the Company to the Lender.
CONVERSION OF DEBT. A. Claimant and Golden West affirm and agree that as of the date of this Agreement, Golden West is indebted to Claimant for $100,000 plus accrued interest under the Credit Facility.
CONVERSION OF DEBT. A. Claimant, GAI and Global affirm and agree that as of the date of this Agreement, the total outstanding balance of all sums due and owing to Claimant under the First Note is Three Million Eight Hundred Fifty- Three Thousand Two Hundred Ninety-One Dollars ($3,853,291), together with all accrued and unpaid interest of Fifteen Thousand Two Hundred Two Dollars ($15,202) for a total due of Three Million Eight Hundred Sixty-Eight Thousand Four Hundred Ninety-Three Dollars ($3,862,846).
CONVERSION OF DEBT. Any outstanding debt of Buyer existing immediately prior to the Closing (other than debt issued to 31 Group, LLC, Riverside Merchant Partners, LLC, and Magna Equities II, LLC) shall be converted into Common Stock of the Buyer, which such Common Stock shall be subject to a 180 day lockup period during which time sales of such Common Stock are prohibited;
CONVERSION OF DEBT. The Fisher Convertible Debentures (as defined in Section 3.1(b)(i)) shall xxxxxx outstanding as debentures of Fisher, however in lieu of being convertible into shares of Fisher Comxxx Xxock, following the Effective Time, the Fisher Convertixxx Xxbentures shall become convertible into Thermo Elexxxxx Common Stock at a conversion ratio equal to the conversion ratio in effect immediately prior to the Effective Time multiplied by the Exchange Ratio and Thermo Electron shall agree to guarantee the payment of, or become a co-obligor on, said debentures.
CONVERSION OF DEBT. The Company Debt Exchange shall have occurred in accordance with the provisions of Section 5.4 hereof.
CONVERSION OF DEBT. Holder has the right to convert this Note in accordance with the Conversion Procedures set forth in the Credit Agreement.
CONVERSION OF DEBT. Prior to or concurrently with the Closing, all convertible debt issued pursuant to those certain Gryphon Unit Subscription Agreements between Gryphon and the subscribers thereunder, dated as of various dates between June 25, 2021 and August 3, 2021, inclusive, shall have been converted to Gryphon common stock.
