Common use of After Termination Date Clause in Contracts

After Termination Date. The conversion rights granted herein to Lender shall continue and be in full force and effect and Lender may exercise all or a portion thereof until 10 business days after the occurrence of the Termination Date. In the event that Maker tenders payment to Lender of all amounts due and owing under the Amended Agreement and/or each executed Secured Promissory Notes or any of the other Loan Documents ("FULL PAYMENT"), Lender may elect to convert all or a portion of the amount of the debt for which Maker has tendered payment by serving Maker with a Conversion Notice as set forth above. In the event that Lender does not timely serve Maker with such a Conversion Notice, the Full Payment shall be deemed accepted, the aggregate amount of the debt due and owing to Lender by Maker shall be reduced by the amount of such Full Payment and the all of Lender's conversion rights shall terminate.

After Termination Date. The conversion rights granted herein to Lender ---------------------- Creditor shall continue and be in full force and effect and Lender Creditor may exercise all or a portion thereof until 10 business days after the occurrence of the Termination Date. In the event that Maker Debtor tenders payment to Lender Creditor of all amounts due and owing under the Amended Agreement and/or each executed Secured Promissory Notes or any of the other Loan Documents ("FULL PAYMENTFull Payment"), Lender Creditor may elect to convert all or a portion of the amount of the debt for which Maker Debtor has tendered payment by serving Maker Debtor with a Conversion Notice as set forth above. In the event that Lender Creditor does not timely serve Maker Debtor with such a Conversion Notice, the Full Payment shall be deemed accepted, the aggregate amount of the debt due and owing to Lender Creditor by Maker Debtor shall be reduced by the amount of such Full Payment and the all of LenderCreditor's conversion rights shall terminate.