Certain Additional Rights. Notwithstanding anything to the contrary herein, in the event Borrower fails to make any payment when due or fails to deliver any Conversion Shares as and when required under this Note, then the Lender Conversion Price for all Lender Conversions occurring after the date of such failure to pay shall equal the lower of the Lender Conversion Price and the Market Price as of any applicable date of Conversion. For the avoidance of doubt, Lender’s exercise of the rights granted to it pursuant to this Section 4.4 shall not relieve Borrower of its obligation to continue paying the Redemption Amount on all future Redemption Dates.
Appears in 3 contracts
Samples: Security Agreement (Growlife, Inc.), Security Agreement (Growlife, Inc.), Security Agreement (Growlife, Inc.)
Certain Additional Rights. Notwithstanding anything to the contrary herein, in the event Borrower fails to make any payment when due or fails to deliver any Conversion Shares as and when required under this Note, then the Lender Conversion Price for all Lender Conversions occurring after the date of such failure to pay shall equal the lower of the Lender Conversion Price and the Market Price as of any applicable date of Conversion. For the avoidance of doubt, Lender’s exercise of the rights granted to it pursuant to this Section 4.4 4.3 shall not relieve Borrower of its obligation to continue paying the Redemption Amount on all future Redemption Dates.
Appears in 2 contracts
Samples: Securities Purchase Agreement (China Recycling Energy Corp), Securities Purchase Agreement (Sharing Economy International Inc.)
