Conversion at Maturity Date Sample Clauses

Conversion at Maturity Date. (i) To the extent that any Advances are not earlier repaid in cash or converted pursuant to the provisions of this Section 2, on the Advance Maturity Date, the amount of the Advances not previously converted into Securities under this Agreement, or any portion thereof, owed to a Lender may be converted by that Lender into shares of Common Stock at the Conversion Price.
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Conversion at Maturity Date. The principal and interest will convert into shares of the Company at a price per share of 33.0 US cents representing one million six hundred and sixty-six thousand, six hundred and sixty-seven thousand (1,666,667). At no time can the note be converted into shares of the Company if such conversion would equate to owning greater than 5% of the Company.
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Conversion at Maturity Date. To the extent that this Note is not converted by the Maturity Date, then the rights of the Investor to convert this Note and receive Note Shares with respect to any principal amount remaining unconverted on such date shall cease and be of no further effect.
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Conversion at Maturity Date. If the Company has not completed a Qualified Financing prior to the Maturity Date, then, at the Maturity Date, the Note shall automatically convert into Common Stock at the offering price of the most recently closed offering on a common stock equivalent basis.
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Conversion at Maturity Date. If this Note has not been previously converted (as provided in Section 6), then the principal amount of this Note, all accrued and unpaid interest and all other amounts accrued under this Note shall be converted to Conversion Stock at the Conversion Price.
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Conversion at Maturity Date. At the Maturity Date of the Convertible Note, the Company shall convert the principal on this Convertible Note and accrued interest due into shares of Common Stock as set forth in Section 2.2 below.
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Conversion at Maturity Date. If this Note has not been previously converted (as provided in Section 6), then on the Maturity Date, all of the Balance then outstanding shall convert into Conversion Stock at the Conversion Price then in effect. Conversion shall be deemed to have occurred under this Section 2.1 at the close of business on the Maturity Date.
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Conversion at Maturity Date. If this Note has not been (i) converted pursuant to Section 5(a) or Section 5(c) hereof; or (ii) prepaid pursuant to Section 14 hereof, on the Maturity Date, the Holder shall have the option to choose to receive from the Company, in lieu of cash, that number of fully paid and nonassessable shares of Common Stock determined by dividing all of the unpaid principal and interest due on this Note as of the date of conversion by the greater of: (y) the amount that is equal to the product of the closing bid price per share for the Common Stock, as reported on the over-the-counter electronic bulletin board, or such other public market that the Company's Common Stock is then traded, on the date hereof and seventy-five percent (75%); and (z) 2.50. As a condition precedent to conversion of this Note into shares of Common Stock, the Holders will be required to execute a stock purchase agreement and other agreements customarily prepared in connection with the conversion of a Note into shares of Common Stock.
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Conversion at Maturity Date. If the Maturity Date is reached without the prior occurrence of a Liquidity Event (as defined in clause 4.2 below), and the Loan has not been converted earlier by mutual agreement of the Parties, the Loan Amount shall be fully capitalized through the subscription of shares of the Company of the most senior class and series of shares existing in the Company at the time of conversion (the "Conversion at Maturity"). The Parties agree that the specific number of shares of the Company which shall be subscribed by the Lender upon Conversion at Maturity shall be determined on the basis of the price per share resulting from applying a 20% discount over a fixed pre-money valuation of the Company of EUR 100,000,0002. If the conversion formula results in any fractional share, said calculation shall be rounded down to the nearest whole share. This pre-money valuation has been determined by taking into account the last capital increase approved by the Company, as increased by the public subsidies (cash revenues) granted to the Company.
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Related to Conversion at Maturity Date

  • Final Maturity Date 23 Fitch.........................................................................................23

  • Repayment at Maturity At the Maturity Date, the Company shall repay the outstanding Principal Amount of this Debenture in whole in cash, together with all accrued and unpaid interest thereon, in cash, to the Maturity Date.

  • Payment at Maturity On the Maturity Date, Borrower shall pay the entire remaining unpaid balance of the Loan, if any; all accrued and unpaid interest to the Maturity Date; and any other amounts payable under this Note and the other Loan Documents.

  • Conversion Date The "Conversion Date" is a Switch or frame conversion planned day of cut-over to the replacement frame(s) or Switch. The actual conversion time typically is set for midnight of the Conversion Date. This may cause the actual Conversion Date to migrate into the early hours of the day after the planned Conversion Date.

  • Payment on Maturity Date Borrower shall pay to Lender on the Maturity Date the outstanding principal balance of the Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Note, the Mortgage and the other Loan Documents.

  • Maturity Date This Agreement shall continue in effect until the maturity date set forth on the Schedule (the "Maturity Date"), subject to Section 6.3 below.

  • Automatic Conversion upon Expiration In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be converted pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised or converted, and the Company shall promptly deliver a certificate representing the Shares (or such other securities) issued upon such conversion to Holder.

  • Extension of Maturity Date (a) On any anniversary of the Closing Date prior to the Maturity Date, the Borrowers may request to extend the then-applicable Maturity Date (the “Existing Maturity Date”) for an additional one-year period (an “Extension Period”) to the date that is one year after the Existing Maturity Date (the “Requested Maturity Date”); provided that the Borrowers may extend the Maturity Date for a maximum two (2) such Extension Periods. The Borrowers may make such request in a notice given as herein provided and substantially in the form attached hereto as Exhibit 2.8(a) (the “Extension of Maturity Date Request”) to the Administrative Agent not less than 30 days and not more than 90 days prior to any anniversary of the Closing Date, so long as (i) each of the representations and warranties contained in Section 7 and in the other Credit Documents shall be true and correct in all material respects on and as of the date of such notice and as of the commencement date of the relevant Extension Period as if made on and as of each date (or, if any such representation and warranty is expressly stated to have been made as of a specific date, as of such specific date) and (ii) no Default or Event of Default shall have occurred and be continuing on the date of such notice and as of the commencement date of the relevant Extension Period. Each Lender, acting in its sole discretion, shall, not later than a date 30 days after its receipt of any such notice from the Administrative Agent, notify the Borrowers and the Administrative Agent in writing of its election to extend or not to extend the Existing Maturity Date with respect to its Commitment. Any Lender which shall not timely notify the Borrowers and the Administrative Agent of its election to extend the Existing Maturity Date shall be deemed not to have elected to extend the Existing Maturity Date with respect to its Commitment (any Lender who timely notifies the Borrowers and the Administrative Agent of an election not to extend or fails to timely notify the Borrowers and the Administrative Agent of its election being referred to as a “Terminating Lender” and all such Lenders, collectively, the “Terminating Lenders”). The election of any Lender to agree to a requested extension shall not obligate any other Lender to agree to such requested extension.

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