Conversion at Maturity. To the extent that the Loan Amount is not earlier repaid or converted pursuant to the provisions of this Section 2, on the Maturity Date, the Outstanding Amount shall be (1) payable in cash, or (2) convertible into shares of Common Stock of Borrower at the Conversion Price, in each case at the option of the Lender.
Appears in 2 contracts
Sources: Convertible Loan Agreement (Orgenesis Inc.), Convertible Loan Agreement (Orgenesis Inc.)