Conversion; Conversion Ratio; Valuation Event. At the option of the Holder, this Debenture may be converted, either in whole or in part, up to the full Principal Amount plus accrued interest into Common Shares (calculated as to each such conversion to the nearest whole share, at any time up to the Maturity Date and from time to time on any Business Day, subject to compliance with Section 3.2 and 3.3. The number of Common Shares into which this Debenture may be converted is equal to the dollar amount of the Debenture being converted divided by the “Conversion Ratio”. In the event of any recapitalization or reorganization following execution of this Debenture, the Conversion Ratio shall be adjusted accordingly.
Appears in 5 contracts
Samples: Convertible Debenture (Silverstar Mining Corp.), Convertible Debenture (Silverstar Mining Corp.), Convertible Debenture (Silverstar Mining Corp.)
