Common use of Conversion Dates Clause in Contracts

Conversion Dates. The Series A Preferred Stock shall become convertible into shares of Common Stock at any time commencing forty-five (45) days after the last day on which there is an original issuance of the Series A Preferred Stock (the "Conversion Date").

Appears in 1 contract

Sources: Securities Subscription Agreement (Spintek Gaming Technologies Inc \Ca\)

Conversion Dates. The Series A Preferred Stock shall become convertible into shares of Common Stock at any time commencing forty-five (45) days after the last day on which there is an original issuance of the Series A Preferred Stock (the "Conversion Date"). This restricted period shall only apply to the 1,428 newly issued shares, all 7,313 pr. Shares shall continue to be convertible at any time.

Appears in 1 contract

Sources: Securities Subscription Agreement (Spintek Gaming Technologies Inc \Ca\)