Common use of Conversion Disputes Clause in Contracts

Conversion Disputes. In the case of any dispute with respect to a conversion, the Company shall promptly issue such number of shares of common stock as are not disputed in accordance with the other provisions of this Article III. If such dispute involves the calculation of the Conversion Price, the Company shall submit the disputed calculations to an independent accounting firm, acceptable to holder, via facsimile within two (2) business days of receipt of the notice of conversion. The accounting firm shall audit the calculations and notify the Company and the holder of the results no later than two (2) business days from the date it receives the disputed calculations. The accounting firm’s calculation shall be deemed conclusive, absent manifest error. The Company shall then issue the appropriate number of shares of common stock in accordance with this Article III.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Ozop Surgical Corp.), Binding Letter Of (Ozop Surgical Corp.), Assignment and Assumption Agreement (Meso Numismatics, Inc.)

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Conversion Disputes. In the case of any dispute with respect to a conversion, the Company shall promptly issue such number of shares of common stock Common Stock as are not disputed in accordance with the other provisions of this Article III. If such dispute involves the calculation of the Conversion Price, the Company shall submit the disputed calculations to an independent accounting firm, acceptable to holder, via facsimile electronic mail within two (2) business days of receipt of the notice of conversionConversion Date. The accounting firm shall audit the calculations and notify the Company and the holder of the results no later than two (2) business days from the date it receives the disputed calculations. The accounting firm’s 's calculation shall be deemed conclusive, absent manifest error. The Company shall then issue the appropriate number of shares of common stock in accordance with this Article IIICommon Stock on the date that the accounting firm provides its calculations to the Company and the holder.

Appears in 1 contract

Samples: Exchange Agreement (Auto Parts 4Less Group, Inc.)

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