Common use of Conversion Mechanics Clause in Contracts

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 56 contracts

Samples: Other Companies (American Technologies Group Inc), Other Companies (American Technologies Group Inc), Secured Revolving Note (Miscor Group, Ltd.)

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Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding Principal Amount applying to Monthly Amounts for the remaining Amortization Dates in chronological order.

Appears in 43 contracts

Samples: Securities Purchase Agreement (Modtech Holdings Inc), Other Companies (American Technologies Group Inc), Securities Purchase Agreement (Standard Management Corp)

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 30 contracts

Samples: Security Agreement (BioElectronics Corp), Subscription Agreement (NextMart Inc.), Inrob Tech Ltd.

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Amortization Dates in chronological order.

Appears in 9 contracts

Samples: Maxim Mortgage Corp/, Note (Epixtar Corp), Note (Epixtar Corp)

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article II shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion PricePrice .

Appears in 9 contracts

Samples: Accident Prevention Plus Inc, Accident Prevention Plus Inc, Accident Prevention Plus Inc

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note Debenture shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 7 contracts

Samples: Convertible Debenture (KonaRed Corp), Tauriga Sciences, Inc., Tauriga Sciences, Inc.

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 5 contracts

Samples: Loan Agreement (Trilliant Exploration Corp), Conolog Corp, Goldspring Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 3 contracts

Samples: Trimedia Entertainment Group Inc, Trimedia Entertainment Group Inc, Trimedia Entertainment Group Inc

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Amended and Restated Note shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 3 contracts

Samples: RespireRx Pharmaceuticals Inc., RespireRx Pharmaceuticals Inc., RespireRx Pharmaceuticals Inc.

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 3 contracts

Samples: Numerex Corp /Pa/, Numerex Corp /Pa/, Ophthalmic Imaging Systems

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 3 contracts

Samples: Cryomass Technologies, Inc., Andina Gold Corp., Andina Gold Corp.

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 2 contracts

Samples: Airnet Communications Corp, Airnet Communications Corp

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 2 contracts

Samples: Incentra Solutions, Inc., Incentra Solutions, Inc.

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion PricePrice (as applicable, the “Conversion Shares”).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Attitude Drinks Inc.), Asset Purchase Agreement (Attitude Drinks Inc.)

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining payment dates in chronological order.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Bam Entertainment Inc), Bam Entertainment Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article II shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 2 contracts

Samples: BioMETRX, INCA Designs Inc

Conversion Mechanics. The number of shares of Common Stock to be issued -------------------- upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding Principal Amount applying to Monthly Amounts for the remaining Amortization Dates in chronological order.

Appears in 2 contracts

Samples: New Century Energy Corp., Windswept Environmental Group Inc

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and principal, interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 1 contract

Samples: Airnet Communications Corp

Conversion Mechanics. 4.4.1 The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this section 4, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 1 contract

Samples: Restatement and Amendment Agreement (Command Center, Inc.)

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Conversion Mechanics. (a) The number of shares of Common Stock common stock to be issued upon each conversion of this Note Debenture shall be determined by dividing that portion of the principal amount and interest and fees to be converted, if any, by converted at $1.50 per share (the then applicable Fixed Conversion Price”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Catalyst Ventures Inc)

Conversion Mechanics. The number of shares of Common Stock to be --------------------- issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding Principal Amount applying to Monthly Amounts for the remaining Amortization Dates in chronological order.

Appears in 1 contract

Samples: New Century Energy Corp.

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 1 contract

Samples: Elec Communications Corp

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall pursuant to this Article III will be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 1 contract

Samples: Trend Mining Co

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note Debenture shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 1 contract

Samples: Securities Purchase Agreement (Leo Motors, Inc.)

Conversion Mechanics. The number of shares of Common Stock to be -------------------- issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding Principal Amount applying to Monthly Amounts for the remaining Amortization Dates in chronological order.

Appears in 1 contract

Samples: New Century Energy Corp.

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. .

Appears in 1 contract

Samples: China Aoxing Pharmaceutical Company, Inc.

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding Principal Amount applying to Monthly Principal Amounts for the remaining Amortization Dates in chronological order.

Appears in 1 contract

Samples: Earthfirst Technologies Inc

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding Principal Amount applying to Monthly Amounts for the remaining Amortization Dates in chronological order.

Appears in 1 contract

Samples: Jagged Peak, Inc.

Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. The issuance of Conversion Shares to the Holder shall be deemed payment for that portion of the principal and interest and fees, if any, that were converted.

Appears in 1 contract

Samples: House of Brussels Chocolates Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note Judgment pursuant to this Section 1 shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price.

Appears in 1 contract

Samples: Judgment Conversion Agreement (Quest Minerals & Mining Corp)

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