Conversion of Bridge Notes Sample Clauses

Conversion of Bridge Notes. Holders of all of the outstanding Bridge Notes shall have executed a counterpart signature page and agreed to convert the outstanding principal amount of their Bridge Notes into Series A Preferred Stock at the First Closing, the Company shall have paid the accrued interest on the Bridge Notes through the First Closing, and the Bridge Notes and the related security documents shall have been cancelled and shall be of no further force and effect.
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Conversion of Bridge Notes. The principal amount of the outstanding Bridge Loans made by each of the Bridge Lenders shall be converted into Units in accordance with this Agreement (with all accrued and unpaid interest to be paid by the Company at the initial Closing);
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Conversion of Bridge Notes. All of the Bridge Notes other than the Parent Note shall have been converted into shares of Company Series B Preferred prior to the Closing.
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Conversion of Bridge Notes. If the Subscriber meets the conditions set forth in Section 1.4 before the initial Closing, an amount of the Subscriber’s Bridge Note equal to the amount of the Aggregate Purchase Price (the “Bridge Note Conversion Amount”) will be converted into the Securities offered herein as if the Bridge Note Conversion Amount was included in the Subscriber’s Aggregate Payment Price.
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Conversion of Bridge Notes. Notwithstanding anything to the contrary in Section 5 of the Bridge Notes, the Bridge Investors hereby agree to the automatic conversion at the Closing of all outstanding principal and accrued interest of the Bridge Notes into common stock of the Company at a 33% discount to the Conversion Price, as defined in the Debentures. At or around the Closing, each Bridge Investor will surrender his, her or its Bridge Note for cancellation by the Company and the Company will issue a certificate to each Bridge Investor representing the number of shares of common stock into which such Bridge Investor’s Bridge Note is being automatically converted pursuant hereto. The automatic conversion and cancellation of the Bridge Notes contemplated hereby will be deemed to occur at the Closing regardless of the surrender of the original Bridge Notes and issuance of common stock certificates to the Bridge Investors.
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Conversion of Bridge Notes. 14 5.6 Letter of Intent............................................... 14 5.7 Opinions of Company's Counsel.................................. 14 5.8
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Conversion of Bridge Notes. The Convertible Promissory Notes dated April 15, 1993, having an aggregate principal amount of $500,000, issued to NBC, Gannett, Rainbow and Somerset Capital Management, Inc. (the "Bridge Notes") shall have been converted to Common Stock.
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Conversion of Bridge Notes. The Bridge Notes shall have been converted to Common Stock.
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Conversion of Bridge Notes. The Bridge Notes shall have been surrendered to the Company for conversion into Shares at the First Closing, the Komasta Bridge Warrant and the Tycho Bridge Warrant shall have been surrendered to the Company for cancellation upon the First Closing, and the Company shall have issued to Tycho, simultaneous with the First Closing, the New Tycho Warrant, in form satisfactory to the Purchasers and their counsel, all as further described in Section 4.2.
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Related to Conversion of Bridge Notes

  • Conversion of Debentures Section 16.01.

  • Conversion of Preferred Stock If the Class is a class and series of the Company’s convertible preferred stock, in the event that all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into common stock pursuant to the provisions of the Company’s Certificate of Incorporation, including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted, this Warrant shall be exercisable for such number of shares of common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

  • Conversion of Preferred Shares If, at any time, any of the Preferred Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Preferred Units equal to the number of Preferred Shares so converted shall automatically be converted into a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect, and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to reflect such conversion.

  • Conversion of Notes (a) Upon the conversion of a Note or part thereof, the Company shall, at its own cost and expense, take all necessary action, including obtaining and delivering an opinion of counsel to assure that the Company’s transfer agent shall issue stock certificates in the name of a Subscriber (or its permitted nominee) or such other persons as designated by Subscriber and in such denominations to be specified at conversion representing the number of shares of Common Stock issuable upon such conversion. The Company warrants that no instructions other than these instructions have been or will be given to the transfer agent of the Company’s Common Stock and that the certificates representing such shares shall contain no legend other than the legend set forth in Section 4(h). If and when a Subscriber sells the Conversion Shares, assuming (i) a registration statement including such Conversion Shares for registration has been filed with the Commission, is effective and the prospectus, as supplemented or amended, contained therein is current and (ii) Subscriber or its agent confirms in writing to the transfer agent that Subscriber has complied with the prospectus delivery requirements, the Company will reissue the Conversion Shares without restrictive legend and the Conversion Shares will be free-trading, and freely transferable. In the event that the Conversion Shares are sold in a manner that complies with an exemption from registration, the Company will promptly instruct its counsel to issue to the transfer agent an opinion permitting removal of the legend indefinitely if such sale is intended to be made in conformity with Rule 144(b)(1)(i) of the 1933 Act, or for 90 days if pursuant to the other provisions of Rule 144 of the 1933 Act, provided that Subscriber delivers reasonably requested representations in support of such opinion.

  • Conversion Shares Issuable Upon Conversion of Principal Amount The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted by (y) the Conversion Price.

  • Conversion of Company Securities At the Effective Time, by virtue of the Merger and without any action on the part of any Party or the holder of any of the following securities:

  • Conversion of Note (a) Upon the conversion of this Note or part thereof, the Company shall, at its own cost and expense, take all necessary action, including obtaining and delivering, an opinion of counsel to assure that the Company's transfer agent shall issue stock certificates in the name of Holder (or its nominee) or such other persons as designated by Holder and in such denominations to be specified at conversion representing the number of Conversion Shares issuable upon such conversion. The Company warrants that no instructions other than these instructions have been or will be given to the transfer agent of the Company's Common Stock and that, unless waived by the Holder, the Conversion Shares will be free-trading, and freely transferable, and will not contain a legend restricting the resale or transferability of the Conversion Shares provided the Conversion Shares are being sold pursuant to an effective registration statement covering the Conversion Shares or are otherwise exempt from registration.

  • Convertible Note From and after the Effective Time, the Company's $8,000,000 10% convertible subordinated promissory note, dated November 20, 1998, payable to Wind Point Partners III, L.P. (the "Convertible Note") shall, in accordance with the terms of the Convertible Note, represent the right, upon conversion thereof in accordance with its terms, to receive in cash, without interest, a single lump sum cash payment equal to the product of (i) the number of shares of Company Common Stock issuable upon the conversion of such Convertible Note in accordance with its terms immediately prior to the Effective Time and (ii) the Common Stock Merger Consideration, such cash payment to be reduced by any required withholding of Taxes.

  • Convertible Notes The Convertible Notes are subject to different conversion calculations depending on the event triggering conversion as described in the Notes (e.g., an IPO or other liquidity event). For illustration purposes, assuming the optional conversion right is exercised today, based on the current capitalization and the $50,000,000 assumed valuation specified for an optional conversion in the Notes, there would be 4,705,224 additional shares issued; provided however, that each holder of Notes is subject to a maximum 9.99% ownership of the shares of capital stock of the Company at any one time. This illustration calculation does not account for the 6% interest component.

  • Conversion of Loans Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

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