CONVERSION OF DEBT Sample Clauses

CONVERSION OF DEBT. A. Claimant and OnSource affirm and agree that as of the date of this Agreement, OnSource is indebted to Claimant in an amount equal to $54,000.00.
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CONVERSION OF DEBT. A. Claimant and Athena affirm and agree that as of the date of this Agreement, Athena is indebted to Claimant for $1,000 for services rendered.
CONVERSION OF DEBT. 1.1 The Lender and the Company hereby agree to convert the Loan into shares of the Company’s common stock at a price of $0.01 per share for an aggregate of 1,500,000 shares (the “Shares”) in full settlement of the Loan owed by the Company to the Lender.
CONVERSION OF DEBT. A. Claimant and Golden West affirm and agree that as of the date of this Agreement, Golden West is indebted to Claimant in the principal amount of $38,000 plus accrued interest under the Credit Facility.
CONVERSION OF DEBT. A. Claimant, GAI and Global affirm and agree that as of the date of this Agreement, the total outstanding balance of all sums due and owing to Claimant under the First Note is Three Million Eight Hundred Fifty- Three Thousand Two Hundred Ninety-One Dollars ($3,853,291), together with all accrued and unpaid interest of Fifteen Thousand Two Hundred Two Dollars ($15,202) for a total due of Three Million Eight Hundred Sixty-Eight Thousand Four Hundred Ninety-Three Dollars ($3,862,846).
CONVERSION OF DEBT. Any outstanding debt of Buyer existing immediately prior to the Closing shall either be cancelled or converted into Common Stock of the Buyer, which such Common Stock shall be subject to a 180 day lockup period during which time sales of such Common Stock are prohibited;
CONVERSION OF DEBT. The Parties agree that as of the Closing Date, all loans and advances made by ZNC to the Company which are outstanding as of the Closing Date, such amounts being equal to the Total Intercompany Financing Transactions (except for $4,000,000 of such amount, which amount shall be converted to a promissory note in the principal amount of $4,000,000, and substantially in the form of Exhibit "F" attached hereto (the "ZNC Note"), shall be deemed to have been converted into a capital contribution by ZNC to the Company, which capital contribution shall be added to the Company's capital, but for which ZNC shall not receive any capital stock.
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CONVERSION OF DEBT. The Company Debt Exchange shall have occurred in accordance with the provisions of Section 5.4 hereof.
CONVERSION OF DEBT. 1.1 The Lender and the Company hereby agree to convert the Assigned Principal of the debt owed to the Lender by the Company, and evidenced by the Assignment Agreement, into shares of the Company’s common stock at a price of $0.01 per share for an aggregate total of 5,000,000 shares (the “Shares”) in full settlement of the debt owed by the Company to the Lender under the Promissory Note.
CONVERSION OF DEBT. The outstanding debt and obligations of HyperFeed to PICO listed on Exhibit A (the “HyperFeed Debt”) hereto shall have been converted to HyperFeed Common Stock in accordance with the current terms of the instruments evidencing the HyperFeed Debt and the HyperFeed Debt shall have been terminated and cancelled in accordance with its terms.
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