Common use of Conversion or Repayment Upon Maturity Clause in Contracts

Conversion or Repayment Upon Maturity. In the event that any indebtedness under this Note remains outstanding on the Maturity Date, then all outstanding principal and unpaid accrued interest under this Note shall either (i) become immediately due and payable on such date, or (ii) at the option of Holder, convert on such date into shares of Common Stock at the Conversion Price.

Appears in 4 contracts

Samples: Note and Warrant Purchase Agreement (Duska Therapeutics, Inc.), Notes and Warrant Purchase Agreement (Hydrodynex, Inc.), Note and Warrant Purchase Agreement (Duska Therapeutics, Inc.)

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