Common use of Conversion Shares Issuable Upon Conversion Clause in Contracts

Conversion Shares Issuable Upon Conversion. The number of shares of Common Stock 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.

Appears in 2 contracts

Samples: Almadoro Minerals Corp., New Frontier Energy Inc

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Conversion Shares Issuable Upon Conversion. The number of shares of Common Stock issuable upon a any conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Debenture to be converted plus (if indicated in the applicable Conversion Notice) the amount of any accrued but unpaid interest on this Debenture through the Conversion Date by (y) the Conversion Price.

Appears in 1 contract

Samples: Securities Purchase Agreement (Hartville Group Inc)

Conversion Shares Issuable Upon Conversion. The number of shares of Common Stock 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.. i.

Appears in 1 contract

Samples: New Frontier Energy Inc

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Conversion Shares Issuable Upon Conversion. The number of shares of the Company’s Common Stock issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Debenture Note being converted, if any, plus, at the Option of the Holder, any accrued and unpaid interest to be converted by (y) the Conversion Price.

Appears in 1 contract

Samples: U.S. Rare Earths, Inc

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