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Common use of Convertibility Clause in Contracts

Convertibility. Until the automatic extension date of July 1, 2001 (as described in Section 2.4), the New Loan will be convertible, in full or in part, into common stock of Global Med at $1.00 per share.

Appears in 2 contracts

Sources: Loan Restructuring and Restatement Agreement (Evision Usa Com Inc), Loan Restructuring and Restatement Agreement (Global Med Technologies Inc)

Related Clauses

  • Conversion Privilege and Conversion Price
  • Certain Conversion Restrictions
  • Acceleration of Exercisability
  • Suspension of Exercisability
  • Conversion Limitations

Parent Clauses

  • Miscellaneous
  • Subordination
  • Counterparts
  • No Limitations in Capacity as a Director
  • Rights and Limitations

Sub-Clauses

  • Entrance in Default
  • Fractional Conversion
  • EXAMPLES OF MATERIAL ADVERSE EVENT
  • Cash Purchase Price
  • Recoupment of Registration Fees
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