Common use of Debt Conversion Clause in Contracts

Debt Conversion. All of the Notes Payable of LGA owed to ▇▇▇▇▇ & ▇▇▇▇ ▇▇▇▇▇▇▇▇, JTWROS (exclusive of accrued and unpaid wages), ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ & ▇▇▇▇ ▇. ▇▇▇▇ JTWROS and Third Century II is converted to LGA stock at or prior to the Closing.

Appears in 2 contracts

Sources: Acquisition Agreement (Tenet Information Services Inc), Acquisition Agreement (Tenet Information Services Inc)