Common use of Delivery of Conversion Shares Clause in Contracts

Delivery of Conversion Shares. The Common Stock issued on conversion of the Note (the "Conversion Shares") shall be delivered as follows: As promptly as practicable after conversion, the Company shall deliver to Investor, or to such person or persons as are designated by Investor in the Conversion Notice, a certificate or certificates representing the number of shares of Common Stock into which the Note or portion thereof is to be converted in such name or names as are specified in the Conversion Notice, together with, in the case of conversion of the entire remaining principal balance hereof, any cash payable in respect of a fractional share. In the event that less than the entire outstanding principal balance of the Note is converted hereunder, the Note shall not be surrendered for cancellation but shall have the fact and amount of conversion recorded on the face of the Note by writing acknowledged by Investor and the Company. If less than the entire principal balance of the Note is converted, the amount of principal converted shall be reduced to the nearest amount that results in no fractional shares.

Delivery of Conversion Shares. The Common Stock issued on conversion of the this Note (the "Conversion Shares") shall be delivered as follows: As promptly as practicable after conversion, the Company shall deliver to Investor, or to such person or persons as are designated by Investor in the Conversion Notice, a certificate or certificates representing the number of shares of Common Stock into which the this Note or portion thereof is to be converted in such name or names as are specified in the Conversion Notice, together with, in the case of conversion of the entire remaining principal balance hereof, any cash payable in respect of a fractional share. In the event that less than the entire outstanding principal balance of the this Note is converted hereunder, the this Note shall not be surrendered for cancellation but shall have the fact and amount of conversion recorded on the face of the this Note by writing acknowledged by Investor and the Company. If less than the entire principal balance of the this Note is converted, the amount of principal converted shall be reduced to the nearest amount that results in no fractional shares.