Common use of Fractional Conversion Clause in Contracts

Fractional Conversion. The Investor may convert the Note in whole or in part into Conversion Shares in the sole discretion of the Investor. In case of a partial conversion, the remaining principal amount of the Note will continue to accrue interest at the Rate until converted into Conversion Shares or paid.

Appears in 2 contracts

Sources: Assignment and Modification Agreement (Medical Care Technologies Inc.), Wrap Around Agreement (Camelot Entertainment Group, Inc.)