General Provisions Regarding Conversion Sample Clauses

General Provisions Regarding Conversion. Upon the Holder’s delivery of a Notice of Conversion to the Company (in the case of a conversion pursuant to Section 2(a) or upon the issuance of a Class Conversion Notice by the Designated Purchaser (in the case of a conversion pursuant to Section 2(b)), that portion of this Note which is the subject of the conversion on the Holder Conversion Date or the Class Conversion Date, as the case may be, shall be automatically converted into the right to receive the Common Stock into which the Conversion Amount is to be converted at the Conversion Price. No fractional shares of Common Stock or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall be rounded to the nearest whole share. The Company shall use its best reasonable efforts to ensure that certificates representing Common Stock upon conversion will be delivered as soon after the Holder Conversion Date or the Class Conversion Date, as the case may be, as is reasonably practicable.
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