Common use of Holder Conversion Clause in Contracts

Holder Conversion. In the event of a conversion of any Series B Preferred Stock pursuant to an Holder Conversion Notice, the Corporation shall issue to the Holder of such Series B Preferred Stock a number of Conversion Shares equal to (a) the Early Redemption Price multiplied by (b) the number of such Series B Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series B Preferred Stock.

Appears in 2 contracts

Sources: Stock Purchase Agreement (VelaTel Global Communications, Inc.), Stock Purchase Agreement (East Coast Diversified Corp)

Holder Conversion. In the event of a conversion of any Series B G Preferred Stock pursuant to an a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series B G Preferred Stock a number of Conversion Shares equal to (a) the Early Redemption Original Issue Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series B G Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series B G Preferred Stock.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Ascent Solar Technologies, Inc.), Securities Purchase Agreement (Ascent Solar Technologies, Inc.)

Holder Conversion. In the event of a conversion of any Series B A Preferred Stock pursuant to an a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series B A Preferred Stock a number of Conversion Shares equal to (a) the Early Redemption Original Issue Price multiplied by (b) the number of such Series B A Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series B A Preferred Stock.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Ascent Solar Technologies, Inc.), Securities Purchase Agreement (Ascent Solar Technologies, Inc.)

Holder Conversion. In the event of a conversion of any Series B A Preferred Stock pursuant to an Holder Conversion Notice, the Corporation shall issue to the Holder of such Series B A Preferred Stock a number of Conversion Shares equal to (a) the Early Redemption Price multiplied by (b) the number of such Series B A Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series B A Preferred Stock.

Appears in 1 contract

Sources: Stock Purchase Agreement (Cereplast Inc)

Holder Conversion. In the event of a conversion of any Series B E Preferred Stock pursuant to an a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series B E Preferred Stock a number of Conversion Shares equal to (a) the Early Redemption Price multiplied by (b) the number of such Series B E Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series B E Preferred StockStock plus the Make Whole Payment.

Appears in 1 contract

Sources: Stock Purchase Agreement (Pressure Biosciences Inc)

Holder Conversion. In the event of a conversion of any Series B F Preferred Stock pursuant to an Holder Conversion Notice, the Corporation shall issue to the Holder of such Series B F Preferred Stock a number of Conversion Shares equal to (a) the Early Corporation Redemption Price multiplied by (b) the number of such Series B F Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series B F Preferred Stock.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (POSITIVEID Corp)

Holder Conversion. In the event of a conversion of any Series B C Preferred Stock pursuant to an Holder Conversion Notice, the Corporation shall (a) satisfy the Embedded Dividend Liability as provided in Section I.C.2, and (b) issue to the Holder of such Series B C Preferred Stock a number of Conversion Shares equal to (ai) the Early Redemption Price Face Value multiplied by (bii) the number of such Series B C Preferred Stock subject to the Holder Conversion Notice divided by (ciii) the applicable Conversion Price with respect to such Series B C Preferred Stock.

Appears in 1 contract

Sources: Stock Purchase Agreement (Ascent Solar Technologies, Inc.)

Holder Conversion. In the event of a conversion of any Series B K Preferred Stock pursuant to an a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series B K Preferred Stock a number of Conversion Shares equal to (a) the Early Redemption Original Issue Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series B K Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series B K Preferred Stock.

Appears in 1 contract

Sources: Securities Purchase Agreement (Ascent Solar Technologies, Inc.)

Holder Conversion. In the event of a conversion of any Series B Preferred Stock pursuant to an Holder Conversion Notice, the Corporation shall (a) satisfy the Embedded Dividend Liability as provided in Section I.C.2, and (b) issue to the Holder of such Series B Preferred Stock a number of Conversion Shares equal to (ai) the Early Redemption Price Series B Face Value multiplied by (bii) the number of such Series B Preferred Stock subject to the Holder Conversion Notice divided by (ciii) the applicable Conversion Price with respect to such Series B Preferred Stock.

Appears in 1 contract

Sources: Stock Purchase Agreement (Ascent Solar Technologies, Inc.)

Holder Conversion. In the event of a conversion of any Series B H Preferred Stock pursuant to an Holder Conversion Notice, the Corporation shall issue to the Holder of such Series B H Preferred Stock a number of Conversion Shares equal to (a) the Early Redemption Price multiplied by (b) the number of such Series B H Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series B H Preferred Stock.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (POSITIVEID Corp)

Holder Conversion. In the event of a conversion of any Series B I Preferred Stock pursuant to an a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series B I Preferred Stock a number of Conversion Shares equal to (a) the Early Redemption Original Issue Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series B I Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series B I Preferred Stock.

Appears in 1 contract

Sources: Securities Purchase Agreement (Ascent Solar Technologies, Inc.)