Holder Optional Conversions Sample Clauses

Holder Optional Conversions. Subject to Section 6(c), each share of Series A Preferred Stock shall be convertible, in whole but not in part, at any time and from time to time from and after the Original Issue Date until the Mandatory Conversion Date, at the option of the Holder (each a “Holder Optional Conversion”) thereof, into such number of fully paid, non-assessable shares of Common Stock determined by dividing the Stated Value of each share of Series A Preferred Stock by the then Conversion Price.