Common use of Holders Conversion Rights Clause in Contracts

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Appears in 19 contracts

Samples: Trimedia Entertainment Group Inc, Trimedia Entertainment Group Inc, Magic Lantern Group Inc

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Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.3.

Appears in 19 contracts

Samples: Securities Purchase Agreement (Cci Group Inc), Goldspring Inc, Conversion Services International Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the "Conversion Date").

Appears in 10 contracts

Samples: Inyx Inc, Inyx Inc, Synergy Brands Inc

Holders Conversion Rights. The Subject to Section 2.2 and the mandatory conversion provisions therein, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.3.

Appears in 10 contracts

Samples: Family Room Entertainment Corp, Hybrid Fuel Systems Inc, SiVault Systems, Inc.

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the “Conversion Date”).

Appears in 8 contracts

Samples: Convertible Term Note (Axesstel Inc), Note (Micro Component Technology Inc), Convertible Term Note (Axesstel Inc)

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) business day prior to the date upon which such conversion shall occur.

Appears in 8 contracts

Samples: Subordination Agreement (Bio Key International Inc), Bio Key International Inc, Acceris Communications Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares."

Appears in 4 contracts

Samples: Securities Purchase Agreement (American Water Star Inc), Science Dynamics Corp, American Water Star Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert at any time all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Appears in 4 contracts

Samples: Note (Epixtar Corp), Note (Epixtar Corp), Note (Epixtar Corp)

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date Section 3.3. The shares of Common Stock to be issued upon which such conversion shall occurare herein referred to as the "CONVERSION SHARES."

Appears in 3 contracts

Samples: Creative Vistas Inc, Creative Vistas Inc, Cardiogenesis Corp /Ca

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereonaccrued thereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the “Conversion Date”).

Appears in 3 contracts

Samples: Paincare Holdings Inc, Paincare Holdings Inc, Paincare Holdings Inc

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date Section 3.3. The shares of Common Stock to be issued upon which such conversion shall occurare herein referred to as the "Conversion Shares."

Appears in 3 contracts

Samples: Securities Purchase Agreement (Petrol Oil & Gas Inc), Comc Inc, Fast Eddie Racing Stables Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion by facsimile or otherwise not less than one (1) business day prior to the date upon which such conversion shall occur.

Appears in 3 contracts

Samples: Subordination Agreement (Bio Key International Inc), Subordination Agreement (Bio Key International Inc), Subordination Agreement (Bio Key International Inc)

Holders Conversion Rights. The At any time the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock restricted common stock in the Borrower (the “Shares”), subject to the terms and conditions set forth in this Article IIIherein. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one Conversion (1) day prior as set forth below). The Shares to the date be issued upon which such conversion shall occurare herein referred to as the “Conversion Shares.

Appears in 2 contracts

Samples: Rubicon Financial Inc, Guardian 8 Holdings

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one three (13) day business days prior to the date upon which such conversion shall occur.

Appears in 2 contracts

Samples: Powercold Corp, Powercold Corp

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) business day prior to the date upon which such conversion shall occur. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares."

Appears in 2 contracts

Samples: Elec Communications Corp, Elec Communications Corp

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock or Registered Common Stock as applicable, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the "CONVERSION DATE").

Appears in 2 contracts

Samples: Securities Purchase Agreement (Bam Entertainment Inc), Bam Entertainment Inc

Holders Conversion Rights. The Subject to Section 3.2, the Holder shall have the right, but not the obligationobligation at all times, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to III at the Borrower rate of a written notice of conversion not less than one $.60, (1) day prior to the date upon which such conversion shall occur“Fixed Conversion Price”).

Appears in 2 contracts

Samples: Secured Convertible Note (Conolog Corp), The Subscription Agreement (Conolog Corp)

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock Ordinary Shares subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion in the form of Exhibit A attached hereto (the “Notice of Conversion”) not less than one (1) business day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is the “Conversion Date”.

Appears in 2 contracts

Samples: Bos Better Online Solutions LTD, Bos Better Online Solutions LTD

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is the "CONVERSION DATE".

Appears in 2 contracts

Samples: Ventures National Inc, United Energy Corp /Nv/

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The shares of Common Stock to be issued upon such conversion are herein referred to as the "CONVERSION SHARES."

Appears in 2 contracts

Samples: Science Dynamics Corp, Netguru Inc

Holders Conversion Rights. (a) The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Appears in 2 contracts

Samples: Numerex Corp /Pa/, Numerex Corp /Pa/

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this NoteDebenture, together with interest and fees due hereonthereon, into shares of Common Stock Borrower’s common stock subject to the terms and conditions set forth in this Article III4. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Catalyst Ventures Inc)

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Holders Conversion Rights. The Subject to Section 3.2 and Section 2.1(b) and the mandatory conversion provisions therein, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date upon which such conversion shall occurSection 3.3.

Appears in 1 contract

Samples: Diametrics Medical Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the "Conversion Date").

Appears in 1 contract

Samples: Smartserv Online Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with accrued and unpaid interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the “Conversion Date”).

Appears in 1 contract

Samples: Equifin Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligationobligation at any time from the date of issuance of this Note, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article IIIII at a fixed conversion rate of $.001 per share. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior to the date upon which such conversion shall occurConversion pursuant hereto.

Appears in 1 contract

Samples: INCA Designs Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, Note into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the "Conversion Date")."

Appears in 1 contract

Samples: Global Payment Technologies Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock (as hereinafter defined) subject to the terms and conditions set forth in this Article III4. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one three (13) day business days prior to the date upon which such conversion shall occur.

Appears in 1 contract

Samples: Restatement and Amendment Agreement (Command Center, Inc.)

Holders Conversion Rights. The Holder shall have the right, but not -------------------------- the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Appears in 1 contract

Samples: Sequiam Corp

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock of the Borrower subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Appears in 1 contract

Samples: Epixtar Corp

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is (the "CONVERSION DATE").

Appears in 1 contract

Samples: Global Payment Technologies Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur. The date upon which such conversion shall occur is the "Conversion Date".

Appears in 1 contract

Samples: Ventures National Inc

Holders Conversion Rights. The Subject to Section 2.2, the Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount Principal Amount of this Term Note, together with interest and fees due hereon, into shares of Common Stock Stock, subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice Notice of conversion not less than one (1) day prior Conversion pursuant to the date Section 3.3. The shares of Common Stock to be issued upon which such conversion shall occurare herein referred to as the “Conversion Shares.

Appears in 1 contract

Samples: Corgenix Medical Corp/Co

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares." The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Appears in 1 contract

Samples: Gvi Security Solutions Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.. The date upon which such conversion shall occur is the "Conversion Date". 3.2

Appears in 1 contract

Samples: Ventures National Inc

Holders Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding principal amount of this Note, together with interest and fees due hereon, into shares of Class A Common Stock subject to the terms and conditions set forth in this Article III. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion not less than one (1) day prior to the date upon which such conversion shall occur.

Appears in 1 contract

Samples: Locateplus Holdings Corp

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