Mandatory Conversion. (a) In the event Holder has not elected to convert all of the principal and interest remaining owing under this Note on or prior to two years after the date of this note, the then outstanding principal and accrued and unpaid interest amount of this Note shall, without further action by the Holder or the Company, be automatically converted in whole into that number of shares of Common Stock of the Company at the Conversion Ratio on the Maturity Date (the “Mandatory Conversion Date”).
Appears in 4 contracts
Samples: Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences Inc.), And Warrant Purchase Agreement (VG Life Sciences Inc.), Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences, Inc.)
Mandatory Conversion. (a) In the event Holder has not elected to convert all of the principal and interest remaining owing under this Note on or prior to two years after the date of this noteMaturity Date, the then outstanding principal and accrued and unpaid interest amount of this Note shall, without further action by the Holder or the Company, be automatically converted in whole into that number of shares of Common Stock of the Company at the Conversion Ratio on the Maturity Date (the “Mandatory Conversion Date”).
Appears in 3 contracts
Samples: Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences Inc.), Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences Inc.), And Warrant Purchase Agreement (VG Life Sciences, Inc.)
Mandatory Conversion. (a) In the event Holder has not elected to convert all of the principal and interest remaining owing under this Note on or prior to two years one year after the date of this note, the then outstanding principal and accrued and unpaid interest amount of this Note shall, without further action by the Holder or the Company, be automatically converted in whole into that number of shares of Common Stock of the Company at the Conversion Ratio on the Maturity Date (the “Mandatory Conversion Date”).
Appears in 2 contracts
Samples: And Warrant Purchase Agreement (VG Life Sciences Inc.), Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences Inc.)
Mandatory Conversion. (a) In the event Holder has not elected to convert all of the principal and interest remaining owing under this Note on or prior to two years after the date of this note, the then outstanding principal and accrued and unpaid interest amount of this Note shall, without further action by the Holder or the Company, be automatically converted in whole into that number of shares of Common Stock of the Company at the Conversion Ratio on the Maturity Date (the “"Mandatory Conversion Date”").
Appears in 1 contract
Samples: And Warrant Purchase Agreement (VG Life Sciences, Inc.)
Mandatory Conversion. (a) In the event Holder has not elected to convert all of the principal and interest remaining owing under this Note on or prior to two years after the date of this noteMaturity Date, the then outstanding principal and accrued and unpaid interest amount of this Note shall, without further action by the Holder or the Company, be automatically converted in whole into that number of shares of Common Stock of the Company at the Conversion Ratio on the Maturity Date (the “"Mandatory Conversion Date”").
Appears in 1 contract
Samples: Convertible Promissory Note And (VG Life Sciences, Inc.)
Mandatory Conversion. (a) In the event Holder has not elected to convert all of the principal and interest remaining owing under this Note on or prior to two years after the date of this noteMay 5, 2016, the then outstanding principal and accrued and unpaid interest amount of this Note shall, without further action by the Holder or the Company, be automatically converted in whole into that number of shares of Common Stock of the Company at the Conversion Ratio on the Maturity Date (the “Mandatory Conversion Date”).
Appears in 1 contract
Samples: Convertible Debenture and Warrant Purchase Agreement (VG Life Sciences Inc.)
