Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholders, each Note will convert into that number of Conversion Securities equal to the quotient (rounded up to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of such Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 3 contracts
Sources: Convertible Note Purchase Agreement (ASP Isotopes Inc.), Convertible Note Purchase Agreement (ASP Isotopes Inc.), Convertible Note Purchase Agreement (ASP Isotopes Inc.)
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholders, each this Note will convert into that number of Conversion Securities Shares equal to the quotient (rounded up down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of such this Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 3 contracts
Sources: Convertible Promissory Note, Convertible Promissory Note, Convertible Promissory Note
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholders, each Note will convert into that number of Conversion Securities Shares equal to the quotient (rounded up down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of such Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 2 contracts
Sources: Convertible Note Purchase Agreement (Armed Forces Brewing Company, Inc.), Equity Incentive Plan (Armed Forces Brewing Company, Inc.)
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholders, each this Note will convert into that number of Conversion Securities Shares equal to the quotient (rounded up down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of such this Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 1 contract
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholders, each this Note will convert into that number of Conversion Securities Shares equal to the quotient (rounded up down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of such this Note on the date of such conversion by (y) the applicable Conversion Price.Price.β
Appears in 1 contract
Sources: Convertible Promissory Note
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Requisite Noteholdersholder, each Note will convert into that number of Conversion Securities Shares equal to the quotient (rounded up down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of such Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 1 contract
Sources: Convertible Note Purchase Agreement (Professional Diversity Network, Inc.)
Maturity Conversion. At any time on or after On the Maturity Date, at the election of the Requisite Noteholders, each Note will convert into that number of Conversion Securities Shares equal to the quotient (rounded up down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of such Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 1 contract
Sources: Convertible Note Purchase Agreement (MedicaMetrix, Inc/De)
Maturity Conversion. At any time on or after the Maturity Date, at the election of the Holder/the Requisite Noteholders, each this Note will convert into that number of Conversion Securities Units equal to the quotient (rounded up down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of such this Note on the date of such conversion by (y) the applicable Conversion Price.
Appears in 1 contract