Common use of Mechanics of Conversion Clause in Contracts

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Notice) the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date.

Appears in 12 contracts

Samples: Securities Purchase Agreement (Matrix Service Co), Securities Purchase Agreement (Global Clean Energy Holdings, Inc.), HydroPhi Technologies Group, Inc.

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Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note Debenture to be convertedconverted and any interest that has been added to such principal amount in accordance with Section 2 hereof, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Notice) the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion DatePrice.

Appears in 10 contracts

Samples: Achievement Tech Holdings Inc /Id/, Demarco Energy Systems of America Inc, Achievement Tech Holdings Inc /Id/

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note Debenture to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Notice) the amount of any accrued but unpaid interest on this Note Debenture through the Conversion Date, divided by the Conversion Price on the Conversion Date.

Appears in 4 contracts

Samples: Aerogen Inc, Aerogen Inc, Aerogen Inc

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Notice) the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date.

Appears in 4 contracts

Samples: Credit Agreement (Communication Intelligence Corp), Intercloud Systems, Inc., Toreador Resources Corp

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Notice) the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Empire Petroleum Corp), Empire Petroleum Corp, Empire Petroleum Corp

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Notice or the Borrower Conversion Notice) the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date.

Appears in 2 contracts

Samples: 2004 Securities Purchase Agreement (Zoltek Companies Inc), 2004 Securities Purchase Agreement (Zoltek Companies Inc)

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note Debenture to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Notice) the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date.

Appears in 2 contracts

Samples: Registration Rights Agreement (Bakers Footwear Group Inc), Subordination Agreement (Bakers Footwear Group Inc)

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion NoticeNotice or the Company Conversion Notice and permitted by Section 5(c)) the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date.

Appears in 2 contracts

Samples: ProsoftTraining, ProsoftTraining

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Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal (i) the outstanding principal amount of this Note to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Notice) the amount of together with any accrued but unpaid interest on this Note through the Conversion Dateupon such principal amount being converted, divided by (ii) the Conversion Price in effect on the Conversion Date.

Appears in 1 contract

Samples: INVO Bioscience, Inc.

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note to be convertedconverted (including any accrued interest thereon capitalized pursuant to Section 2(b) of this Note), divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Notice) the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date.

Appears in 1 contract

Samples: Note Purchase Agreement (Merisel Inc /De/)

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated by Borrower as set forth in the applicable Conversion NoticeSection 5) the amount of any accrued but unpaid interest on this Note through the Conversion Date, divided by the Conversion Price on the Conversion Date.

Appears in 1 contract

Samples: 2004 Securities Purchase Agreement (Zoltek Companies Inc)

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal the outstanding principal amount of this Note Debenture to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Notice or the Company Conversion Notice) the amount of any accrued but unpaid interest on this Note Debenture through the Conversion Date or the Company Conversion Date, divided by the Conversion Price on the Conversion DateDate or the date of the Company Conversion Notice.

Appears in 1 contract

Samples: Zoltek Companies Inc

Mechanics of Conversion. (a) The number of Underlying Shares issuable upon any conversion hereunder shall equal (i) the outstanding principal amount of this Note Debenture to be converted, divided by the Conversion Price on the Conversion Date, plus (if indicated in the applicable Conversion Noticeii) the amount of any accrued but unpaid interest on this Note Debenture through the Conversion Date, divided by the Conversion Price on the Conversion Date.

Appears in 1 contract

Samples: Procom Technology Inc

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