Other Optional Conversion Sample Clauses
Other Optional Conversion. At any time on or after the Maturity Date, at the election of all of the Requisite Noteholders, all Notes will convert into that number of Conversion Shares equal to the quotient (rounded 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.
Other Optional Conversion. In addition, while this Note remains outstanding, the Holder shall have the option at any time to convert the outstanding principal amount of this Note and any unpaid accrued interest into shares of common stock of the Company (or at Holder’s options, a more senior class or series of stock of the Company, if such class or series exists) at a conversion price per share equal to the quotient resulting from dividing $80,000,000 by the number of outstanding shares of common stock of the Company at the time of such conversion (assuming conversion of all securities convertible into common stock and exercise of all outstanding options and warrants, including all shares of common stock reserved and available for future grant under any equity incentive or similar plan of the Company, and including the shares of equity securities of the Company issuable upon the conversion of the Note and other convertible securities issued for capital raising purposes (e.g., Simple Agreements for Future Equity)).