Common use of Other Optional Conversion Clause in Contracts

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.