Partial Conversion. In the event some but not all of the principal ------------------ amount represented by a Note surrendered by a holder is converted, the Company shall execute and deliver to or on the order of the holder, at the expense of the Company, a new Note representing the principal amount that was not converted.
Appears in 4 contracts
Samples: Convertible Note Purchase Agreement (Photoelectron Corp), Convertible Note and Warrant Purchase Agreement (Photoelectron Corp), Convertible Note Purchase Agreement (Photoelectron Corp)
Partial Conversion. In the event some but not all of the principal ------------------ amount represented by a the Note surrendered by a holder is converted, the Company shall execute and deliver to or on the order of the holder, at the expense of the Company, a new Note representing the principal amount that was not converted.
Appears in 1 contract
Samples: Convertible Note Purchase Agreement (Photoelectron Corp)
Partial Conversion. In the event some but not all of the principal ------------------ amount represented by a Note surrendered by a holder is converted, the Company shall execute and deliver to or on the order of the holder, at the expense of the Company, a new Note representing the principal amount that which was not converted.
Appears in 1 contract
Samples: Security Agreement (National Transaction Network Inc)
