Payment conversion Clause Samples
Payment conversion. The renter who admits to pay at the start of the rental with a credit card issued in a non- Euro billing currency has the choice to pay either in Euro, in USD or in ▇▇▇. The choice may be amended by the renter at the time of check in, when requesting a printed invoice, otherwise the check- out choice is considered final. If for whatever reason the conversion can’t be processed, the transaction will be submitted in ▇▇▇.
Payment conversion. On the Interim Repayment Date, (x) the Company shall pay to the Holder in cash the portion of the Interim Repayment Amount elected to be repaid in cash in the Repayment Election Notice and (y) the portion of the Interim Repayment Amount elected to be converted into stock in the Repayment Election Notice shall be automatically converted into Common Stock in accordance with the terms hereof. If the Holder does not receive the requisite amount of cash in connection with such repayment within three (3) Trading Days following the Interim Repayment Date, such amount shall bear interest hereunder at the Default Rate. To the extent the Holder elects to make any such repayment by converting all or a portion of the Interim Repayment Amount into shares of Common Stock pursuant to this Section 4(a), the number of such shares to be issued upon such conversion as of the Interim Repayment Date shall be the number determined by dividing (x) the portion of the Interim Repayment Amount to be converted into Common Stock, by (y) the Interim Conversion Price as of the Interim Repayment Date. Such shares shall be issued and delivered within three (3) Trading Days following the Interim Repayment Date and shall be duly authorized, validly issued, fully paid, non-assessable and free and clear of all encumbrances, restrictions and legends. Notwithstanding anything to the contrary herein, the Holder shall be prohibited from exercising its right to convert any portion of the Interim Repayment Amount into shares of Common Stock on the applicable Interim Repayment Date to the extent, and only to the extent, that such conversion into shares of Common Stock would result in the Holder hereof exceeding the limitations contained in Section 3(i) above. Any conversion hereunder into shares of Common Stock pursuant to the terms hereof shall constitute and be deemed a conversion of such portion of the Principal Amount of this Note for all purposes under this Note and the other Agreements (except that such conversion shall be at the Interim Conversion Price and except as otherwise provided herein).
Payment conversion. Provider agrees that Members eligible for the Program who are currently providing payment to Provider for the services specified in this Agreement will be able to inactivate or “freeze” their payments for the duration of this Agreement and pay no fees during the inactivation period so that they may receive services from Provider at no charge under the Program. At the time this Agreement terminates, or if applicable Members terminate their membership in Sponsoring Organization, those Members may then be responsible for resuming payment to Provider. Provider shall not refuse or dissuade eligible Members from participating in the Program.