the Conversion Price. The Company shall not issue any fraction of a share of Common Shares upon any conversion. All calculations under this Section (3) shall be rounded to the nearest $0.0001. If the issuance would result in the issuance of a fraction of a share of Common Shares, the Company shall round such fraction of a share of Common Shares up to the nearest whole share. The Company shall pay any and all transfer, stamp and similar taxes that may be payable with respect to the issuance and delivery of Common Shares upon conversion of any Conversion Amount.
the Conversion Price. The conversion provisions of the Note will remain at a Conversion Price of $.70 per share, convertible with the same terms of the Note as amended.
the Conversion Price. The unnumbered provision in the Note Agreement pertaining to “Conversion Price” is hereby amended and restated in its entirety as set forth below: The “Conversion Price” shall be the following price: As applied to the Conversion Formula set forth in 2.2, $0.02; as applies to North Bay Resources Inc. voting common stock.
the Conversion Price. Notwithstanding the preceding, the Corporation may at its sole discretion, whether on the request of the holder or otherwise, pay any or all of the accrued and unpaid dividends in cash. Subject to the provisions of the DGCL, no fractional shares of Common Stock shall be issued on the mandatory conversion, but the number of shares shall be rounded up or down to the nearest whole number. The amount of any accrued and unpaid dividends that the Corporation elects to pay in cash shall be promptly sent to the holder thereof by means of check or other means provided by the Corporation.
the Conversion Price. The Borrower shall deliver to IFC a check for cash in lieu of any fractional share in accordance with Section 7.02 (c) (Conversion Procedure).
the Conversion Price. The Borrower must deliver written notice to the Lender indicating the manner in which it intends to pay interest or principal at least ten Trading Days prior to each Interest Payment Date or Principal Payment Date, but the Borrower may indicate in any such notice that the election contained therein shall continue for subsequent Interest Payment Dates or Principal Payment Dates until rescinded. Failure to timely provide such written notice shall be deemed an irrevocable election by the Borrower to pay such interest or principal in cash. All interest or principal payable in respect of the Notes on any Interest Payment Date or Principal Payment Date must be paid in the same manner.
the Conversion Price. Each share of Series B Stock will be convertible into the number of shares of Common Stock which results from dividing the conversion price of the Series B Stock that is in effect at the time of conversion (the "Conversion Price") into the original Issue Price for such series of Preferred Stock. The initial Conversion Price of $2.00 for the Series B Stock will be the original Issue Price for such series. The Conversion Price will be subject to adjustment from time to time as provided below.
the Conversion Price. The provisions of Section 2 of the Note are hereby incorporated by reference herein as if set forth herein in full. Parent agrees to perform each of its obligations under Section 2 of the Note as if it were a party thereto.
the Conversion Price. Upon conversion of this Note into Note Shares pursuant to this paragraph, the principal amount of this Note and accrued and unpaid interest thereon shall have thereby been paid and discharged in full, this Note shall be canceled, and the holder shall have no recourse to the Company or the guarantor.
the Conversion Price. For the purposes of this Section 2(A), conversion shall be deemed to occur on the date that the ALPINE 4 receives an executed copy of the Notice of Conversion attached hereto as Exhibit A. Any failure by the Holder to provide such notice shall be deemed to be an election not to convert any portion of the Holder's Outstanding Balance.
