Time of Conversion Sample Clauses

Time of Conversion. Noteholders may not convert their notes prior to August 1, 1998. After the closing of the Company's proposed equity offering in the minimum amount of $2,000,000 in mid-1998, there will be a mandatory conversion if the closing bid price of the Company's common stock on the Vancouver Stock Exchange averages in excess of $1.50 for a ninety (90) day period.
AutoNDA by SimpleDocs
Time of Conversion. As promptly as practicable after the written notice of conversion has been delivered to the Borrower, as herein provided, the Borrower shall deliver or cause to be delivered at the Borrower's office a certificate for the shares of Common Stock issuable in connection with such conversion.
Time of Conversion. This Warrant may be converted in whole or in part at any time, from time to time, from the date hereof through the Termination Date.
Time of Conversion. Each conversion of Series C Preferred Stock pursuant to Sections 1.6.1 and 1.6.2 shall be deemed to have been effected immediately prior to the close of business on the Business Day on which such Series C Preferred Stock shall have been surrendered to the Company as provided herein (except that, in the case of a conversion subject to Section 1.6.7 below, the conversion shall be deemed to be effective upon the expiration of the Deferral Period referred to therein). Each conversion pursuant to Section 1.6.3 shall be deemed to have been effected as of the record date specified in the notice therefor, and such conversion shall be at the Conver- sion Price in effect at such time (except that, in the case of a conversion subject to Section 1.6.7 below, the conversion shall be deemed to be effective upon the expiration of the Deferral Period referred to therein). On each such day that the conversion of shares of Series C Preferred Stock is deemed effected, the Person or Persons in whose name or names any certificate or certificates for shares of stock are issuable upon such conversion shall be deemed to have become the holder or holders of record thereof. 1.6.7.
Time of Conversion. 27- 1.6.8. Issuance of Certificate for Common Stock............. -28- 1.6.9. Books of Corporation................................. -29- 1.7. Anti-Dilution Adjustments.................................... -29- 1.7.1. Issuance of Additional Shares of Common Stock........ -29- 1.7.2.
Time of Conversion. The conversion of a Debenture shall be deemed to have been made at the close of business on the date on which the Debenture is surrendered for conversion in accordance with Section 6.1 or the Company Conversion Notice is received by the Trustee pursuant to Section 6.2 so that the rights as such of the Debentureholder shall terminate at such time (the "CONVERSION TIME"), to the extent of conversion, and the person or persons entitled to receive the Units into which the Debenture is converted shall be deemed to have become the holder or holders of record of such Common Shares and Purchase Warrants at such time.
Time of Conversion a) Noteholders may at anytime convert their Notes subject to the terms set forth in the opinion letter of AIM's counsel dated November 2, 1998. except as otherwise provided in Paragraph 5 of this agreement.
AutoNDA by SimpleDocs
Time of Conversion. As promptly as practicable after the surrender, as herein provided, of any Security or Securities for conversion, the Issuer shall deliver or cause to be delivered at any office or agency to be maintained by it in accordance with the provisions of Section 3.2 to or upon the written order of the Holder of the Security or Securities so surrendered a certificate or certificates evidencing the number of fully paid and nonassessable shares of Class A Common Stock and Class B Non-Voting Common Stock of the Issuer into which such Security or Securities (or portion thereof) may be converted in accordance with the provisions of this Article XIII. Subject to the following provisions of this paragraph and of Section 13.8, such conversion shall be deemed to have been made immediately prior to the close of business on the date that such Security or Securities shall have been surrendered in satisfactory form for conversion, so that the rights of the Holder as a Holder shall cease with respect to such Security or Securities (or the portion thereof being converted) at such time, and the Person or Persons entitled to receive the shares of Class A Common Stock and Class B Non-Voting Common Stock deliverable upon conversion of such Security or Securities shall be treated for all purposes as having become the record holder or holders of such shares of Common Stock at such time, and such conversion shall be at the Conversion Price in effect at such time; provided, however, that no such surrender on any date when the stock transfer books of the Issuer shall be closed shall be effective to constitute the Person or Persons entitled to receive the shares of Class A Common Stock and Class B Non-Voting Common Stock deliverable upon such conversion as the record holder or holders of such shares of Common Stock on such date, but such surrender shall be effective to constitute the Person or Persons entitled to receive such shares of Common Stock as the record holder or holders thereof for all purposes immediately prior to the close of business on the next succeeding day on which such stock transfer books are open, and such conversion shall be deemed to have been made at, and shall be made at the Conversion Price in effect at such time and on such next succeeding day.
Time of Conversion. A Securityholder’s conversion right is deemed to have been exercised on the Conversion Date.
Time of Conversion. Conversion is deemed to be effected:
Time is Money Join Law Insider Premium to draft better contracts faster.