Examples of Borrower Conversion Notice in a sentence
If the Borrower confirmed that there was no Equity Conditions Failure as of the date of the Borrower Conversion Notice, but an Equity Conditions Failure occurs between the date of the Borrower Conversion Notice and any time until the Borrower Conversion Date (the “Borrower Conversion Interim Period”), the Borrower shall provide the Lender a subsequent written notice to that effect.
If the Equity Conditions are not satisfied (or waived in writing by the Lender) during the Borrower Conversion Interim Period, then the Borrower Conversion Notice shall be null and void and the Lender shall be entitled to all the rights of this Note.
If the Lender determines that any variable in the Borrower Conversion Notice is incorrect it shall notify the Borrower of the correct variable and the Borrower Conversion Notice shall be amended for that change for all purposes under the Transaction Documents.
The Lender shall review the Borrower Conversion Notice and determine the principal amounts, interest and Shares to be converted, paid and delivered respectively.
At the option of Lender, exercisable at any time, Lender shall have the right, upon notice to Borrower ("Conversion Notice"), to cause the conversion of all Series B Shares acquired by Borrower under the Purchase Agreement into Common Stock ("Conversion Shares") without any action by Borrower, but on the other conversion terms set forth in Section 6(c) through 6(j) of the Certificate of Designations.
To exercise any conversion, the holder of this Debenture, either upon its own election or following receipt of the Borrower Conversion Notice, shall surrender the Debenture to the Borrower during usual business hours at the offices of the Borrower, accompanied by a written notice in the form attached hereto as Exhibit A, Notice of Conversion, and made a part hereof.
To exercise any conversion, the holder of this Debenture, either upon its own election or following receipt of the Borrower Conversion Notice, shall surrender the original Debenture to the Borrower during usual business hours at the offices of the Borrower, accompanied by a written notice in the form attached hereto as Exhibit A, Notice of Conversion, and made a part hereof.
At the option of Xxxxxx, exercisable at any time, Lender shall have the right, upon notice to Borrower ("Conversion Notice"), to cause the conversion of all Series B Shares acquired by Borrower under the Purchase Agreement into Common Stock ("Conversion Shares") without any action by Borrower, but on the other conversion terms set forth in Section 6(c) through 6(j) of the Certificate of Designations.
Within two (2) Business Days after the Borrower Conversion Date, the Borrower shall cause to be delivered to the Lender a share certificate or certificates (or such other evidence of the issuance of the Shares from the Borrower’s transfer agent, including direct registration system advices) for the applicable number of Shares issuable under the applicable Borrower Conversion Notice registered in the manner specified in writing by the Lender.
Subject to the terms and conditions of this Section 5(a)(ii), the Borrower shall effect the conversion of this Note pursuant to a Borrower Conversion Notice on the 10th Trading Day immediately succeeding the date of the Borrower Conversion Notice (the "BORROWER CONVERSION DATE").