Conversion Privileges definition

Conversion Privileges. The rights which the Purchaser has pursuant to the terms of the (i) Subordinated Debt Agreement to convert to Preferred Stock of the Seller and (ii) the Preferred Stock to convert to Common Stock of the Seller.
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Conversion Privileges. The loan may be converted into Commerce Planet, Inc. registered unrestricted freely trading shares at the sole discretion of M▇. ▇▇▇▇▇▇▇▇▇ if the loan is not paid back in full by June 30, 2008. Prior to conversion G▇▇▇▇▇▇▇▇ must provide written intent to the Company for conversion. Notice will be effective upon receipt by Company. The date of receipt will be the effective date for conversion for the share pricing. G▇▇▇▇▇▇▇▇ may convert all or part of any then due interest or unpaid principal into CPNE shares at a maximum cost per share of .34 or at the then current stock price on the close of the date notice is provided, whichever is lower. Any unconverted principal or interest will continue to be governed by the terms of this Agreement.
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Examples of Conversion Privileges in a sentence

  • The Conversion Privileges set forth in Article II shall remain in full force and effect immediately from the date hereof and until the Note is paid in full.

  • The Conversion Privileges set forth in Article II shall remain in full force and effect immediately from the date hereof and until the Note is paid in full regardless of the occurrence of an Event of Default.

  • The Conversion Privileges set forth in --------------------- Article II shall remain in full force and effect immediately from the date hereof and until the Note is paid in full.

  • The Conversion Privileges set forth in Article II shall remain in full force and effect commencing 120 days from the date hereof and until the Note is paid in full.

  • The Conversion Privileges set forth in Article II shall remain in full force and effect immediately from and after the occurrence of an Event of Default as described in Article III and the Subscription Agreement and until the Note is paid in full.

  • The Conversion Privileges set forth in Article II shall remain in full force and effect immediately from the date hereof and until the Note principal and interest are paid in full.

  • The Conversion Privileges set forth in ---------------------- Article II shall remain in full force and effect immediately from the date hereof and until the Note is paid in full.

  • Subject to Sections 9(f) and 9(q) of the Subscription Agreement, the Conversion Privileges set forth in Article II shall remain in full force and effect immediately from the date hereof and until the Note is paid in full regardless of the occurrence of an Event of Default.

  • The Conversion Privileges set forth in Article ---------------------- II shall remain in full force and effect immediately from the date hereof and until the Note is paid in full regardless of the occurrence of an Event of Default.

  • The Conversion Privileges set forth in Article II shall remain in full force and effect immediately from the date hereof and until the Note is paid in full, regardless of the occurrence of an Event of Default.

Related to Conversion Privileges

  • Conversion Rights has the meaning set forth in Section 5.1.

  • Trading Privileges means Trading Access or the right granted to a Person to use the SEF operated by BSEF for execution of Swaps. No Person may exercise Trading Privileges on behalf of a Participant during any suspension of such Participant’s Trading Privileges.

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

  • additional subscription privilege means a privilege, granted to a holder of a right, to subscribe for a security not subscribed for by any holder under a basic subscription privilege;

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.