Convertible Amount definition

Convertible Amount has the meaning specified in Section 401 of this Indenture.

Convertible Amount means the then outstanding Principal Amount of this Note plus all accrued and unpaid interest thereon.

Convertible Amount. As of the Restatement Date, the full principal amount of this Note ($6,000,000) has converted to the Convertible Amount;

Examples of Convertible Amount in a sentence

• In order to exercise such conversion privilege, the Holder shall surrender this Note to the Borrower accompanied by a written statement (the "Conversion Notice") designating the portion of the Total Convertible Amount to be converted.

• For the purposes of this Note, the term "Total Convertible Amount" shall mean, on any date, the sum of the unpaid principal amount of this Note and the accrued and unpaid interest thereon on such date.

• If this Note shall be converted only in part, the Borrower shall, upon such Conversion, execute and deliver to the Holder, at the expense of the Borrower, a new Note in principal amount equal to the unconverted portion of the Total Convertible Amount (dated as of the Conversion Date).

• If the Holder elects to convert this Note, or a portion thereof, such conversion (a "Conversion") shall be deemed to have taken place immediately prior to the close of business on the Conversion Date, and at such time the rights of the Holder as Holder of this Note shall cease to the extent of the portion of the Total Convertible Amount so converted and the Holder shall be treated for all purposes (with respect to such portion) as the record holder of the Common Stock issuable upon Conversion at such time.

• Notwithstanding the preceding sentence, if, pursuant to Article I, Section 1.1(b) of the Investment Agreement, the stockholders of the Borrower collectively subscribe for a number of Rights Shares that equals at least $2,000,000, then the Holder shall elect to convert the Total Convertible Amount in its entirety into shares of Common Stock of the Borrower pursuant to this Section 5.

More Definitions of Convertible Amount

Convertible Amount means $50,000 plus eight percent (8%) per annum simple interest, based on a 365-day year, with such interest accruing for the period commencing on the Effective Date and ending on the Date of Conversion.

Convertible Amount means the dollar amount of Convertible Loans outstanding at any time under the Convertible Note.

Convertible Amount has the meaning given to such term in Section 3.5(a).

Convertible Amount has the meaning specified in Section 401 of this Indenture. “Convertible Debenture Documents” means, collectively, in respect of any series or‌ issue of Convertible Debentures, the trust indenture governing such Convertible Debentures, the relevant Convertible Debentures and all other material agreements, instruments or other documents evidencing or relating to such Convertible Debentures.

Convertible Amount means such portion of the liquidation amount of any Security as is convertible into Class A Common Stock in accordance with Section 5 of Annex I hereto. As of the date hereof, the aggregate Convertible Amount of outstanding Securities is $92,524,000.

Convertible Amount means upon the exercise by any Investor of the Conversion Right, the aggregate amount of the Convertible Loan Amount and Interest to be converted into Convertible Shares in relation to that Investor as indicated in the Conversion Notice;

Convertible Amount has the meaning provided in in Clause 12.1(a)(i);