Default Cure Date definition

Default Cure Date means (i) with respect to a Conversion Default described in clause (x) of its definition, the date the Corporation effects the conversion of the full number of shares of Series B Preferred Stock and (ii) with respect to a Conversion Default described in clause (y) of its definition, the date the Corporation begins to issue freely tradeable shares of Common Stock in satisfaction of all conversions of Series B Preferred Stock in accordance with Article IV.A, and (iii) with respect to either type of a Conversion Default, the date on which the Corporation redeems shares of Series B Preferred Stock held by such holder pursuant to Paragraph D of this Article VI.

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Default Cure Date means, as applicable, (i) with respect to a Conversion Default described in clause (x) of its definition, the date the Corporation effects the conversion of the full number of shares of Series B Preferred Stock, and (ii) with respect to a Conversion Default described in clause (y) of its definition, the date the Corporation issues freely tradable shares of Common Stock in satisfaction of all conversions of Series B Preferred Stock in accordance with Article IV.A, or (iii) with respect to either type of a Conversion Default, the date on which the Corporation redeems shares of Series B Preferred Stock held by such holder pursuant to this Article VI.A.

Default Cure Date means (A) with respect to a Conversion Default described in clause (i) of its definition, the date the Corporation effects the conversion of all of the outstanding Notes, and (B) with respect to a Conversion Default described in clause (ii) or (iii) of its definition, the date the Corporation issues Conversion Securities in satisfaction of all conversions of the Notes.

Examples of Default Cure Date in a sentence

If there shall occur an Exercise Default of the type described in clause (y) of Article IV.A., then the Fixed Exercise Price with respect to any exercise thereafter shall be the lowest Exercise Price in effect at any time during the period beginning on, and including, the date of the occurrence of such Exercise Default through and including the Default Cure Date.
If there shall occur a Conversion Default of the type described in clause (y) of Article VI.A, then the Conversion Price with respect to any conversion thereafter shall be the lowest Conversion Price in effect at any time during the period beginning on, and including, the date of the occurrence of such Conversion Default through and including the Default Cure Date.
If there shall occur an Exercise Default of the type described in clause (y) of Article IV.A, then the Fixed Exercise Price with respect to any exercise thereafter shall be the lowest Exercise Price in effect at any time during the period beginning on, and including, the date of the occurrence of such Exercise Default through and including the Default Cure Date.
In the event any Conversion Default continues beyond such ten (10) trading day period, the Holder shall be entitled to interest on the Outstanding Amount at a rate per annum equal to the lower of twenty-four percent (24%) and the highest rate permitted by applicable law from the expiration of the ten (10) trading day period described above through and including the Default Cure Date.
The amount of Registration Default Interest payable to CCC on any day will be determined by multiplying the Registration Default Interest Rate by the Put Price, if Share Settlement was elected, or by the Partial Equity Amount, if Combined Settlement was elected, further multiplied by a fraction, the numerator of which is the number of days elapsed from and including the date of the Put Closing to, but excluding, the Registration Default Cure Date, and the denominator of which is 365.

More Definitions of Default Cure Date

Default Cure Date means (i) with respect to an Exercise Default described in clause (x) of its definition, the date the Corporation effects the exercise of the portion of this Warrant submitted for exercise, and (ii) with respect to an Exercise Default described in clause (y) of its definition, the date the Corporation begins to issue freely tradeable shares of Common Stock in satisfaction of all exercises of Prepaid Warrants in accordance with their terms and (iii) with respect to either type of Exercise Default, the date on which the Corporation pays to Holder the Default Amount (as defined in Article VI.B) pursuant to Paragraph D of this Article IV.

Default Cure Date means, as applicable, (i) with respect to a Conversion Default described in clause (i) of Article IV.A, the date Borrower effects the conversion of the full amount of this Note being converted, (ii) with respect to a Conversion Default described in clause (ii) of Article IV.A, the date Borrower issues freely tradable shares of Common Stock in satisfaction of the conversion of the full amount of this Note being converted in accordance with Article II, or (iii) with respect to either type of a Conversion Default, the date on which Borrower prepay this Note pursuant to Article IV.A.

Default Cure Date means, as applicable, (i) with respect to a Conversion Default described in clause (x) of its definition, the date the Corporation effects the conversion of the full number of shares of Series A Preferred Stock, and (ii) with respect to a Conversion Default described in clause (y) of its definition, the date the Corporation issues freely tradable shares of Common Stock in satisfaction of all conversions of Series A Preferred Stock in accordance with Article IV.A, or (iii)

Default Cure Date means (i) with respect to a Conversion Default described in clause (x) of its definition, the date the Corporation effects the conversion of the portion of this Debenture submitted for conversion and (ii) with respect to a Conversion Default described in clause (y) of its definition, the date the Corporation begins to issue freely tradeable Common Stock in satisfaction of all conversions of Debentures in accordance with their terms.

Default Cure Date means, as applicable, (i) with respect to a Conversion Default described in clause (i) of Article IV.A, the date the Borrower effects the conversion of the full amount of this Note being converted, (ii) with respect to a Conversion Default described in clause (ii) of Article IV.A, the date the Borrower issues freely tradable shares of Common Stock in satisfaction of the conversion of the full amount of this Note being converted in accordance with Article II, or (iii) with respect to either type of a Conversion Default, the date on which the Borrower prepay this Note pursuant to Article IV.A.

Default Cure Date means, as applicable, (i) with respect to a Conversion Default described in clause (i) of Article VI.A, the date the Corporation effects the conversion of the full number of shares of Series B Preferred Stock, (ii) with respect to a Conversion Default described in clause (ii) of Article VI.A, the date the Corporation issues freely tradable shares of Common Stock in satisfaction of all conversions of Series B Preferred Stock in accordance with Article IV, or (iii) with respect to either type of a Conversion Default, the date on which the Corporation redeems shares of Series B Preferred Stock held by such holder pursuant to Article VI.A.