Note Conversion means the Conversion and relevant mechanism described under the Agreement.
Note Conversion has the meaning specified in the Recitals hereto.
Note Conversion has the meaning set forth in Section 5.01.
Examples of Note Conversion in a sentence
Note: Conversion to a point−of−sale dispensing system or device does not require a certified installer.
Note: Conversion is only supported between compatible units! In other words, converting temperature units from degC to Kelvin works fine, changing precipitation units from a rate based unit to an amount based unit is not supported at the moment.
Upon the consummation of the Merger, the outstanding principal amount of $2,000,000.00 and accrued and unpaid interest of $110,027.40 pursuant to the Reporting Person’s 8% unsecured subordinated convertible promissory note issued by the Issuer, dated as of February 28, 2019, was converted into 301,605 Note Conversion Shares.
The Note Conversion Warrants have an exercise price of $45.00 per share, a five year term and contain a down round provision.
Note Conversion Warrants Upon the closing of the August 2017 Offering, the Company issued 23,999 warrants to purchase the Company's common stock (the “Note Conversion Warrants”).
More Definitions of Note Conversion
Note Conversion has the meaning specified in Section 3.02(a).
Note Conversion means collectively (i) the conversion of the Promissory Note into shares of GEE Common Stock in accordance with the terms of the Promissory Note (ii) the payment of any interest on the Promissory Note in shares of GEE Common Stock and (iii) the issuance of any other shares of GEE Common Stock in connection with the Company’s issuance of the Promissory Note.
Note Conversion means the conversion of indebtedness in the original principal amount of $1,731,919.60 owed by Holiday RV to the Investor Group (which is the entire principal amount Holiday RV and the Investor Group have agreed is due and payable pursuant to the Stock Purchase Agreement and the Purchase Notes), into five hundred thousand (500,000) shares of Common Stock (the "Conversion Shares") at a price per share of $2.88. All interest on the indebtedness accrued and unpaid as of the Effective Date shall be paid to the Investor Group as soon as practicable after the closing (the "Closing") of the transactions contemplated by this Conversion Agreement.
Note Conversion. Section 2.6(c)(i) “Objection Notice” Section 2.18(a) “Objection Period” Section 2.18(a)
Note Conversion means the transaction pursuant to which the Initial Holders converted $4,000,000 in the principal owed to them by the Corporation into 453,761 shares of Series A Preferred Stock.
Note Conversion is defined in Section 5.4 below.
Note Conversion. Any date on or after the date hereof and through the later of (i) the Maturity Date or (ii) the date that the Obligations hereunder are repaid in full, PFG, at its sole desertion, shall have the right (but not the obligation), at any time, to convert the Promissory Note into Common Stock at a conversion price equal to (x) the principal amount of the PFG Investment plus any accrued and unpaid interest thereon, divided by (y) the amount that is one-hundred and twenty percent (120%) of the initial listing price of the Common Stock, per share, immediately after the opening trade on the date of completion of the Group Parent’s public listing on New York Stock Exchange (collectively, the “Conversion Shares”). Upon conversion, Group Parent shall issue in the name of PFG or its Affiliate, a certificate, certificates or other evidence of the Conversion Shares to which PFG is entitled upon such conversion and such certificate(s) (or other evidence of issuance satisfactory to PFG) shall be promptly delivered to PFG. Group Parent shall reserve and keep available out its authorized but not unissued share capital such number of Conversion Shares as shall from time to time be sufficient to effect conversion of the Promissory Note. Group Parent will not, by amendment of its charter documents, shareholders or other agreements with investors or through any reorganization, recapitalization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities, dividend or other distribution of cash or property, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by Group Parent but will at all times in good faith assist in the carrying out of all the provisions hereof, and in the taking of all such action as may be necessary or appropriate in order to protect the conversion rights of PFG as set forth herein against impairment. Upon conversion of this Promissory Note, (a) the Group Parent shall have no further obligations under the Promissory Note other than to deliver such Common Stock and (b) PFG and Group Parent hereby agree to execute and deliver all transaction documents reasonably necessary to effect such conversion and the Note Agreement and the Note Documents shall be deemed terminated.