Examples of Note Conversion Date in a sentence
The “Note Conversion Rate” is subject to adjustment prior to the Note Conversion Date as provided in this Section 8.
The conversion price for this Note shall be equal to Ten Cents ($0.10) per share.If Lender undertakes the Conversion, Lender shall notify Borrower of the Conversion (the “Conversion Notice”) including the amount of the principal balance of the Note plus accrued interest up to, but not including, the Note Conversion Date (as defined below) to be converted.
On Conversion, Lender will be entitled to any accrued but unpaid interest on the converted principal amount of this Note which has not been converted into Common Shares as described above through the Note Conversion Date.
If Lender undertakes the Conversion, Lender shall notify Borrower of the Conversion (the “Conversion Notice”) including the amount of the principal balance of the Note plus accrued interest up to, but not including, the Note Conversion Date (as defined below) to be converted.
On the Convertible Note Conversion Date, the Investor shall deliver to the Company this Note, or, if this Note has been lost or stolen, an affidavit and indemnification agreement in form and substance reasonably satisfactory to the Company, and the Company shall issue and deliver to the Investor a certificate for the number of shares of Common Stock issuable upon such conversion in accordance with the provisions hereof (rounded down to the nearest whole share).
On conversion, Lender will be entitled to any accrued but unpaid interest on the converted principal amount of this Note which has not been converted into shares of Common Stock as described above through the Note Conversion Date.
If this Note is not converted on the Note Conversion Date in accordance with this paragraph, this Note shall remain outstanding and continue to accrue interest thereafter until the Maturity Date in accordance with their terms.
Such Preferred Distributions shall accrue (whether or not declared) from and including the Note Conversion Date of the Preferred Units held by such Member to and including the date on which such Preferred Units are redeemed and, to the extent not paid for any Distribution Period, will be cumulative.
The Note Conversion shall be deemed to satisfy the Issuer’s obligation to pay the principal amount of the Notes subject to the Note Conversion and accrued and unpaid interest thereon (other than interest payable at or prior to the date of conversion) from the later to occur of the Amendment and Restatement Closing Date and the last Interest Payment Date on which interest was paid to, and including, the Note Conversion Date.
Upon delivery to the Maker of a fully completed and executed Notice of Conversion, in the form attached hereto as Exhibit B, in accordance with Section 3(b) below (the date of giving such notice of conversion being a "Note Conversion Date"), the Maker shall issue and deliver to the Holder no later than four (4) business days from the Conversion Date that number of shares of Common Stock for the portion of principal of this Promissory Note being converted in accordance with this Section 3.