Conversion by Holder. Subject to the terms hereof and restrictions and limitations xxxxxined herein, the Holder shall have the right, at Holder's option, at any time and from time to time to convert, in part or in whole, the outstanding Principal Amount under this Note by delivering to the Company a fully executed notice of conversion in the form of conversion notice attached hereto as Exhibit A (the "Conversion Notice"), which may be transmitted by facsimile (with the original mailed on the same date by certified or registered mail, postage prepaid and return receipt requested) on the date of conversion (the "Conversion Date"). Notwithstanding anything to the contrary herein, this Note and the outstanding Principal Amount hereunder shall not be convertible into Common Stock to the extent that such conversion would result in the Holder hereof exceeding the limitations contained in, or otherwise violating the provisions of Section 3(l) below.
Conversion by Holder. Subject to and upon compliance with the provisions of this ARTICLE 3, the Holder shall have the right from time to time, at the Holder’s option, to convert all or any portion (if the portion to be converted is at least US$100,000,000 or such lesser amount then held by the Holder) of the Note to the Company’s fully paid ADSs at any time prior to the close of business on the second Business Day immediately preceding the Maturity Date.
Conversion by Holder. Subject to and upon compliance with the provisions of this Article 3, the Holder shall have the right, at the Holder’s option, to convert all or any portion (if the portion to be converted is US$1,000 principal amount or an integral thereof) of the Note to the Company’s fully paid Class A Shares at the applicable Conversion Rate at any time during the Conversion Period.
Conversion by Holder. Subject to and upon compliance with the provisions of this ARTICLE 3, the Holder shall have the right from time to time, at the Holder’s option, to convert all or any portion of the Note to the Company’s fully paid Ordinary Shares at any time prior to the close of business on the second Business Day immediately preceding the Maturity Date.
Conversion by Holder. Subject to Sections 5.11 and 5.12 and the -------------------- last sentence of this Section, at any time upon fifteen (15) days' prior written notice to the Company at any time and from time to time from the date hereof and prior to the close of business on the Maturity Date or earlier as set forth in this Section 5, the principal sums due under this Note shall be convertible into shares of Common Stock at the Conversion CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. ASTERISKS DENOTE OMISSIONS. Price, at the option of the Holder in whole or in part. The Company may waive the fifteen (15) day notice requirement at its sole discretion as to any Holder or Holders. The Holder shall effect conversions by surrendering this Note (or such portions thereof) to be converted, together with the form of conversion notice attached hereto as Exhibit A (the "Holder Conversion Notice") to the ------------------------ Company. Each Holder Conversion Notice shall specify the principal amount of this Note to be converted (which may not be less than $100,000 or such lesser principal amount of this Note then held in the aggregate by such Holder) and the date on which such conversion is to be effected (which, in any event, shall be no less than fifteen (15) days from the date of such notice unless waived by the Company as set forth above) (the "Holder Conversion Date"). If no Holder ---------------------- Conversion Date is specified in a Holder Conversion Notice, the Holder Conversion Date shall be the date that is fifteen (15) days after the date that the Holder Conversion Notice is deemed delivered pursuant to Section 5.10. Each Holder Conversion Notice may be revoked and rescinded at the election of the Holder exercised in its sole discretion prior to the Holder Conversion Date. If the Holder is converting less than all of the principal amount represented by this Note or if a conversion hereunder cannot be effected in full for any reason, the Company shall honor such conversion to the extent permissible hereunder and shall promptly deliver to such Holder (in the manner and within the time set forth in Section 5.10) a new Note for such principal amount as has not been converted. Interest on the Note shall continue to accrue through the Holder Conversion Date. Notwithstanding the foregoing, no Holder shall be permitted to exercise its conversion rights under this Section if and to the extent that (i) such Holder is (or as a res...
Conversion by Holder. Any Holder of this Note has the right, at the Holder's option, at any time prior to payment in full of the principal balance of this Note, to convert this Note, in accordance with the provisions of Section 8.3 hereof, in whole or in part, into fully paid and nonassessable shares of Common Stock of Maker (the "Common Stock"). The number of shares of Common Stock into which this Note may be converted (the "Conversion Shares") shall be determined by dividing the aggregate principal amount together with all accrued interest to the date of conversion by the Conversion Price (as defined below) in effect at the time of conversion. The initial Conversion Price shall be equal to One Dollar ($1.00).
Conversion by Holder. Subject to Section 3.4, the Holder of this Note may at any time convert the principal amount of this Note then outstanding into a number of shares of Common Stock equal to (x) the aggregate amount of principal of this Note divided by (y) the Conversion Price (as hereinafter defined). As used herein, the "Conversion Price" shall initially be $15.00, shall be adjusted and readjusted from time to time as provided in this Section 3 and, as so adjusted or readjusted, shall remain in effect until a further adjustment or readjustment thereof is required by Section 3 of this Note. Such conversion shall be effected by surrender of this Note to the Company at its office specified in Section 14.9 of the License and Supply Agreement, accompanied by a Conversion Notice in substantially the form attached to this Note (or a reasonable facsimile thereof) executed by such Holder, and such Holder shall thereupon be entitled to receive the number of shares of Common Stock specified in the first sentence of this Section 3.1 or the shares or other interests specified in Section 3.4
Conversion by Holder. Subject to and upon compliance with the provisions of this Article 3, the Holder will have the right from time to time, at the Holder’s option, to convert all or any portion of this Note (the “Conversion Right”) (provided that the portion to be converted is at least US$1,000,000 in principal amount of this Note and any integral multiples of US$1,000,000 in excess thereof) to the Company’s fully paid ADSs at any time during the Conversion Period. Notwithstanding the foregoing, the Company is not obligated to give effect to such exercise of Conversion Rights more than once every 15 calendar days.
Conversion by Holder. The entire principal amount of this Note may be converted into shares of Equity Securities by election of Holder at any time during the term of this Note. The number of shares of Equity Securities to be issued upon such conversion shall be equal to the quotient obtained by dividing (i) the entire principal amount of this Note by (ii) 0.35, rounded up to the nearest whole share.
Conversion by Holder. On any day on which the Company is open for business from and after the date hereof and prior to 5:00 p.m. Salt Lake City time on the Maturity Date, subject to and upon compliance with the provisions of this Section 4, at the option of the Holder, any portion of the then outstanding Principal Amount which is $50,000 or greater and an integral multiple of $1,000 or the remaining balance due, may, so long as this Debenture or any part thereof remains outstanding, be converted into the number of duly authorized, validly issued, fully-paid and nonassessable shares of the Company's Common Stock equal to the then unpaid Principal Amount being converted,
