Common use of Conversion Mechanics Clause in Contracts

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 36 contracts

Samples: Securities Purchase Agreement (American Water Star Inc), Subordination Agreement (Bio Key International Inc), Subordination Agreement (Bio Key International Inc)

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Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 30 contracts

Samples: Subscription Agreement (NextMart Inc.), Security Agreement (BioElectronics Corp), BioMETRX

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article II shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological orderPrice .

Appears in 9 contracts

Samples: Accident Prevention Plus Inc, Accident Prevention Plus Inc, Accident Prevention Plus Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Amortization Dates in chronological order.

Appears in 9 contracts

Samples: Maxim Mortgage Corp/, Note (Epixtar Corp), Note (Epixtar Corp)

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 3 contracts

Samples: Numerex Corp /Pa/, Numerex Corp /Pa/, Ophthalmic Imaging Systems

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 3 contracts

Samples: Cryomass Technologies, Inc., Andina Gold Corp., Andina Gold Corp.

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 3 contracts

Samples: Trimedia Entertainment Group Inc, Trimedia Entertainment Group Inc, Trimedia Entertainment Group Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article II shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 2 contracts

Samples: INCA Designs Inc, BioMETRX

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates payment dates in chronological order.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Bam Entertainment Inc), Bam Entertainment Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note pursuant to this Article III shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In Price (as applicable, the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order“Conversion Shares”).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Attitude Drinks Inc.), Asset Purchase Agreement (Attitude Drinks Inc.)

Conversion Mechanics. (a) The number of shares of Common Stock to be issued -------------------- upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding principal amount under this Note in part Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding principal amount Principal Amount applying to Monthly Amounts for the remaining Repayment Amortization Dates in chronological order.

Appears in 2 contracts

Samples: New Century Energy Corp., Windswept Environmental Group Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount Principal Amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount Principal Amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 2 contracts

Samples: Convertible Term Note (Axesstel Inc), Convertible Term Note (Axesstel Inc)

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount Principal Amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount Principal Amount applying to Monthly Semi-annual Amounts for the remaining Repayment Amortization Dates in chronological order.

Appears in 1 contract

Samples: Clinical Data Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be -------------------- issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding principal amount under this Note in part Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding principal amount Principal Amount applying to Monthly Amounts for the remaining Repayment Amortization Dates in chronological order.

Appears in 1 contract

Samples: New Century Energy Corp.

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological orderamount.

Appears in 1 contract

Samples: American Water Star Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Quarterly Amounts for the remaining Repayment Dates in chronological order.

Appears in 1 contract

Samples: Subordination Agreement (Bio Key International Inc)

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Conversion Mechanics. (a) The number of shares of Common Stock to be --------------------- issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding principal amount under this Note in part Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding principal amount Principal Amount applying to Monthly Amounts for the remaining Repayment Amortization Dates in chronological order.

Appears in 1 contract

Samples: New Century Energy Corp.

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 1 contract

Samples: Elec Communications Corp

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall pursuant to this Article III will be determined by dividing that portion of the principal Principal Amount and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 1 contract

Samples: Trend Mining Co

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by 0.50 (the then applicable Fixed "Holder Conversion Price"). In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 1 contract

Samples: Smartserv Online Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding principal amount under this Note in part Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding principal amount Principal Amount applying to Monthly Principal Amounts for the remaining Repayment Amortization Dates in chronological order.

Appears in 1 contract

Samples: Earthfirst Technologies Inc

Conversion Mechanics. (a) 4.4.1 The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article IIIsection 4, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 1 contract

Samples: Restatement and Amendment Agreement (Command Center, Inc.)

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.. -----------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Ventures National Inc

Conversion Mechanics. (a) The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of a portion of the outstanding principal amount under this Note in part Principal Amount pursuant to this Article III, such conversions shall be deemed to constitute conversions of the outstanding principal amount Principal Amount applying to Monthly Amounts for the remaining Repayment Amortization Dates in chronological order.

Appears in 1 contract

Samples: Jagged Peak, Inc.

Conversion Mechanics. (a) The number of shares of Class A Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal and interest and fees to be converted, if any, by the then applicable Fixed Conversion Price. In the event of any conversions of outstanding principal amount under this Note in part pursuant to this Article III, such conversions shall be deemed to constitute conversions of outstanding principal amount applying to Monthly Amounts for the remaining Repayment Dates in chronological order.

Appears in 1 contract

Samples: Locateplus Holdings Corp

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