Common use of Conversion Right Clause in Contracts

Conversion Right. Subject to the limitations of Section (3)(c), at any time or times on or after the Issuance Date, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount into fully paid and nonassessable Common Shares in accordance with Section (3)(b), at the Conversion Price. The number of Common Shares issuable upon conversion of any Conversion Amount pursuant to this Section (3)(a) shall be determined by dividing (x) such Conversion Amount by (y)

Appears in 11 contracts

Samples: Prepaid Advance Agreement (Applied Digital Corp.), Prepaid Advance Agreement (Applied Digital Corp.), Applied Digital Corp.

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Conversion Right. Subject to the limitations of Section (3)(c4)(c), at any time or times on or after the Issuance Date, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount (as defined below) into fully paid and nonassessable shares of Common Shares Stock in accordance with Section (3)(b4)(b), at the Conversion PricePrice (as defined below). The number of shares of Common Shares Stock issuable upon conversion of any Conversion Amount pursuant to this Section (3)(a4)(a) shall be determined by dividing (x) such Conversion Amount by (y)

Appears in 4 contracts

Samples: Securities Purchase Agreement (Kidpik Corp.), Securities Purchase Agreement (Canoo Inc.), Securities Purchase Agreement (Canoo Inc.)

Conversion Right. Subject to the limitations of Section (3)(c), at any time or times on or after the Issuance Date, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount into fully paid and nonassessable shares of Common Shares Stock in accordance with Section (3)(b), at the Conversion Price. The number of shares of Common Shares Stock issuable upon conversion of any Conversion Amount pursuant to this Section (3)(a) shall be determined by dividing (x) such Conversion Amount by (y)

Appears in 3 contracts

Samples: Equity Purchase Agreement (Lionheart III Corp), SMX (Security Matters) Public LTD Co, SMX (Security Matters) Public LTD Co

Conversion Right. Subject to the limitations of Section (3)(c‎(3)(c), at any time or times on or after the Issuance Date, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount into fully paid and nonassessable Common Shares in accordance with Section (3)(b‎(3)(b), at the Conversion Price. The number of Common Shares issuable upon conversion of any Conversion Amount pursuant to this Section (3)(a‎(3)(a) shall be determined by dividing (x) such Conversion Amount by (y)

Appears in 2 contracts

Samples: Equity Purchase Agreement (Celularity Inc), Celularity Inc

Conversion Right. Subject to the limitations of Section (3)(c), at any time or times on or after the Issuance Date, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount into fully paid and nonassessable Common Ordinary Shares in accordance with Section (3)(b), at the Conversion Price. The number of Common Ordinary Shares issuable upon conversion of any Conversion Amount pursuant to this Section (3)(a) shall be determined by dividing (x) such Conversion Amount by (y)

Appears in 2 contracts

Samples: Equity Purchase Agreement (Zapp Electric Vehicles Group LTD), X3 Holdings Co., Ltd.

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Conversion Right. Subject to the limitations of Section (3)(c), at any time or times on or after the Issuance Date, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount into fully paid and nonassessable Common Shares Stock in accordance with Section (3)(b), at the Conversion Price. The number of shares of Common Shares Stock issuable upon conversion of any Conversion Amount pursuant to this Section (3)(a) shall be determined by dividing (x) such Conversion Amount by (y)

Appears in 1 contract

Samples: Equity Purchase Agreement (GigCapital5, Inc.)

Conversion Right. Subject to the limitations of Section (3)(c4)(e), at any time or times on or after the Issuance Date, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount (as defined below) into fully paid and nonassessable Common Ordinary Shares in accordance with Section (3)(b4)(b) and (4)(c), at the Conversion Price. The number of Common Shares issuable upon conversion of any Conversion Amount pursuant to this Section (3)(a) shall be determined by dividing (x) such Conversion Amount by (y)Conversion

Appears in 1 contract

Samples: CooTek(Cayman)Inc.

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