Common use of Holders Conversion Rights Clause in Contracts

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation at all times, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, into shares of Common Stock, subject to the terms and conditions set forth in this Article II at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 2.3.

Holders Conversion Rights. Subject to Section 2.23.2, the Holder shall have the right, but not the obligation at all times, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, into shares of Common Stock, subject to the terms and conditions set forth in this Article II III at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 2.33.3.

Holders Conversion Rights. Subject to Section 2.2, the The Holder shall have the rightright at all times, but not the obligation at all timesobligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this NoteNote plus accrued interest, into shares of Common Stock, subject to the terms and conditions set forth in this Article II III at the rate of $1.00 0.15 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 2.33.2.

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation at all timesobligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, at the Fixed Conversion Price, as adjusted, into shares of Common Stock, subject to the terms and conditions set forth in this Article II at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription AgreementIII. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 2.3.3.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares.æ

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation at all timesobligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Term Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article II at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription AgreementIII. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 2.33.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the “Conversion Shares.”

Holders Conversion Rights. Subject to Section 2.23.2, the Holder shall have the right, but not the obligation at all times, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, and/or accrued interest into shares of Common Stock, subject to the terms and conditions set forth in this Article II III at the rate of $1.00 0.15 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription Agreement. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 2.33.3.

Holders Conversion Rights. Subject to Section 2.23.2, the Holder shall have the right, but not the obligation at all times, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, into shares of Common Stock, subject to the terms and conditions set forth in this Article II III at the rate of $1.00 per share 65% of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant the average of the lowest three volume weighted average prices of the shares during the preceding 10 day trading period prior to this Note and the Subscription Agreementconversion. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 2.33.2.

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation at all timesobligation, to convert all or any portion of the then aggregate outstanding Amortizing Principal Amount of this Note, together with interest and fees due hereon, at the Fixed Conversion Price, as adjusted, into shares of Common Stock, subject to the terms and conditions set forth in this Article II at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription AgreementIII. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 2.33.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the “Conversion Shares.”

Holders Conversion Rights. Subject to Section 2.2, the Holder Holders shall have the right, but not the obligation at all timesobligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Term Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article II at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription AgreementIII. The Holder Holders may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 2.33.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the “Conversion Shares.”

Holders Conversion Rights. Subject to Section 2.2, the Holder shall have the right, but not the obligation at all timesobligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article II at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription AgreementIII. The Holder may exercise such right by delivery to the Borrower Company of a written Notice of Conversion pursuant to Section 2.33.3. The shares of Common Stock to be issued upon such conversion are herein referred to as the "Conversion Shares."

Holders Conversion Rights. Subject to Section 2.2, the Holder shall will have the right, but not the obligation at all timesobligation, to convert all or any portion of the then aggregate outstanding Principal Amount of this Note, together with interest and fees due hereon, into shares of Common Stock, subject to the terms and conditions set forth in this Article II at the rate of $1.00 per share of Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this Note and the Subscription AgreementIII. The Holder may exercise such right by delivery to the Borrower of a written Notice of Conversion pursuant to Section 2.33.3.