Example ContractsClausesdtc eligibility & market lossVariants
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DTC Eligibility & Market Loss. If the Borrower fails to maintain its status as “DTC Eligible” for any reason, or, if the Conversion Price is less than at any time while this Note is outstanding, the principal amount of the Note shall increase by (under Holder’s and Borrower’s expectation that any principal amount increase will tack back to the Issue Date). In addition, the Variable Conversion Price shall be redefined to mean forty percent (40%) multiplied by the Market Price, subject to adjustment as provided in this Note.

DTC Eligibility & Market Loss. If the Borrower fails to maintain its status as “DTC Eligible” for any reason, or, if the Conversion Price is less than at any time while this Note is outstanding, the principal amount of the Note shall increase by (under Holder’s and Borrower’s expectation that any principal amount increase will tack back to the Issue Date). In addition, and the Variable Conversion Price shall be redefined to mean fortyseventy percent (40%(70%) multiplied by the Market Price, subject to adjustment as provided in this Note.

DTC Eligibility & Market Loss.

DTC; Sub-Penny. If the Borrower fails to maintain its status as DTC Eligible“DTC Eligible” for any reason, or, if the Variable Conversion Price is lessequal to or lower than at any time while this Note is outstanding, the principal amount of the Note, then an additional fifteen percent (15%) discount shall increase by (under Holder’s and Borrower’s expectation that any principal amount increase will tack back to the Issue Date). In addition,be factored into the Variable Conversion Price shall be redefined to mean forty percent (40%) multiplied by the Market Price, subject to adjustment as provideduntil this Note is no longer outstanding (resulting in this Note.a discount rate of 65%, assuming no other adjustments are triggered hereunder).

DTC Eligibility & Market Loss.

DTC; Sub-Penny. If the Borrower fails to maintain its status as DTC Eligible“DTC Eligible” for any reason, or, if the Variable Conversion Price on the OTCQB or other applicable principal trading market for the Common Stock is lessequal to or lower than at any time while this Note is outstanding, the principal amount of the Note, then an additional fifteen percent (15%) discount shall increase by (under Holder’s and Borrower’s expectation that any principal amount increase will tack back to the Issue Date). In addition,be factored into the Variable Conversion Price shall be redefined to mean forty percent (40%) multiplied by the Market Price, subject to adjustment as provideduntil this Note is no longer outstanding (resulting in this Note.a discount rate of 65%, assuming no other adjustments are triggered hereunder).

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