Conversion Shares definition

Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of this Note in accordance with the terms hereof.

Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Series A Preferred Stock in accordance with the terms hereof.

Examples of Conversion Shares in a sentence

• The Company understands and acknowledges that the issuance of the Securities may result in dilution of the outstanding shares of Class B Common Stock, which dilution may be substantial under certain market conditions, and that the number of Conversion Shares may increase in certain circumstances.

• The Company shall pay all transfer agent fees required for same-day processing of any conversion and all fees to the Depository Trust Company (or another established clearing corporation performing similar functions) required for same-day electronic delivery of the Conversion Shares.

• The number of Conversion Shares issuable upon a Conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note and accrued and unpaid interest to be converted by (y) the applicable Conversion Price.

• The Company shall honor conversions of the Debentures and shall deliver Conversion Shares in accordance with its terms, conditions and time periods set forth therein.

• In the event that such sale, assignment or transfer involves Conversion Shares sold, assigned or transferred pursuant to an effective registration statement or in compliance with Rule 144, the transfer agent shall issue such shares to such Buyer, assignee or transferee (as the case may be) without any restrictive legend.

More Definitions of Conversion Shares

Conversion Shares means all shares of Common Stock issuable upon conversion of all or any portion of the Note; and “Securities” means the Note and the Conversion Shares.

Conversion Shares means the Common Stock issued or issuable upon conversion of the Shares.

Conversion Shares means the shares of Common Stock or other equity securities issued or issuable upon conversion of the Acquired Shares.

Conversion Shares shall have the meaning ascribed to such term in the Certificate of Designation.

Conversion Shares means the shares of Common Stock issuable upon conversion of the Notes purchased by the Purchasers pursuant to the Purchase Agreement.

Conversion Shares means, collectively, the shares of Common Stock into which the shares of Preferred Stock are convertible in accordance with the terms hereof.

Conversion Shares means Ordinary Shares issuable upon conversion of any Preferred Shares.