CONVERSION OF SERIES A PREFERRED STOCK INTO COMMON STOCK Sample Clauses

CONVERSION OF SERIES A PREFERRED STOCK INTO COMMON STOCK. Upon conversion of all of the issued and outstanding shares of the Corporation's Series A Preferred Stock into Common Stock, this Warrant will automatically be exercisable only into Common Stock in an amount equal to such number of shares of Common Stock of the Corporation as the Holder hereof would have received had this Warrant been exercised in full for Series A Preferred Stock and then converted into Common Stock on the date all issued and outstanding shares of Series A Preferred Stock converted into Common Stock. The Warrant Price in effect immediately prior to such conversion will, concurrently with the effectiveness of such conversion, be proportionally adjusted. Upon such conversion of Series A Preferred Stock into Common Stock, all references under this Warrant to Series A Preferred Stock will be deemed to be references to Common Stock.
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CONVERSION OF SERIES A PREFERRED STOCK INTO COMMON STOCK. At any time and from time to time after the issuance of the Series A Preferred Stock, any holder thereof may convert any or all of the shares of Series A Preferred Stock held by such holder at the ratio of one (1) share of Common Stock for every one (1) share of Series A Preferred Stock converted (the “Conversion Rate”), provided, however, that no holder shall be entitled to convert any or all of the shares of Series A Preferred Stock held by such holder if and to the extent that such conversion would cause such holder to be a beneficial owner of more than four and ninety-nine-hundredths percent (4.99%) of the Common Stock, as determined under Rule 13d-1(a) under the Securities Exchange Act of 1934 (the “Exchange Act”), as amended; provided, that the preceding proviso may be waived by such holder (or any designee thereof) with a 61-days advance written notice to the Corporation and, if applicable, the transfer agent.
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CONVERSION OF SERIES A PREFERRED STOCK INTO COMMON STOCK. Any holder of a Receipt or Receipts may effect the conversion of any whole number of Depositary Shares into shares of Common Stock by delivering the Depositary Receipt or Receipts at the Corporate Office or at such other office as the Depositary may designate for such conversions together with written notice of the name an address in which the certificate for the shares of Common Stock is to be issued, provided that a holder of a Receipt or Receipts may not convert any Depositary Shares representing shares of Preferred Stock previously called for redemption unless such conversion is effected prior to the close of business on the tenth day preceeding the redemption date. After such delivery, without unreasonable delay, the Depositary shall deliver to such holder the number of whole shares of Common Stock into which the shares and/or fraction of a share of Series A Preferred Stock represented by such Depositary Shares have been converted pursuant to the conversion price and the conversion terms specified in the Designation. No fractional shares of Common Stock will be issued upon conversion, and if such conversion would result in a fractional share being issued, an amount will be paid in cash equal to the value of the fractional interest based on the pricing mechanism for shares of Common Stock specified in the Designation.
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CONVERSION OF SERIES A PREFERRED STOCK INTO COMMON STOCK. (1) Subject to the provisions of this subdivision (f), the holder of record of any share or shares of Series “A” Preferred Stock shall have the right, at his option, at any time commencing after the date of issuance of said shares, to convert one (1) share of Series “A” Preferred Stock into ten (10) fully paid and nonassessable shares of Common Stock of the Company.
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CONVERSION OF SERIES A PREFERRED STOCK INTO COMMON STOCK 
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Related to CONVERSION OF SERIES A PREFERRED STOCK INTO COMMON STOCK

  • Series A Preferred Stock On the Closing Date, each Subscriber shall purchase and the Company shall sell to each such Subscriber, the number of shares of Preferred Stock designated on such Subscriber’s signature page hereto for such Subscriber’s Purchase Price indicated thereon.

  • Series B Preferred Stock Section 1.2(d)......................... 5 Shares............................ Section 3.2(a).........................

  • Series C Preferred Stock The holders of outstanding shares of Series C Preferred Stock shall be entitled to receive dividends, when and as declared by the Board of Directors, out of any assets at the time legally available therefor, at the Dividend Rate specified for such shares of Preferred Stock payable in preference and priority to any declaration or payment of any distribution on Series A Preferred Stock, Series B Preferred Stock or Common Stock of the Corporation other than a dividend payable solely in Common Stock. No distributions shall be made with respect to the Series A Preferred Stock, Series B Preferred Stock or Common Stock during any fiscal year of the Corporation, other than dividends on the Common Stock payable solely in Common Stock, until all dividends at the applicable Dividend Rate on the Series C Preferred Stock have been declared and paid or set apart for payment to the holders of Series C Preferred Stock. The right to receive dividends on shares of Series C Preferred Stock shall not be cumulative, and no right to such dividends shall accrue to holders of Series C Preferred Stock by reason of the fact that dividends on said shares are not declared or paid in any year.

  • Conversion of Preferred Stock If the Class is a class and series of the Company’s convertible preferred stock, in the event that all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into common stock pursuant to the provisions of the Company’s Certificate of Incorporation, including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted, this Warrant shall be exercisable for such number of shares of common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

  • Conversion of Preferred Shares If, at any time, any of the Preferred Shares are converted into REIT Shares, in whole or in part, then a number of Partnership Preferred Units equal to the number of Preferred Shares so converted shall automatically be converted into a number of Partnership Common Units equal to (i) the number of REIT Shares issued upon such conversion divided by (ii) the Adjustment Factor then in effect, and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to reflect such conversion.

  • Conversion of Company Preferred Stock The Company shall have completed the conversion of all issued and outstanding Company Preferred Stock to Company Common Stock.

  • Series A Preferred Units (a) The authorized number of Series A Preferred Units shall be unlimited. Series A Preferred Units that are purchased or otherwise acquired by the Partnership shall be cancelled.

  • Conversion of Common Stock In case all or any portion of the authorized and outstanding shares of Common Stock of the Company are redeemed or converted or reclassified into other securities or property pursuant to the Company's Certificate of Incorporation or otherwise, or the Common Stock otherwise ceases to exist, then, in such case, the Holder of this Warrant, upon exercise hereof at any time after the date on which the Common Stock is so redeemed or converted, reclassified or ceases to exist (the "TERMINATION DATE"), shall receive, in lieu of the number of shares of Common Stock that would have been issuable upon such exercise immediately prior to the Termination Date, the securities or property that would have been received if this Warrant had been exercised in full and the Common Stock received thereupon had been simultaneously converted immediately prior to the Termination Date, all subject to further adjustment as provided in this Warrant. Additionally, the Purchase Price shall be immediately adjusted such that the aggregate Purchase Price of the maximum number of securities or other property for which this Warrant is exercisable immediately after the Termination Date is equal to the aggregate Purchase Price of the maximum number of shares of Common Stock for which this Warrant was exercisable immediately prior to the Termination Date, all subject to further adjustment as provided herein.

  • Changes in Common Stock or Preferred Stock If, and as often as, there is any change in the Common Stock or the Preferred Stock by way of a stock split, stock dividend, combination or reclassification, or through a merger, consolidation, reorganization or recapitalization, or by any other means, appropriate adjustment shall be made in the provisions hereof so that the rights and privileges granted hereby shall continue with respect to the Common Stock or the Preferred Stock as so changed.

  • Preferred Stock Shares of Preferred Stock may be issued from time to time in one or more series, each of such series to have such terms as stated or expressed herein and in the resolution or resolutions providing for the creation and issuance of such series adopted by the Board of Directors as hereinafter provided. Authority is hereby expressly granted to the Board of Directors from time to time to issue the Preferred Stock in one or more series, and in connection with the creation of any such series, by adopting a resolution or resolutions providing for the issuance of the shares thereof and by filing a certificate of designation relating thereto in accordance with the DGCL (a “Certificate of Designation”), to determine and fix the number of shares of such series and such voting powers, full or limited, or no voting powers, and such designations, preferences and relative participating, optional or other special rights, and qualifications, limitations or restrictions thereof, including without limitation thereof, dividend rights, conversion rights, redemption privileges and liquidation preferences, and to increase or decrease (but not below the number of shares of such series then outstanding) the number of shares of any series as shall be stated and expressed in such resolutions, all to the fullest extent now or hereafter permitted by the DGCL. Without limiting the generality of the foregoing, the resolution or resolutions providing for the creation and issuance of any series of Preferred Stock may provide that such series shall be superior or rank equally or be junior to any other series of Preferred Stock to the extent permitted by law and this Second Amended and Restated Certificate (including any Certificate of Designation). Except as otherwise required by law, holders of any series of Preferred Stock shall be entitled only to such voting rights, if any, as shall expressly be granted thereto by this Second Amended and Restated Certificate (including any Certificate of Designation). The number of authorized shares of Preferred Stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the stock of the Corporation entitled to vote, irrespective of the provisions of Section 242(b)(2) of the DGCL.

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