Holder’s Conversion Right. Subject to the provisions of Section 7 and Section 10, at any time or times on or after the Initial Issuance Date, any Holder shall be entitled to convert any whole number of Preferred Shares, plus the amount of any accrued but unpaid Dividends per Preferred Share then remaining, into fully paid and nonassessable shares of Common Stock in accordance with Section 2(d) at the Conversion Rate (as defined below).
Appears in 5 contracts
Samples: Investors Rights Agreement (Cano Petroleum, Inc), Agreement and Plan of Merger (Cano Petroleum, Inc), Securities Purchase Agreement (Cano Petroleum, Inc)
Holder’s Conversion Right. Subject to the provisions of Section 7 and Section 109, at any time or times on or after the Initial Issuance Date, any Holder shall be entitled to convert any whole number of Series B Preferred Shares, plus the amount of any accrued but unpaid Dividends per Preferred Share then remaining, Shares into fully paid and nonassessable shares of Common Stock in accordance with Section 2(d3(c) at the Conversion Rate (as defined below).
Appears in 2 contracts
Samples: Series B Omnibus Amendment and Stockholder Consent (Telik Inc), Securities Purchase Agreement (Telik Inc)
Holder’s Conversion Right. Subject to the provisions of Section 7 6 ------------------------- and Section 1014, at any time or times on or after the Initial Issuance Date, any Holder shall be entitled to convert any whole number of shares of Series D Preferred Shares, plus the amount of any accrued but unpaid Dividends per Preferred Share then remaining, Stock into fully paid and nonassessable shares of Common Stock Shares in accordance with Section 2(d3(d) at the Conversion Rate (as defined below).
Appears in 1 contract
Samples: Securities Purchase Agreement (Charys Holding Co Inc)
Holder’s Conversion Right. Subject to the provisions of Section 7 and Section 1014, at any time or times on or after the Initial Issuance Date, any Holder shall be entitled to convert any whole number of Preferred Shares, plus the amount of any accrued but unpaid Dividends per Preferred Share then remainingShare, into fully paid and nonassessable shares of Common Stock in accordance with Section 2(d3(c) at the Conversion Rate (as defined below)Rate.
Appears in 1 contract
Samples: Purchase Agreement (GeoEye, Inc.)
Holder’s Conversion Right. Subject to the provisions of Section 7 5 and Section 1014, at any time or times on or after the Initial Issuance Date, any Holder shall be entitled to convert any whole number of Preferred Shares, plus the amount of any accrued but unpaid Dividends per Preferred Share then remaining, into fully paid and nonassessable shares of Common Stock in accordance with Section 2(d) at the Conversion Rate (as defined below).
Appears in 1 contract
Samples: Securities Purchase Agreement (Devcon International Corp)
Holder’s Conversion Right. Subject to the provisions of Section 7 5 and Section 1012, at any time or times on or after the Initial Issuance Date, any Holder shall be entitled to convert any whole number of Preferred Shares, plus the amount of any accrued but unpaid Dividends per Preferred Share then remaining, into fully paid and nonassessable shares of Common Stock in accordance with Section 2(d) at the Conversion Rate (as defined below).
Appears in 1 contract
Samples: Consent and Waiver Agreement (Interpharm Holdings Inc)
