Number of Shares Upon Conversion. The number of shares of Common Stock into which a share of Series B Preferred Stock shall be convertible shall be determined by dividing $1,000 by the Applicable Conversion Price (subject to the conversion procedures of Section 9 hereof) plus cash in lieu of fractional shares in accordance with Section 13 hereof.
Appears in 4 contracts
Samples: Investment Agreement (North American Financial Holdings, Inc.), Investment Agreement (North American Financial Holdings, Inc.), Investment Agreement (Tib Financial Corp.)
Number of Shares Upon Conversion. The number of shares of Common Stock into which a share of Series B Preferred Stock shall be convertible shall be determined by dividing $1,000 the then-current Share Value by the Applicable Conversion Price (subject to the conversion procedures of Section 9 hereof9) plus cash in lieu of fractional shares in accordance with Section 13 hereof13.
Appears in 1 contract
Number of Shares Upon Conversion. The number of shares of Common Stock into which a share of Series B A Preferred Stock shall be convertible shall be determined by dividing $1,000 by the Applicable Conversion Price (subject to the conversion procedures of Section 9 hereof) plus cash in lieu of fractional shares in accordance with Section 13 hereof.
Appears in 1 contract
Samples: Securities Purchase Agreement (First Mariner Bancorp)
