Share Conversions Sample Clauses
Share Conversions. For the avoidance of doubt, the conversion of any shares of Class B Common Stock into shares of Class A Common Stock shall not be deemed to be an acquisition of Equity Securities of the Company for purposes of Section 3.1.
Share Conversions. At the Effective Time, by virtue of the Merger and without any action on the part of the holder of any of the Shares of DigiCourse:
(a) COMMON STOCK OF I/O MARINE. The Merger will automatically convert each share of common stock of I/O Marine into one share of common stock of DigiCourse.
Share Conversions. Each outstanding share of NAEG shall be converted into 0.0001 share(s) of FMGM (10,000 old for 1 new).
Share Conversions. Class T and Class D shares are converted into Class A shares once the maximum amount of distribution and shareholder servicing fees for those particular shares has been met. The shares to be converted are multiplied by the applicable conversion rate, the numerator of which is the net asset value per share of the share class being converted and the denominator of which is the net asset value per Class A share. During the six months ended June 30, 2024, approximately 160,000 Class T shares were converted to approximately 160,000 Class A shares at an average conversion rate of 1.00. During the six months ended June 30, 2023, approximately 80,000 Class T shares were converted to approximately 80,000 Class A shares at an average conversion rate of 1.00.
Share Conversions. Subscriber may convert any or all of the 250 Preference Shares issued for cash and the 250 Preference Shares issued as the commitment fee at any time after the Effective Date, from time to time, at its sole and absolute discretion. Subscriber may convert any or all of the other Preference Shares at any time after the Effective Date, from time to time, at its sole and absolute discretion; provided, however, that notwithstanding any other provision, Subscriber may not convert any Preference Shares unless the respective Note given as consideration for issuance of the share certificate representing such shares has been paid in full, by wire transfer of immediately available funds to an account designated by Company, at or prior to the time of such conversion. Company acknowledges that Subscriber’s conversion of Preference Shares may result in substantial dilution. Company’s absolute obligation to issue Common Shares to Subscriber upon conversion of Preference Shares is an independent covenant, and any breach or alleged breach of any provision of any Transaction Document by any person shall not excuse performance of such obligation.
Share Conversions. Subscriber may convert a portion or all of the principal amount of the Note at any time after the Effective Date, from time to time, at its sole and absolute discretion. Company acknowledges that Subscriber’s conversion of Note may result in substantial dilution. Company’s absolute obligation to issue Common Shares to Subscriber upon conversion of Note is an independent covenant, and any breach or alleged breach of any provision of any Transaction Document by any person shall not excuse performance of such obligation.
Share Conversions. Subscriber will limit its aggregate trading on any single Trading Day to the greater of: (1) 20% of (a) the daily trading volume for that day, or (b) the worldwide average daily trading volume in the Common Shares on all national securities exchanges and automated quotation systems, if any, on which the Common Shares are listed or designated for quotation (as the case may be), excluding any sales of Common Shares by Subscriber, for the 10 Trading Days immediately preceding such Trading Day; (2) $295,000.00 worth of Common Shares; or (3) any greater amount that Company permits or allows any other person to sell, pursuant to any agreement with Company other than for the issuance of Common Shares at a fixed price.