Additional Conversion Shares definition

Additional Conversion Shares. ’ means the Conversion Shares of up to 191,810,365 Shares issuable by the Company upon conversion of the Convertible Bonds following the Adjustment in addition to the Approved Conversion Shares;
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Additional Conversion Shares means the additional shares of Common Stock and/or the different class or classes of shares, if any, to be issued to Fourxxxx xxxsuant to Section 3.04 hereof. In the case of an adjustment to the Conversion Price, the Additional Conversion Shares to be issued to Fourxxxx xxxll represent the difference between the number of such shares Fourxxxx (x) would receive by dividing the Principal Amount by the Conversion Price as adjusted in accordance with Section 3.04 hereof and (b) received pursuant to Section 3.01 hereof. In the case of a change in the class or classes of stock, Fourxxxx xxxll 5 be entitled to receive, in lieu of the Additional Conversion Shares which it is entitled to receive but for such change, the equivalent of the shares of such other class or classes of stock that reflects what Fourxxxx xxxld have received if it had been entitled to receive such Additional Conversion Shares immediately prior to such change.
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Additional Conversion Shares has the meaning set forth in Section 15.01(b).
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Examples of Additional Conversion Shares in a sentence

  • If, at any time, the number of authorized but unissued shares of Common Stock is not sufficient to effect the issuance of Additional Conversion Shares, then Iomed shall immediately take such corporate action as is necessary to increase its authorized but unissued shares of Common Stock to such number of shares of Common Stock as shall be sufficient for such purpose.

  • All Additional Conversion Shares shall be fully paid and nonassessable shares of Common Stock (rounded to the nearest whole share).

  • Notwithstanding anything to the contrary contained herein, if, following a Company Share Major Transaction another Major Transaction (other than a Major Transaction described in clause (g) of the definition thereof) shall occur, the Additional Share Coefficient shall be determined by reference to such Major Transaction that results in a determination of the greatest number of Additional Conversion Shares.

  • The Company shall pay any and all taxes that may be payable with respect to the issuance and delivery of Additional Conversion Shares.

  • The Initial Conversion Shares and Additional Conversion Shares are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all liens imposed by the Company.

  • All of the Additional Conversion Shares that may be issued pursuant to the Additional Note shall have been approved for listing or quotation on the Trading Market as of the Additional Closing Date, without regard to any limitations on conversion set forth in the Additional Note, subject only to notice of issuance.

  • Upon each conversion of a Note pursuant to a Redemption Period Conversion, the Holder of such Note shall be entitled to receive a number of Conversion Shares equal to the Base Conversion Shares, plus, in the case of a Warrantless Optional Redemption, the Additional Conversion Shares (collectively, the “Redemption Period Conversion Shares”).

  • The issuance by the Company of the Company Securities and the delivery of the Lu Conversion Shares, the Lu Warrant Shares and the Lu Additional Conversion Shares pursuant to the terms of the Put Agreements shall not have the effect of delisting or suspending the Common Shares from the Principal Market.

  • Iomed shall, at all times during the Conversion Period, reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the issuance of Additional Conversion Shares, such number of its shares of Common Stock as shall be sufficient to effect the issuance of such Additional Conversion Shares.

  • For purposes of this Agreement, the term "Conversion Shares" refers to Initial Conversion Shares and Additional Conversion Shares, collectively, and the term "Warrant Shares" refers to Initial Warrant Shares and Additional Warrant Shares, collectively.


More Definitions of Additional Conversion Shares

Additional Conversion Shares means, and are hereby replaced with, the "Amended and Restated Additional Conversion Shares";
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Additional Conversion Shares shall have the meaning given in the recitals to this Agreement;
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Additional Conversion Shares means shares of Common Stock that may be issued by the Company (i) in connection with the repurchase of certain Additional Notes pursuant to the mandatory repurchase obligation set forth in Section 5.15 of the New Securities Purchase Agreement and (ii) upon conversion of the Additional Notes that are not subject to the mandatory repurchase obligation in Section 5.15 of the New Securities Purchase Agreement.”;
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Additional Conversion Shares means the number of shares equal to a fraction, (a) the numerator of which is (I) the product of (w) the number of Purchased Shares held by such Eligible Person as of the first anniversary of the date hereof (the “Eligible Shares”), it being understood that the number of Purchased Shares shall be calculated treating the Purchased Preferred Shares on an as-converted basis for the purposes of this Section 5(b), and (x) the Per Share Price, minus (II) the product of (y) such number of Eligible Shares and (z) the Average Trading Price; and (b) the denominator of which is the Average Trading Price; provided, that if the Average Trading Price is less than $12.13, the Average Trading Price shall be deemed to be $12.13 for the purposes of this clause (i).
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Related to Additional Conversion Shares

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

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

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Conversion Shares Registration Statement means a registration statement that registers the resale of all Conversion Shares of the Holders, who shall be named as “selling stockholders” therein and meets the requirements of the Registration Rights Agreement.

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Additional Common Shares means all common stock (including reissued shares) issued (or deemed to be issued pursuant to Section 2) after the date of the Warrant. Additional Common Shares does not include, however, any common stock issued in a transaction described in Sections 2.1 and 2.2 of the Warrant; any common stock Issued upon conversion of preferred stock outstanding on the date of the Warrant; the Shares; or common stock Issued as incentive or in a nonfinancing transaction to employees, officers, directors, or consultants to the Company.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Mandatory Conversion Notice shall have the meaning ascribed to it in Section 4.01(b)(ii) hereof.

  • Interest Shares means the shares of Common Stock and the related Preferred Share Purchase Rights issuable in payment of interest on the Note.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Adjustment Shares shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Conversion Amount means the sum of the Stated Value at issue.