Antidilution definition

Antidilution provisions of warrants and convertible securities in particular and who has not, and who is not a member or employee of any firm which has, rendered legal services to any of the parties to the dispute or any of their respective Affiliates within the preceding two years and who has no interest (other than the receipt of customary fees for his services as an arbitrator) in the matter in dispute.
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Antidilution. The conversion price for the Series A Preferred shall be subject to proportional antidilution protection for stock splits, stock dividends, etc. In the event that the Company issues additional shares of Common or Common equivalents (other than shares issues to officers or employees of the Company pursuant to plans approved by the Company's board of directors) at a purchase price less than the applicable Series A Preferred conversion price, the Series A Preferred conversion price shall be adjusted to that same lower purchase price.
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Antidilution. The Conversion Ratio shall be adjusted appropriately to account for any stock splits, recapitalizations, combinations, stock dividends and other similar events. Voting Rights: Holders of New Preferred Stock shall have the right to vote with the holders of Common Stock on all matters submitted to a vote of the holders of Common Stock on an as-converted to Common Stock basis, including, without limitation, the right to vote on the increase or decrease in the number of authorized shares of Common Stock of the Reorganized Debtor. The written consent of Holders of at least sixty six and two-thirds percent (66 2/3%) of the issued and outstanding capital stock of the Reorganized Debtor (calculated on an as-converted to Common Stock basis) of the issued and outstanding capital stock of the Reorganized Debtor (calculated on an as-converted to Common Stock basis) (the “Supermajority Approval”) shall be required before the Reorganized Debtor may do, or commit to do, any of the following: (a) reclassify the capital stock of the Reorganized Debtor or alter the rights of the New Preferred Stock or Common Stock; (b) create, issue or sell any class of equity securities of the Reorganized Debtor, including preferred stock, having a preference as to liquidation, redemption or dividends over the New Preferred Stock; (c) authorize an amendment, modification or waiver of the certificate of incorporation or bylaws of the Reorganized Debtor which is adverse to the holders of New Preferred Stock; (d) authorize any liquidation, dissolution or winding up of the Reorganized Debtor, provided that, for the avoidance of doubt, no Supermajority Approval shall be required to institute bankruptcy proceedings, consent to the filing of a bankruptcy proceeding against it, or file a petition seeking reorganization under the U.S. Bankruptcy Code or any similar applicable federal or state law or consent to the appointment of a receiver, liquidator, trustee or assignee in bankruptcy or insolvency, or make an assignment for the benefit of creditors; and
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Examples of Antidilution in a sentence

  • Anti-dilution Adjustments Relating To A Basket Component; Alternate Calculation Anti-dilution Adjustments The Calculation Agent, in its sole discretion, may adjust the Adjustment Factor as a result of certain events related to a Basket Component or any Successor Fund, as applicable, which occur during the term of this Security.

  • This Antidilution Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument.

  • The titles of the sections and subsections of this Agreement are for convenience of reference only and are not to be considered in construing this Antidilution Agreement.

  • Anti-dilution Adjustments Relating to the Fund; Alternate Calculation Anti-dilution Adjustments The Calculation Agent, in its sole discretion, may adjust the Adjustment Factor as a result of certain events related to the Fund or any Successor Fund, as applicable, which occur during the term of this Security.

  • Except as set forth below, this Antidilution Agreement and the other documents delivered pursuant hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof.

  • In case any provision of this Antidilution Agreement shall be invalid, illegal, or unenforceable, the validity, legality and enforceability of the remaining provisions of this Antidilution Agreement shall not in any way be affected or impaired thereby.

  • This Antidilution Agreement shall be governed in all respects by the laws of the State of California as such laws are applied to agreements between California residents entered into and to be performed entirely within California.

  • Except as set forth below, this Anti-dilution Agreement and the other documents delivered pursuant hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof.

  • In case any provision of this Anti-dilution Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions of this Anti-dilution Agreement shall not in any way be affected or impaired thereby.

  • Concurrently with the execution of this Antidilution Agreement, the Purchaser is purchasing from the Company a Warrant to Purchase Stock (the "Warrant") pursuant to which Purchaser has the right to acquire from the Company the Shares (as defined in the Warrant).


More Definitions of Antidilution

Antidilution. Restriction on conversion of no more than 20% of the original purchase amount in any one month. For example, 20% is convertible in month four, 20% in month five, etc. Each issue fully convertible eight months after closing.
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Related to Antidilution

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Conversion Price means as of any time, $1,000, divided by the Conversion Rate as of such time.

  • Dilution means, as of any date of determination, a percentage, based upon the experience of the immediately prior 12 months, that is the result of dividing the Dollar amount of (a) bad debt write-downs, discounts, advertising allowances, credits, or other dilutive items with respect to Borrowers’ Accounts during such period, by (b) Borrowers’ xxxxxxxx with respect to Accounts during such period.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • 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.

  • 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.

  • Conversion Rate shall have the meaning specified in Section 14.01(a).

  • Convertible Securities means any stock or securities (other than Options) directly or indirectly convertible into or exercisable or exchangeable for shares of Common Stock.

  • Additional Shares of Common Stock means all shares of Common Stock issued (or, pursuant to Subsection 4.4.3 below, deemed to be issued) by the Corporation after the Series B Original Issue Date, other than (1) the following shares of Common Stock and (2) shares of Common Stock deemed issued pursuant to the following Options and Convertible Securities (clauses (1) and (2), collectively, “Exempted Securities”):

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 per share.

  • Convertible Security means one of the Convertible Securities.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Series C Preferred means the Company's Series C Preferred Stock, par value $0.01 per share.

  • Preferred Stock Equivalents shall have the meaning set forth in Section 11(b) hereof.

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

  • Conversion Ratio means the ratio (expressed as the number of Shares to which one Warrant relates) specified by the Issuer, subject to adjustments in accordance with these Conditions.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

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

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Number of Warrants means, for a Warrant Certificate, the “Number of Warrants” specified on the face of such Warrant Certificate (or, in the case of a Global Warrant, on Schedule A to such Warrant Certificate), subject to adjustment pursuant to Article 5.

  • 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:

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Company Preferred Stock means the Preferred Stock, par value $0.001 per share, of the Company.