Base Conversion Shares definition

Base Conversion Shares shall have the mean set forth in Section 5(c).
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Base Conversion Shares means initially 881.5 shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof, and delivered in accordance with Section 6(b)(i), and subject to adjustment as provided herein.
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Base Conversion Shares means shares of Common Stock received by a CS Holder pursuant to a Conversion of any share of Class F Convertible Stock, the number of which is the Base Conversion Share Number.
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Examples of Base Conversion Shares in a sentence

  • Accordingly for the avoidance of doubt if the Pre-Money Valuation in connection with a Liquidity Event was $200,000,000, the Base Conversion Shares would be adjusted and increased by 1.125 times (or the result of dividing $225,000,000 by $200,000,000).

  • 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 Company shall prepare and file with the SEC, as soon as practical after the Closing Date a Registration Statement on such form as Company deems appropriate, registering for resale by the Purchaser all of the shares of common stock designated as Base Conversion Shares under the Designation, held by the Purchaser upon conversion of Series A Preferred Stock (the "Registration Statement").

  • Not later than ten (10) Business Days after the Conversion Date, the Corporation shall deliver, or cause to be delivered, to such Holder a certificate or certificates representing the number of Base Conversion Shares being acquired upon the conversion of the Preferred Stock, which Base Conversion Shares shall contain or be subject to, as applicable, the restrictive legends, and transfer restrictions described in the Merger Agreement.

  • Each share of Series C Stock shall be converted into a number of shares of Common Stock that equals the sum of (1) the quotient obtained by dividing $10,000 by eighty-five percent (85%) of the average of the lowest three (3) intra-day bids of the Common Stock on the primary exchange, quotation system or market on which it is listed, over the 10 trading days immediately preceding the Conversion Date (as defined below)(the "Base Conversion Shares"), and (2) twenty percent (20%) of the Base Conversion Shares.

  • Each share of Preferred Stock shall be automatically converted on the business day immediately following the date the Buyer Stockholder Approval is obtained (such date, the “Conversion Date”) into the Base Conversion Shares and the Holdback Conversion Shares per share of Preferred Stock.

  • For the avoidance of doubt, to the extent following an Organic Change (whether in connection with a Change of Control Transaction or otherwise) any principal amount of this Note remains outstanding, such outstanding principal amount (or any portion thereof) shall be convertible at the option of the Holder into Base Conversion Shares and Additional Conversion Shares pursuant to this Section 7(c)(vii).

  • This field captures the flow of repos in the current month, and shouldinclude both active and charged-off loans.


More Definitions of Base Conversion Shares

Base Conversion Shares has the meaning set forth in Section 15.01(b).
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Related to Base Conversion Shares

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

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

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

  • Base Conversion Price shall have the meaning set forth in Section 5(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 B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

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

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

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series A Preferred Shares means the Series A 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.

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

  • 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 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.

  • 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.

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

  • 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:

  • 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.

  • 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.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

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

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

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.