Examples of Borrower Common Stock in a sentence

For the avoidance of doubt, all of the shares of Borrower Common Stock issued or issuable upon conversion of the Purchaser’s Note shall not be subject to any lock-up or other prohibitions on transfer other than such transfer restrictions imposed by applicable law (and not by any contract).
Borrower covenants that all shares of Borrower Common Stock which may be issued upon conversion of this Note will upon issue be fully paid and nonassessable and free from all taxes, liens and charges with respect to the issue thereof.
Whenever the number of shares of Borrower Common Stock or other stock or property issuable upon the conversion of this Note is adjusted, as herein provided, Maker shall promptly notify Holder of such adjustment or adjustments.
If any fraction of a share of Borrower Common Stock would, except for the provisions of this Subsection 2(c), be issuable on the conversion of this Note, Borrower shall pay to Holder a cash payment equal to the value of such fraction based on the Conversion Price.
Borrower shall not be required to issue a fraction of a share or scrip representing fractional shares of Borrower Common Stock upon conversion of this Note.

More Definitions of Borrower Common Stock

Borrower Common Stock means shares of common stock of the Borrower, par value $0.001 per share.

Borrower Common Stock means the approximately 94.8 million shares of common stock, par value of $1.50 per share, of Borrower currently outstanding.

Borrower Common Stock means any class of outstanding common stock of the Borrower.

Borrower Common Stock means the common Capital Stock of the Borrower.

Borrower Common Stock is defined in the Recitals.

Borrower Common Stock shall have the meaning provided in Section 5.20.